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Spending freeze a precautionary measure, Prime Minister says

The Prime Minister, July 18, 2014 2:36 PM

The 110 billion forint (EUR 354 million) spending freeze announced on Thursday is a precautionary measure, Prime Minister Viktor Orbán said in a radio interview today.

Five-fold increase recorded in Turkish-Hungarian bilateral trade volume

Ministry of Finance, July 18, 2014 12:50 PM

“No road is long with good company,” Minister for National Economy quoted the Turkish proverb at a Hungarian-Turkish Business Forum organized to commemorate the month of Ramadan. At the event, the Minister presented awards honouring the most successful members and partners in 2013 of Aktiv, an association of Hungarian and Turkish businesspeople.

Ministry of Foreign Affairs and Trade in touch with Dutch authorities over Malaysian plane crash

Ministry of Foreign Affairs and Trade, July 18, 2014 12:42 PM

The Hungarian Ministry of Foreign Affairs and Trade is keeping in constant touch with the Dutch authorities in connection with the downed Malaysian passenger plane in Ukraine, the ministry's spokeswoman Anna Nagy stated on Friday.

Wages in real terms increased by 5 percent in May

Ministry of Finance, July 18, 2014 12:08 PM

According to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning, wages in real terms continued to increase. In January-May 2014, the average gross wage of full-time employees was up by 2.9 percent year-on-year.

Prime Minister: Downing of Malaysian airliner requires thorough investigation

The Prime Minister, July 18, 2014 11:48 AM

The "unusual, rare and shocking" downing of the Malaysian passenger jet over the eastern part of Ukraine requires a thorough investigation, Prime Minister Orbán said in a radio interview on Friday.

Prime Minister Orbán presents award to Prince Alwaleed Bin Talal Bin Abdulaziz al Saud

The Prime Minister, July 18, 2014 11:34 AM

Prime Minister Viktor Orbán presented His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz of Saudi Arabia with the Commander’s Cross of Hungary's Order of Merit on Thursday in Budapest.

State Secretary Szijjártó: financial stability and predictability are crucial

Ministry of Foreign Affairs and Trade, July 17, 2014 5:29 PM

The government pledges to continue reducing the sovereign debt and to maintain a strict fiscal policy for financial stability and predictability, parliamentary state secretary to the Ministry for Foreign Affairs and Trade Péter Szijjártó claimed on Thursday in Budapest.

New equal opportunities programmes for over three thousand settlements

Ministry of Human Capacities, July 17, 2014 5:18 PM

New, local equal opportunities programmes have been developed for more than three thousand settlements, Minister of State for Social Affairs and Inclusion Károly Czibere, from the Ministry of Human Resources announced at a press conference in Budapest on Thursday.

Chamber of Commerce and Industry supports dual higher education

Ministry of Human Capacities, July 17, 2014 4:40 PM

The Hungarian economy needs graduates with competitive and applicable knowledge, and accordingly the Hungarian Chamber of Commerce and Industry (MKIK) supports the introduction of a dual higher education system, MKIK President László Parragh said at press conference in Budapest on Thursday.

Government to safeguard budget by cutting public administration costs

Ministry of Finance, July 17, 2014 3:57 PM

In order to ensure the 2.9 percent budget deficit target for the year, the Government has decided to cut state spending by some HUF 110bn. The central government lowers its own costs to ensure that the deficit is kept at the desired level. The proposed measures will not affect families, private households, enterprises or local governments.