Ministry for National Economy

Mihály Varga

Minister for National Economy

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Domestic consumption growth also boosts Hungarian enterprises

Ministry for National Economy, March 27, 2014 11:29 AM

The Government policy aiming to leave as much money as possible at people has been effective, Minister of State for Economic Regulation Kristóf Szatmáry said at a session of the Hungarian Association of Craftsmen’s Corporations.

Export refinancing credit programme increased to EUR 1bn

Ministry for National Economy, March 26, 2014 3:36 PM

The total fund of Eximbank’s export refinancing credit programme (EHP) was increased from EUR 750 million to EUR 1bn and if required this amount can be even higher, Minister for National Economy Mihály Varga said in Budapest.

New electric car charging column installed in Budapest

Ministry for National Economy, March 25, 2014 4:08 PM

The Ányos Jedlik Programme, which is currently being prepared at the Ministry for National Economy, essentially aims to ready the country for the expected technical revolution to take place in transportation, such as electro-mobility, Minister of State for Economic Regulation Kristóf Szatmáry said as a new electric car charging column was presented in Budapest.

Master Good to increase headcount by 800

Ministry for National Economy, March 24, 2014 11:47 AM

Master Good Ltd, a company of more than 1200 employees which hatches, raises and processes poultry, will in the coming four years hire 800 new employees, representatives of the corporation and Minister of State for Employment Sándor Czomba said at a joint press conference at the company’s headquarters in Kisvárda.

Strategic Partnership Agreement concluded with Servier Hungary Ltd

Ministry for National Economy, March 21, 2014 1:08 PM

The Government concluded a Strategic Partnership Agreement with the French pharmaceutical company Servier Hungary which was signed by Minister for National Economy Mihály Varga and Servier CEO Michel Eschenbrenner at the company’s pharmaceutical chemistry research facility in Budapest.

Government aims to keep the number of people in employment above 4 million

Ministry for National Economy, March 21, 2014 11:11 AM

It is a key objective of the Government to keep the number of people in employment above the 4 million mark and to achieve an unemployment rate of below 4 percent, Minister of State for Employment Sándor Czomba said at the opening ceremony of a recently purchased production hall of Parafix Hungária Kft in Budapest.

Private sector wages in real terms up by 6 percent in January

Ministry for National Economy, March 21, 2014 9:49 AM

In the first month of the year, wages in real terms – excluding the effect of the public work programme -- increased by 6 percent, thus the compelling real wage growth that began in 2013 has continued. The latest wage increase underpins household consumption and consequently fuels economic expansion.

The „workfare instead of welfare” concept is effective

Ministry for National Economy, March 20, 2014 2:42 PM

Experiences show that the “workfare instead of welfare” concept has been working, Minister of State for Employment Sándor Czomba and Fidesz Communications Chief and Mayor of Eighth District of Budapest Máté Kocsis stressed at a joint press conference on employment held in Budapest.

Government to provide funding of HUF 140bn for start-ups

Ministry for National Economy, March 20, 2014 9:28 AM

The Government is planning to assist the development of start-ups with HUF 140bn of EU resources, of which the larger part, some HUF 110bn, will be provided in the form of financial instruments, Minister of State Zoltán Cséfalvay said at a professional conference in Budapest.

The foundation stone laid down for Binder Ltd.’s new production hall

Ministry for National Economy, March 19, 2014 3:14 PM

Minister of State for Employment Sándor Czomba, MP Péter Ágh (Fidesz-KDNP) and Hermann Binder, owner of the company, laid down the foundation stone of the latest, 2250sqm production facility of Binder Ltd in Csönge, Vas County.