Ministry of Finance
News
Tourism sector expansion unbroken in June 2015
Ministry of Finance, August 12, 2015 1:18 PM
In June 2015, more than 1 million guests spent 2.5 million tourism nights at Hungarian accommodation establishments. The number of guest and tourism nights grew by 6.7 percent and 4.9 percent, respectively, year-on-year. The volume of guest spending on accommodation was 13 percent higher compared to the same period of the previous year, while accommodation revenues exceeded HUF 20.5bn. Concurrently, occupancy ratios and RevPAR also increased.
Manufacturing sector propelled industrial output growth in June 2015
Ministry of Finance, August 12, 2015 11:34 AM
The re-industrialization of Hungary made headway as in June 2015 industrial output grew by 6 percent year-on-year. Thus, the upward trend has been in place for two years in Hungary. The opening of new factories and R&D centres as well as the introduction of multi-shift work schemes at existing facilities has been creating more and more new private sector jobs. The strengthening industrial sector provides opportunities for Hungarian people; therefore the Government is committed to continuing the successful, active industrial policy.
Subdued inflation bolsters predictability
Ministry of Finance, August 11, 2015 10:49 AM
Thanks to low prices, the future has become more calculable for families and enterprises: according to the latest report by the Hungarian Central Statistical Office (KSH), in July 2015 consumer prices remained unchanged month-on-month, while in the initial seven months of 2015 they were down by 0.3 percent year-on-year.
Foreign trade surplus a positive factor in cutting Hungary’s external debt
Ministry of Finance, August 10, 2015 1:59 PM
Rising foreign trade surplus helps reduce Hungary’s external debt burden faster and at a larger extent than previously expected, Minister of State for Economic Regulation Béla Glattfelder told public news channel M1, commenting on foreign trade data released by the Hungarian Central Statistical Office (KSH).
Hungarian economy produces outstanding figures also by European standards
Ministry of Finance, August 9, 2015 6:50 PM
The latest employment, retail, industrial production and export figures confirm that the Hungarian reforms are working, and the Hungarian economy is producing outstanding results also by European standards, Minister of State for Economic Regulation at the Ministry for National Economy Béla Glattfelder said on Saturday at a press conference held in Budapest.
Twenty thousand new jobs in the industrial sector within one year
Ministry of Finance, August 7, 2015 3:48 PM
Minister of State for Economic Regulation at the Ministry for National Economy Béla Glattfelder told public news channel M1 on Friday that data from June shows that over the past year more than twenty thousand new jobs have been created in the industrial sector.
State budget deficit figures for July meet expectations
Ministry of Finance, August 6, 2015 2:25 PM
At the end of July 2015 the accumulated deficit of the central sub-sector of the state budget was HUF 894.1 billion. Within this, the central budget closed the month with a deficit of HUF 953.7 billion, while Social Security Funds and Extra Budgetary State Funds posted surpluses of HUF 36.7 billion and HUF 22.9 billion, respectively.
Retail sales exceptionally high in June
Ministry of Finance, August 5, 2015 5:02 PM
In an interview with public news channel M1 on Wednesday, Minister of State for Economic Regulation Béla Glattfelder said that retail sales in June were exceptionally high, recording a growth rate adjusted for calendar effects of 6.2%.
Foreign trade surplus of EUR 3.5 billion recorded in January–May 2015
Ministry of Finance, August 3, 2015 4:22 PM
Positive trends in Hungary’s trade continued in May as well: including the month’s growth, Hungary’s foreign trade balance posted a surplus of EUR 3.5 billion in the period from January to May. This figure is EUR 741 million higher than in the corresponding period last year.
Employment rate hits 23-year high while unemployment rate falls below 7 percent in Hungary
Ministry of Finance, July 29, 2015 2:06 PM
According to the latest report by the Hungarian Central Statistical Office (KSH), the number of people in employment has been above the 4 million mark for almost one-and-a-half years. In April-June 2015, the number of those in employment aged 15-74 years increased by 126 thousand, to 4 million 201 thousand. Thus, the employment rate has reached a 23-year high in Hungary and the unemployment rate fell to an 11-year low of 6.9 percent.