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Supporting domestic enterprises improves the competitiveness of the Hungarian economy

Ministry of Finance, February 29, 2016 4:18 PM

Through the new investment promotion programme the Government aims to give additional impetus to successful, large domestic enterprises, Minister for National Economy Mihály Varga said as he announced a project for expanding production capacity at PEMÜ Plc, a manufacturer of special plastics products. The Minister voiced his opinion that steady investment growth is one of the most significant achievements of the Hungarian economy.

If necessary, the Hungarian-Romanian border has to be closed

Cabinet Office of the Prime Minister, February 29, 2016 3:18 PM

On Friday evening, Minister of State for Government Communication Bence Tuzson told public television channel M1 that it is the calm before the storm at Hungary’s southern borders, but the Government has significantly increased the number of military personnel at the Hungarian-Serbian border.

We should have applied restricting measures earlier on in Europe

Government, February 29, 2016 3:12 PM

On Saturday, Chief Security Advisor to the Prime Minister György Bakondi told public television channel M1 that European countries should have applied the restricting measures – which have been recently introduced by Macedonia – against migrants to which they are entitled to in terms of the Schengen regulations from the beginning on in order to protect the external borders.

Hungary among the EU countries most effective in reducing state debt

Ministry of Finance, February 29, 2016 2:46 PM

The policy of reducing state debt is essential for bolstering economic growth, continuing job creation and the improvement of families’ positions, Minister for National Economy Mihály Varga said at a conference on state debt, organized by Hungarian think-tank Századvég in Budapest. Since 2010, Hungary has achieved the largest reduction of state debt, 8.2 percent, and we are the only country with an intact downward trend concerning the general government debt-to-GDP ratio.

There is currently a lot of hypocrisy

Ministry of Foreign Affairs and Trade, February 29, 2016 2:40 PM

German daily Stuttgarter Zeitung published an interview with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó on Monday under the title “There is currently a lot of hypocrisy”.

A great day for Hungarian filmmaking

The Prime Minister, February 29, 2016 2:16 PM

On Monday Prime Minister Viktor Orbán posted the following on his Facebook page: “This is a great day for Hungarian filmmaking. Thank you, everybody”. He was expressing his congratulations after László Nemes’ “Son of Saul” won the Oscar for Best Foreign Language Film in Los Angeles.

OECD published „Going for Growth” study

Ministry of Finance, February 29, 2016 12:48 PM

In the latest issue of “Going for Growth”, presented by the OECD on 26 February in Shanghai, the organization provides an overview of economic policy reforms of member countries and certain selected countries. The report highlights the 1 percentage point reduction of the personal income tax and the reorganization of vocational education in Hungary as major pro-growth measures.

It would be a sin if the military could not be deployed to handle the migrant crisis

Ministry of Defence, February 29, 2016 12:01 PM

According to the Chief of Defence of the Hungarian Defence Forces (HDF), it would be a sin if the military could not be deployed when the police prove to be unable to handle the migrant crisis.

Labour market posted further gains in Hungary

Ministry of Finance, February 29, 2016 11:35 AM

According to the latest report of the Hungarian Central Statistical Office (KSH), the number of people in employment has been above 4 million for the 22nd consecutive month in Hungary. In the period November 2015-January 2016, the number of people aged 15-74 years in employment grew by 113 thousand, to 4 million 240 thousand.

Hungary has been a reliable partner of South Korean companies

Ministry of Finance, February 29, 2016 11:04 AM

Korean investors will continue to be major stakeholders of the Hungarian economy, Minister of National Economy Mihály Varga said in Seoul, following a meeting with leaders of South Korean enterprises.