As in the 28 member states of the European Union average industrial output growth did not reach even 2 percent in the observed period, in the month of February 2015, the more than 11 percent growth in Hungary far exceeded the level in Europe, Minister of State for Economic Regulation Béla Glattfelder said at the inauguration of an enlarged production facility of Bourns Ltd in Ajka.
In accordance with the Memorandum of Understanding concluded with the EBRD, the amendment proposing the lowering of bank tax in Hungary is scheduled to be submitted to Parliament next week, as the Cabinet has reached a common stance, Minister of State for Taxation and Financial Affairs Gábor Orbán said at a conference organized by Portfolio.hu in Budapest.
At a CIS Business Club event in Budapest, Parliamentary State Secretary László Szabó said that the European Union embargo against Russia is causing great losses to Hungary – as is the Russian response.
Minister of Foreign Affairs and Trade Péter Szijjártó and his Czech counterpart Lubomír Zaorálek have emphasised that the Hungarian and Czech economies are well matched, the trend of bilateral trade is showing dynamic growth and the conditions for development of cooperation are outstanding.
Press Chief of the Prime Minister’s Office Bertalan Havasi informed kormany.hu that Prime Minister Viktor Orbán held talks with Qatari Minister of Economy and Trade Mohammed Al Thani on Thursday.
Challenges of the world, including terrorism, are on the rise. The Islamic State poses a threat to the whole civilised world; it can only be combatted successfully through joint efforts and by improving the effectiveness of the UN, Minister of Foreign Affairs and Trade said at a UN conference held in Budapest.
At a retrospective conference jointly organised by Veritas Research Institute and the Office of the National Assembly, Prime Minister Viktor Orbán said that the task and the crucial issue of the coming three years will be the consolidation of a civic Hungary which was dreamt of 25 years ago.
Following talks with Czech Minister of Foreign Affairs Lubomír Zaorálek in Prague, Minister of Foreign Affairs and Trade Péter Szijjártó declared that, in relation to the Ukrainian crisis, Hungary will adhere to the common EU position in opposition to Russia.
In the EU development period of until 2020 the Hungarian Government puts greater than ever focus on consolidating the entrepreneurial sector, for which the inauguration of the Trading Office in New York will open a new gate in the United States, Minister of National Development Miklós Seszták pointed out at the inauguration ceremony of the first Hungarian Trading House in North America at the Consulate General of Hungary in New York on Tuesday.
Hungary’s economic outlook for 2015 has improved substantially: the economy is expected to grow this year by more than 3 percent and as a consequence the Government has revised its growth prognosis for the current year from 2.5 percent to 3.1 percent, Minister for National Economy Mihály Varga stated at the general meeting of SwissCham Hungary.