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Standard&Poor’s raises Hungary’s credit rating

Ministry of Finance, March 23, 2015 11:32 AM

In the report published together with the new rating, the credit rating agency stresses that "Hungary's external imbalances have unwound substantially since the onset of the global financial crisis”, thanks primarily to the forint conversion of forex mortgages and the Government's policy of borrowing primarily in local currency.

The statement of the Ministry of Foreign Affairs and Trade regarding the terrorist attack in Yemen

Ministry of Foreign Affairs and Trade, March 23, 2015 10:48 AM

The Ministry of Foreign Affairs and Trade was shocked by the news of the brutal terrorist attack committed in Yemen; this incomprehensible act is a shock for every decent person.

Colleen Bell and Mihály Varga discussed opportunities for the expansion of economic relations

Ministry of Finance, March 23, 2015 10:28 AM

Hungary’s Minister for National Economy Mihály Varga received HE Ambassador of the United States to Hungary Colleen Bell in his office on 20 March 2015. At the meeting, the two parties discussed opportunities for the further expansion of bilateral economic relations.

There is no excuse for the incitement to hatred or for hate crimes

Prime Minister’s Office, March 23, 2015 10:02 AM

The Prime Minister’s Office strongly condemns the barbaric deed of those who have desecrated the graves in the Jewish cemetery of Gyöngyös.

Price of energy is of utmost significance from Hungarian viewpoint

The Prime Minister, March 20, 2015 5:46 PM

The price of energy is of the utmost significance from the Hungarian viewpoint, Prime Minister Viktor Orbán stressed after the summit of the heads of states and prime ministers of the Member States of the European Union.

The Consulate General of Hungary in Düsseldorf was reopened

Ministry of Foreign Affairs and Trade, March 20, 2015 4:42 PM

The Consulate General of Hungary in Düsseldorf, Germany was officially reopened on Thursday. The foreign mission in the capital of North Rhine-Westphalia was inaugurated by Minister of State for Economic Diplomacy of the Ministry of Foreign Affairs and Trade Levente Magyar.

Mihály Varga: High time for a credit rating upgrade

Ministry of Finance, March 20, 2015 3:18 PM

The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in Budapest.

Ministry for National Economy expects higher GDP growth, lower inflation and fiscal deficit for 2015

Ministry of Finance, March 20, 2015 11:45 AM

Conservative projections show that interest expenditures may be HUF 30-40bn lower compared to former estimates, Minister of State for Public Finances Péter Benő Banai said at a meeting with financial experts, adding that yields of government securities are already much lower now.

Progress is needed in the region’s energy security

Ministry of Foreign Affairs and Trade, March 20, 2015 11:23 AM

The Minister of Foreign Affairs and Trade said on Thursday at a press conference in Budapest that progress has to be made in the region’s energy security because otherwise the region will face serious problems in terms of security and competitiveness.

Wages in real terms on the rise for more than two years

Ministry of Finance, March 20, 2015 10:52 AM

In January 2015, wages in real terms rose markedly, by 5.6 percent within the national economy, according to the flash report of the Hungarian Central Statistical Office (KSH) published this morning.