Ministry of Finance
News
Hungary among Astana Expo participants
Ministry of Finance, June 29, 2015 3:15 PM
Minister for National Economy Mihály Varga and Astana Deputy Mayor Nurali Aliyev discussed details of "Expo 2017: "Energy of the Future" and the broadening of Kazakh-Hungarian relations. At the first expo of Central Asia, organizers are awaiting exhibitors from more than 100 countries and they are expecting the number of visitors to exceed 5 million.
Awards for Successful Enterprises presented by Minister Varga
Ministry of Finance, June 29, 2015 1:09 PM
Every strong economy is based upon an agile, multi-faceted business environment, Minister for National Economy Mihály Varga said earlier today, at the presentation of the Awards for Successful Enterprises. The award, which the Minister established in August 2013, honours productive work that creates promising enterprises.
Number of people in employment up by more than 100 thousand year-on-year
Ministry of Finance, June 26, 2015 11:11 AM
The number of people in employment has been above the 4 million mark for the sixteenth consecutive month, the Hungarian Central Statistical Office reported earlier today. In the period March-May 2015, the number of those aged 15-74 years increased by 102 thousand, to 4 million 165 thousand year-on-year. The unemployment rate has reached the best level in eight years, 7.1 percent.
Hungarian success at major European energy efficiency competition
Ministry of Finance, June 25, 2015 3:35 PM
The Hungarian Virtual Power Station Programme has been selected as one of the best three among 153 energy efficiency programmes submitted to the jury of the EU’s Sustainable Energy Week. As Minister of State for Economic Regulation Béla Glattfelder said, this is a prestigious international recognition of not only the programme but the country, too.
Hungarian retail sales volume growth among the highest within the EU in April 2015
Ministry of Finance, June 25, 2015 1:07 PM
In April 2015, data adjusted for calendar effects show that the volume of retail sales grew by 5 percent year-on-year. Thus, the sector has been expanding for the 22nd consecutive month. In the initial four months of the year, sales volume soared by 6.3 percent compared to the same period of the previous year. According to Eurostat data, the volume growth of retail sales in Hungary was the third largest within the European Union.
The 2 percent budget deficit figure is a significant message for investors
Ministry of Finance, June 24, 2015 2:08 PM
It is a key component of the 2016 Budget that the Government is expecting general government budget deficit to be below 3 percent, Minister of State for Parliamentary Affairs András Tállai told public news channel M1.
National Assembly adopted a budget of tax reductions
Ministry of Finance, June 23, 2015 3:16 PM
The Government has fulfilled a promise: the country has a Budget Act for 2016 at the beginning of the summer. Next year, everybody will make a step forward: the amount left in the economy – at employees, families and enterprises - will total HUF 230bn.
OECD upbeat on Hungarian fiscal processes
Ministry of Finance, June 22, 2015 4:06 PM
The OECD expressed optimism regarding Hungary’s general government budget deficit: the institution predicts a shortfall of 2.3 percent for 2015 and 2.2 percent for 2016. They also forecast GDP growth of 3.0 percent for this year and 2.2 percent for next year.
Hungary as special guest at Dunhuang Silk Road International Tourism Festival
Ministry of Finance, June 22, 2015 11:44 AM
Hungary participated as a special guest at the 5th Dunhuang Silk Road International Tourism Festival in China, organized on 16-18 June 2015 in Jiayuguan, Gansu province. The tourism delegation of the Hungarian Ministry for National Economy was headed by Minister of State for Public Administration Judit Gondos and composed by Deputy State Secretary for Tourism Dr Ádám Ruszinkó and Hungarian Tourism Ltd CEO Dr Péter Faragó.
EU guarantee for boosting lending
Ministry of Finance, June 22, 2015 10:44 AM
Earlier today, the ECOFIN has adopted a statute on the European Fund for Strategic Investments (EFSI). The regulation, supported also by Hungary, provides guarantees for high-risk loans in order to boost the economy and ignite growth. As Minister for National Economy Mihály Varga said, further measures are required to improve the competitiveness of European countries.