Ministry of Finance
News
Wages in real terms up year-on-year by some 5 percent in the initial four months of 2015
Ministry of Finance, June 19, 2015 12:59 PM
In the period January-April 2015, wages in real terms increased significantly, by 4.8 percent, within the national economy, the Hungarian Central Statistical Office (KSH) reported earlier today. In comparison to April 2014, the number of private sector jobs was 46 thousand higher at enterprises with at least five employees.
New authority against financial fraud to be established in Hungary
Ministry of Finance, June 18, 2015 4:33 PM
The Government is about to establish a new supervisory body to prevent future bank- and brokerage scandals and tax fraud, Hungarian newswire MTI reports.
Hungary’s employment growth rates among the highest in the EU
Ministry of Finance, June 17, 2015 8:58 AM
According to the latest Eurostat report, in Q1 2015 Hungary – along with Latvia – recorded the largest quarter-on-quarter employment growth. While this indicator showed growth of 0.1 percent within the Euro-zone (19 member states) and 0.3 percent within the EU28, it improved outstandingly, by 1.5 percent, in Hungary.
Tax package adopted by Hungary’s parliament
Ministry of Finance, June 16, 2015 3:50 PM
Thanks to tax measures of past years, the tax burden on labour and that of enterprises have been reduced and tax collection has become more efficient. The tax package accompanying the 2016 Budget Bill helps create a budget of tax reductions, Minister for National Economy Mihály Varga said at a press conference following the adoption of the tax package by the National Assembly.
Tax burden at 40 percent of banks could be lower next year
Ministry of Finance, June 15, 2015 10:10 AM
New regulation enables some 40 percent of Hungarian banks to pay less tax, as this Government incentive leaves altogether HUF 10bn at active lenders, Minister for National Economy Mihály Varga told economic daily Napi Gazdaság.
Hungarian industrial output up for the 20th consecutive month
Ministry of Finance, June 12, 2015 1:41 PM
The positive industrial output trend continued in April 2015: output volume rose by 6.3 percent year-on-year, and thus it was the 20th consecutive month of output growth. In the initial four months of the year, output was up altogether by 7.6 percent. Expansion has been based on sound foundations, as out of the thirteen sub sectors of the manufacturing industry nine posted higher output and the industrial sector performed better in every region.
Tourism sector grew year-on-year by some 10 percent in April 2015
Ministry of Finance, June 11, 2015 11:49 AM
The domestic tourism sector continued to expand last month, as in April 2015 the number of guests and tourism nights was up by 9.6 percent (771 thousand) and 4.8 percent (1.8 million), respectively, while the volume of revenues at accommodation establishments rose by 5.7 percent (HUF 15.5bn) in comparison to the corresponding period of the previous year.
Inflation in positive territory again
Ministry of Finance, June 9, 2015 10:51 AM
In May 2015, Hungary’s consumer price index showed an increase of 0.5 percent year-on-year. In the initial five months of the year, consumer prices were on average 0.6 percent below the level of the same period one year ago.
Foreign trade surplus of EUR 3bn recorded in January-April 2015
Ministry of Finance, June 8, 2015 5:30 PM
In the initial four months of the year, foreign trade posted a surplus of EUR 3bn, and thus positive trade processes have continued, Deputy State Secretary for Prioritized Enterprise Relations Zoltán István Marczinkó told public news channel M1, commenting on the latest trade data released by the Hungarian Central Statistical Office.
Favourable data for the month of May confirm steady fiscal balance in Hungary
Ministry of Finance, June 8, 2015 4:00 PM
The deficit of the central sub sector of the state budget totalled HUF 511.1bn at the end of May 2015. Within that, the central state budget posted a deficit of HUF 588.5bn, while Social Security Funds and Extra Budgetary State Funds registered surpluses of HUF 47.0bn and HUF 30.4bn, respectively. In the month of May 2014, the deficit of the central sub sector of the state budget was HUF 681.7bn.