Ministry of Finance
News
Hungarian economy has vote of confidence from large enterprises
Ministry of Finance, October 19, 2015 1:02 PM
The majority of large enterprises have given a vote of confidence for Hungarian reform measures and they acknowledge the efforts of the Government, Minister for National Economy Mihály Varga said at the TOP 200 gala event, organized by business weekly Figyelő.
Hungary’s presence in Latin America must be bolstered
Ministry of Finance, October 16, 2015 10:22 AM
Hungary’s presence in the Latin-American region must be strengthened in order to further increase last year’s Hungarian trade surplus of USD 820 million and thus create more jobs, Deputy State Secretary for Prioritized Enterprise Relations Zoltán István Marczinkó said, following the opening of a business panel discussion at the second Hungary-Latin America Forum in Budapest.
Year-on-year industrial sector data show expansion for the past two years
Ministry of Finance, October 14, 2015 11:35 AM
In august 2015, the volume of industrial output in Hungary was up by 6.2 percent year-on-year. Thus, the positive output trend has been in place for the 24th consecutive month. The expansion has been mainly the result of output growth in the manufacturing sector – within that the expansion of motor vehicle manufacturing and related sub sectors. The massive stock of orders and high demand for cars on external markets also indicate that growth will continue in coming months.
Government to support thousands of IT enterprises
Ministry of Finance, October 14, 2015 10:06 AM
The digital economy has been one of the engines of Hungary’s economic growth, Minister for National Economy Mihály Varga said at the ministerial panel meeting of the conference of the International Telecommunication Union (ITU) in Budapest.
Government to create a more taxpayer-friendly, less complicated tax regime
Ministry of Finance, October 13, 2015 4:06 PM
The Government aims to set up a new, customer-friendly taxation system that is faster and requires less administration and bureaucracy, Minister of State for Parliamentary Affairs and Taxation András Tállai said at a press conference after having presented a bill on the rules of taxation to Hungary’s National Assembly.
Credit rating agencies will also have to change their mind
Ministry of Finance, October 13, 2015 2:54 PM
Credit rating agencies are still reluctant to modify their views on Hungary, but it is soon time to do so, as Hungary has recently had achievements that are outstanding even from a European perspective, Minister for National Economy Mihály Varga told public news channel M1.
Tourism sector expansion continued in August 2015
Ministry of Finance, October 12, 2015 3:26 PM
Statistical data released by the Hungarian Central Statistical Office (KSH) show that tourism traffic at accommodation establishments was higher – once again -- in the month of August 2015. In the observed period, the number of guests and tourism nights was up by 7.1 percent and 5.3 percent, respectively, while revenues at accommodation establishments rose by 16.6 percent, year-on-year. Tourism traffic was higher concerning eight out of Hungary’s ten largest sender countries; of these, three countries posted double-digit increases (United Kingdom: +20.9 percent, Spain: +16.7 percent, USA: +12.6 percent).
World Bank may also help tackle the migration crisis
Ministry of Finance, October 12, 2015 2:33 PM
The World Bank may in the future -- through financing and development programmes -- assume a role in resolving the migration issue, Minister for National Economy Mihály Varga told Hungarian public service broadcaster Kossuth Radio.
Improving economic relations between Switzerland and Hungary
Ministry of Finance, October 12, 2015 11:27 AM
The proximity of the two countries and the competitiveness of Hungarian enterprises within the EU market facilitate the further tightening of bilateral trade relations, Hungary’s Minister for National Economy Mihály Varga and Switzerland’s Economic Affairs Minister Johann Schneider-Ammann concluded at a meeting on the sidelines of the IMF-World Bank annual conference in Lima, Peru.
Our international partners also acknowledge Hungary’s economic performance
Ministry of Finance, October 12, 2015 10:30 AM
On the sidelines of the IMF-World Bank annual conference, Minister for National Economy Mihály Varga held talks with the leaders of several international financial institutions and representatives of investor groups.