Ministry of Finance
News
Employment reached a new milestone: unemployment rate fell to an 11-year low of 6.2 percent in Hungary
Ministry of Finance, January 5, 2016 3:30 PM
The number of people in employment has been above the 4 million mark for more than one year and a half – according to the latest jobs report by the Hungarian Central Statistical Office (KSH). The number of people in employment aged 15-74 years was up by 118 thousand, to 4 million 273 thousand in the period September-November 2015.
Hungarian economy has been on a stable growth path
Ministry of Finance, January 5, 2016 2:33 PM
The Government for the time being does not find it necessary to amend key budget estimates, as the Hungarian economy has been on a stable growth path, Mihály Varga told Hungarian news agency MTI in a year-end interview.
Government tax policy proven to be successful
Ministry of Finance, January 4, 2016 3:34 PM
The rate of personal income tax is set to be reduced further, from 16 percent to 15 percent, which will leave HUF 120bn more at people, Minister of State for NAV András Tállai said.
Minister Mihály Varga appointed new managers of National Tax and Customs Administration (NAV)
Ministry of Finance, January 4, 2016 1:54 PM
The tax office must treat companies, entrepreneurs and private persons as partners, assisting them to fulfil taxpayer duties in a simpler, faster and less complicated manner, Minister for National Economy Mihály Varga said at the ceremony for appointing new leaders of NAV.
Tax revenues in Hungary well above the projected amount
Ministry of Finance, January 4, 2016 1:24 PM
Tax revenues came in higher this year as formerly expected, thus the general government budget deficit is seen at 2.4 percent of GDP or even lower for the full year, Minister of State for State Finances Péter Benő Banai said.
Volume of exports up by 9.5 percent in October 2015
Ministry of Finance, January 4, 2016 11:53 AM
The volume of exports and imports in Hungary grew year-on-year by 9.5 percent and 6.3 percent, respectively, in the month of October 2015. Foreign trade posted a surplus of EUR 605 million in the observed period, up by EUR 322 million year-on-year. According to estimates, the full-year surplus may reach an all-time high amount of EUR 8bn.
Awards for Successful Enterprises presented for the month of November 2015
Ministry of Finance, December 18, 2015 2:04 PM
“We are honouring enterprises today which have successfully taken advantage of opportunities and brought their ideas to fruition through talent and diligence," Minister for National Economy Mihály Varga said at the presentation ceremony of the Awards for Successful Enterprises.
Hungarian retail sector expansion in place for 29th consecutive month
Ministry of Finance, December 18, 2015 1:03 PM
The volume of retail sales in Hungary grew by 4.6 percent year-on-year in the month of October 2015. The largest increase of 8 percent was registered at durable goods retailers, which signals the improvement of consumer confidence and higher disposable incomes at households.
Wages in real terms on the rise for almost three years in Hungary
Ministry of Finance, December 18, 2015 12:46 PM
Wages in real terms were up by 4.2 percent year-on-year in the period January-October 2015, according to the flash report of the Hungarian Central Statistical Office (KSH):
Thus, wages in real terms have been rising for the 34th straight month in Hungary. In addition, in comparison to October 2014, the number of private sector jobs was up by 55 thousand at enterprises with at least five employees.
Government support enables the purchasing of 20 electric buses for public transport in Budapest
Ministry of Finance, December 15, 2015 12:07 PM
The Government is offering a non-refundable grant of EUR 3.9bn for the Budapest Transport Company Ltd (BKV) to purchase electric buses, Minister for National Economy Mihály Varga announced yesterday. The agreement on e-mobility development project was signed by Minister Varga and BKV CEO-President Tibor Bolla. The fiscal resources required for the purchasing of electric buses and related infrastructure development will be covered by revenues from Hungary’s CO2 quota sales.