In the third quarter of 2014, the Hungarian economy grew by 3.2 percent year-on-year. This GDP growth figure is well above prior expectations as economic fundamentals facilitating the expansion have become sounder and more sustainable also in the long term. In the EU, Poland registered the largest growth with 3.4 percent, while Romania and Hungary share the second place in the ranking with regard to the observed period.
The landing of the Philae lander is an international, pan-European success story in which Hungary has had an outstanding role thanks to prominent representatives of the national scientific and business communities. The Government finds it important to support space research since thereby it may facilitate the participation of Hungarian small and medium enterprises as well as university and academic research institutions in similar projects.
Families will be able to retain an additional 200 billion forints (EUR 651 million) in the next five years due to the government’s family support initiative, Minister for Human Capacities Zoltán Balog said on Tuesday at a demographic conference in Budapest.
Social workers will receive more substantial wage increases next year than the one given this October, Minister of State for Social Affairs and Inclusion Károly Czibere said on Wednesday at a press conference held in a Budapest family shelter.
The State Ministry for Public Education of the Ministry for Human Capacities will grant 51 million forints (EUR 166,000) for public education initiatives in neighbouring countries aimed at promoting Hungarian identity and culture, the State Ministry said in a statement on Wednesday.
Employment has been on the rise for eleven months in Hungary and the bulk of employment growth have been generated by the private sector, Minister of State for Vocational Training and Labour Market Sándor Czomba said at a conference on corporate responsibility in Budapest.
Hungary substantially contributes its potential to the re-strengthening of Europe, the Hungarian Minister of Foreign Affairs and Trade emphasised in his presentation delivered at the German Council on Foreign Relations (DGAP) in Berlin on Wednesday.
Energy issues were raised among others at the negotiation of the Hungarian - Croatian Joint Committee on Tuesday in Budapest, said Levente Magyar Minister of State for Economic Diplomacy of the Ministry of Foreign Affairs and Trade following the meeting. The video was published on the web page of the Ministry of Foreign Affairs and Trade.
The Ministry for National Economy has submitted to the Parliament a new regulatory package on deposit insurance. Thanks to the proposal, Hungary will join the uniform European Deposit Guarantee Scheme.
Minister of Agriculture Sándor Fazekas held negotiations in Shanghai on increasing Hungarian exports to China, where he also opened a large wine expo in representation of Hungary.