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Hungarian economic expansion in Q3 2014 exceeds prior estimates

Ministry of Finance, November 14, 2014 12:45 PM

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.

Rosetta Programme catapults Hungary to the world’s frontline

Ministry of National Development, November 14, 2014 8:26 AM

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 retain an additional 200 billion forints in the next five years

Ministry of Human Capacities, November 13, 2014 5:16 PM

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 sector employees to receive significant wage increases next year

Ministry of Human Capacities, November 13, 2014 5:14 PM

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.

Ministry supports Hungarian education in neighbouring countries

Ministry of Human Capacities, November 13, 2014 4:28 PM

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.

Private sector behind most new jobs

Ministry of Finance, November 13, 2014 4:18 PM

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's potential significantly contributes to a stronger Europe

Ministry of Foreign Affairs and Trade, November 13, 2014 4:17 PM

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.

The Hungarian - Croatian Joint Committee negotiated also about energy issues

Ministry of Foreign Affairs and Trade, November 13, 2014 11:11 AM

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.

New deposit insurance bill submitted to Parliament

Ministry of Finance, November 13, 2014 10:40 AM

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.

Sándor Fazekas discusses increasing food industry exports in Shanghai

Ministry of Agriculture, November 12, 2014 3:39 PM

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.