Ministry of Finance
News
EU should adopt a common stance in combating VAT fraud
Ministry of Finance, December 4, 2015 1:42 PM
Hungary considers reverse-charge VAT to be one of the most effective tools against cross-border VAT fraud, Minister for National Economy Mihály Varga said a conference organized by the Finance Ministry of the Czech Republic. As Hungary represents a common stance with Czech Finance Minister Andrej Babiš, the Minister was urging the speedy formulation and adoption of a joint EU tax strategy.
Mihály Varga met with EBRD Risk Management Vice President Betsy Nelson
Ministry of Finance, December 3, 2015 3:46 PM
Minister for National Economy Mihály Varga received in his office EBRD Risk Management Vice President Betsy Nelson. At the meeting, the Minister emphasised that the Government has been committed to complying with the MoU concluded with the EBRD in February this year and he also stressed that the institution may play a major role in the financing of the economy.
Retail sales growth expected to continue in the remainder of the year
Ministry of Finance, December 3, 2015 3:18 PM
In Hungary, the upward retail sales trend has been in place for the 29th consecutive month, and according to expectations of the Ministry for National Economy, this positive trend is set to continue in the rest of the year, Deputy State Secretary for Domestic Economy Áron Márk Lenner told public news channel M1.
Ágnes Hornung named OECD National Commission President of Hungary
Ministry of Finance, December 2, 2015 8:56 AM
Minister for National Economy Mihály Varga appointed Ágnes Hornung, Minister of State for Financial Affairs, as head of the OECD National Commission in Hungary.
New chapter opened in the history of Hungarian-Iranian economic relations
Ministry of Finance, December 1, 2015 2:39 PM
It is in the best interest of both Hungary and Iran to deepen bilateral relations, Minister for National Economy Mihály Varga said, following negotiations he had held with Iran’s economic leaders as member of Prime Minister Viktor Orbán’s delegation.
Awards for Successful Enterprises presented for the month of November 2015
Ministry of Finance, December 1, 2015 2:29 PM
The Hungarian Government has prioritized the boosting of the competitiveness of domestic enterprises against a background of decelerating global economic growth, Minister for National Economy Mihály Varga said at the presentation ceremony of the Awards for Successful Enterprises in the month of November.
Retail sector continues to record sales growth above the EU average, September 2015
Ministry of Finance, November 26, 2015 3:21 PM
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Memorandum of Understanding on renminbi sovereign bond issuance concluded between Hungary and China
Ministry of Finance, November 25, 2015 2:23 PM
The MoU on the issuance of renminbi-denominated government bonds was signed by Prime Minister Viktor Orbán and Bank of China President Tian Guoli. Hungary’s Minister of Foreign Affairs and Trade Péter Szijjártó and Minister for National Economy Mihály Varga also participated at the event. Mihály Varga called the signing of the document a major milestone, as Hungary is the first country in the Central and Eastern European region to issue a renminbi bond. The Minister added it was a sign of confidence in the Hungarian economy and stable growth.
Hungary to take on a leading role in e-mobility promotion
Ministry of Finance, November 23, 2015 11:15 AM
The Hungarian Government is pursuing an initiating and active role in the realization of international blueprints designed to promote e-mobility, Minister for National Economy Mihály Varga said at the conference “New Road to Electro-mobility in the EU”, organized by NGM.
Fitch affirmed Hungary’s credit rating
Ministry of Finance, November 23, 2015 10:28 AM
Fitch Ratings has left Hungary’s credit rating unchanged at BB+, with positive outlook.
In the latest report, Fitch predicts that Hungarian economic growth will remain stable in the coming years. Economic expansion is expected to be underpinned by banks’ improving business environment which may boost lending. The creation of jobs, low inflation, the forint conversion of mortgages as well as bank refunds will continue to contribute to domestic consumption growth.