Ministry of Finance
News
Foreign trade sector posted a surplus of EUR 5.3bn in the period January-August 2015
Ministry of Finance, November 2, 2015 2:28 PM
In August 2015, the volume of exports and imports was up by 6.6 percent and 7 percent year-on-year, respectively. The surplus in the month of August 2015 was EUR 455 million, up by EUR 21 million compared to the month of August 2014. In the period January-August 2015, accumulated surplus reached EUR 5.3bn. Along with the export of machinery and equipment, the export volume of pharmaceuticals products has also contributed to export growth and improved its composition.
Skilled workers are essential for economic growth
Ministry of Finance, October 29, 2015 3:32 PM
A suitable trade offers at least as many good career opportunities as a higher education degree, Minister for National Economy Mihály Varga said upon congratulating the Hungarian awardees of the WorldSkills competition held this year in São Paolo, Brazil.
Retail sector expanded for 26 months in a row in Hungary
Ministry of Finance, October 29, 2015 1:48 PM
In August 2015, the volume of retail sales was up by 4.6 percent year-on-year, while it increased by 6 percent in the initial eight months of the year.
The number of people in employment has increased by 555 000 over the last five years
Ministry of Finance, October 28, 2015 10:19 PM
In Budapest on Wednesday, Minister of State at the Ministry of National Economy Péter Cseresnyés announced that since the change of government in 2010, the number of people in employment in Hungary has increased by 555 000. This increase mainly stems from the private sector, where 332 000 more people are in work than five years ago, he said.
Hungary has moved up some ten places in the global competitiveness rankings
Ministry of Finance, October 28, 2015 3:55 PM
The World Bank has published its Doing Business edition, which annually compares competitiveness rankings of 189 countries.
Government facilitates self-provision
Ministry of Finance, October 27, 2015 2:54 PM
A good pension system can only be operated efficiently in a strong and stable economic environment, Minister for National Economy Mihály Varga said at a conference organized by business and financial news website Portfolio in Budapest.
Migration issue also on the agenda of Hungarian-Jordanian ministerial-level meeting
Ministry of Finance, October 22, 2015 3:53 PM
Relations between Hungary and Jordan had traditionally been excellent and they have improved even further over the past couple of years, Minister for National Economy Mihály Varga said after he had received Jordan’s Minister for Tourism and Antiques Nayef Al Fayez in his office. At the meeting, besides bilateral relations the two ministers discussed issues related to the migration problem.
Delayed EU funding on the way to Hungary
Ministry of Finance, October 22, 2015 3:03 PM
The EU has transferred HUF 201.5bn for the Economic Development and Innovation Operative Programme and HUF 13.3bn for the Regional Operative Programme as part of the amount formerly allocated but temporarily delayed by Brussels, Deputy State Secretary Richárd Adorján said at a press conference on fiscal affairs.
Hungary once again among the EU’s best in terms of general government fiscal deficit and state debt data
Ministry of Finance, October 22, 2015 12:55 PM
The latest Eurostat report, published on 21 October 2015, provides a detailed overview of fiscal deficit and general government debt statistics within the European Union and Euro-zone member countries in 2014. As far as the last year is concerned, Hungary’s figures – deficit of 2.5 percent and general government debt-to-GDP ratio of 76.2 percent – are lower not only compared to the EU average but also in comparison to the average of the Euro-bloc.
Wages in real terms up for the 32nd consecutive month
Ministry of Finance, October 20, 2015 11:05 AM
In the initial eight months of the year, wages in real terms increased significantly, by 3.9 percent year-on-year, according to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning. Thus, a positive wage growth trend has been in place for the 32nd month in a row. The number of private sector jobs – at enterprises with at least five employees – also grew outstandingly, by 50 thousand, compared to August 2014.