Ministry of Finance
News
European Investment Bank to provide Hungary with a framework loan facility of EUR 500 million
Ministry of Finance, September 28, 2015 2:04 PM
European Investment Bank Vice President László Baranyay and Minister for National Economy signed a credit facility agreement providing funding at preferential conditions which helps Hungary broaden the scope of the utilization of EU funding made avaialable for the country, achieve economic development objectives and improve people’s standard of living.
Budget amendment to safeguard public finances
Ministry of Finance, September 25, 2015 9:53 AM
While migration-related tasks require higher spending, prudent fiscal management demands fiscal stability. Through the amendment of the 2015 Budget more funds will be made available in order to cover potential unforeseeable expenditures in coming months.
Expansion of the retail sector continued for the 25th consecutive month
Ministry of Finance, September 24, 2015 3:33 PM
In July 2015, the volume of retail sales was up by 6.8 percent compared to the corresponding period of the previous year, and thus the positive retail sales trend has been in place for the 25th month in a row. The growth figure of July 2015 is the third best within the EU. Data compiled in the past months clearly show that along with shops families had also adjusted to shopping-free Sundays: sales turnover has been spread over the other days of the week. Higher sales volume, in turn, has boosted hiring in the sector.
Danube Transnational Programme launched
Ministry of Finance, September 23, 2015 3:30 PM
Hungary will play a key role in the Danube Transnational Programme, which aims to foster regional integration within the highly diverse Danube region, Minister of State for the Utilization of EU Funds Balázs Rákossy told Hungarian news agency MTI, following the conference that marked the official opening of the Programme.
Hungary advocates joint action by the EU against tax evasion
Ministry of Finance, September 22, 2015 1:14 PM
A taxation scheme can only be effective if it efficiently serves economic policy goals: economic growth and the best interests of enterprises and households, Minister of State for the Utilization of EU Funds Balázs Rákossy said at a taxation forum of the heads of tax authorities held in Budapest.
This year’s budget to receive HUF 30bn extra to handle migrant crisis
Ministry of Finance, September 22, 2015 10:35 AM
Through the amendment of this year’s budget, the Government adds HUF 30bn to existing funds to assist the handling of the migrant crisis, Deputy State Secretary Richárd Adorján said at a press conference.
Mihály Varga and Hong Kong Financial Secretary John Tsang Chun discuss bilateral relations
Ministry of Finance, September 21, 2015 6:50 PM
Minister for National Economy Mihály Varga received in his office Hong Kong Financial Secretary John Tsang Chun to exchange views on European and Asian economic trends as well as on potential opportunities provided by China’s “One Belt, One Road” strategy.
Standard&Poor’s affirmed Hungary’s credit rating
Ministry of Finance, September 21, 2015 11:54 AM
The agency maintained the country’s rating with stable outlook.
Wages in real terms rose by some 4 percent in January-July 2015
Ministry of Finance, September 18, 2015 10:49 AM
In the initial seven months of the year, wages in real terms increased outstandingly, by 3.8 percent year-on-year, the Hungarian Central Statistical Office (KSH) reported earlier today. Thus, a positive wage growth trend has been in place for the 31st consecutive month. Compared to July 2014, the number of employees at enterprises with at least five employees was up by 46 thousand.
Hungarian health tourism day at the Milan Expo
Ministry of Finance, September 16, 2015 11:51 AM
The health industry and health tourism conference organized by the Ministry for National Economy at the Hungarian Pavilion of the Milan Expo 2015 aimed at stimulating foreign investment and boosting the export potential of Hungarian products and services. Along with presenting Hungarian services and achievements in the field of research-development-innovation, the conference agenda also focused on bolstering Italian-Hungarian economic relations.