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Kazakhstan is Hungary’s strategic partner in Central Asia

Ministry for National Economy, June 3, 2014 10:15 AM

Last year, Kazakhstan was the third largest trading partner of Hungary within the Commonwealth of Independent States, with a total trade volume exceeding USD 261 million and up by 6.5 percent compared to last year. Within the above amount, the value of Hungarian exports was USD 210 million, signalling an increase of 34.3 percent year-on-year, Minister for National Economy Mihály Varga said at the press conference following the fourth session of the Inter-Governmental Committee (IGC) on Hungarian-Kazakh Economic Cooperation.

Areas with the best growth potential must be identified

Ministry for National Economy, June 2, 2014 1:32 PM

Minister for National Economy Mihály Varga, speaking on public broadcaster M1’s Ma reggel and Kossuth Radio’s 180 perc, said that the Government aims to formulate an industrial and economic development programme that identifies sectors upon which EU and domestic funding can be focused.

Foreign ministry profile to be raised

Ministry of Public Administration and Justice, June 2, 2014 12:03 PM

Hungary's foreign ministry, which is to deal with external economic affairs, will raise its profile, the ministry's incoming head, Tibor Navracsics, said in an interview with public radio on Monday.

Exporters had a great start in the new year

Ministry for National Economy, June 2, 2014 11:54 AM

In light of Q1 2014 data, the value of exports to international markets totalled EUR 20.8bn in the observed period. Foreign buyers purchased mainly products of the vehicle manufacturing, machinery manufacturing and food industry.

Top-notch performers at this year’s VeszprémFest again

Ministry of Public Administration and Justice, May 30, 2014 3:50 PM

“Veszprém is a culturally charismatic city, where events are noteworthy all-year-round. Among those, VeszprémFest is a convex lens, which contributes to the strengthening of the city’s fame with world-renowned artists”, said Minister of Public Administration and Justice Tibor Navracsics, parliamentary representative of the city of Veszprém this Friday at a press conference in Budapest where the agenda of the festival held for the 11th time was presented. Between July 15 and 20 Katie Melua, Vaya Con Dios and Youssou N'Dour will perform at the event.

Commemoration and gala on the Day of National Unity

Ministry of Public Administration and Justice, May 30, 2014 3:05 PM

This year, the Day of National Unity will be remembered for the fourth time on the 4th of June; date of the signing of the Treaty of Trianon. The programmes of the national event are built again around the cross-border unity of the Hungarian culture to strengthen the ties between Hungarians living in- and outside of the country. According to the Parliament’s decision, the focus of the day is not on the tragic experience of loss, but rather the reality of the mind-lifting experience of belonging together.

Minister of National Development praises V4 transport cooperation

Ministry of National Development, May 30, 2014 2:26 PM

Transport cooperation between the Visegrád Four countries helps raise the competitiveness of the region, Hungary's Minister for National Development, Zsuzsanna Németh, said in Balatonfüred on Friday.

Automotive Companies Are the Flagships of Hungarian Industry

Ministry of Defence, May 30, 2014 2:22 PM

“You can continue to rely, in all respects, on the government of Hungary and the municipal leaders of Szombathely, and likewise, we continue to rely on you”, Minister of Defence Csaba Hende said during a factory tour held in honor of the German owners of BPW-Hungary Ltd.

Antenna Hungária has been acquired by the State

Ministry of National Development, May 30, 2014 1:08 PM

The transaction whereby NISZ Nemzeti Infokommunikációs Szolgáltató Zártkörűen Működő Részvénytársaság (NISZ) owned by the State of Hungary repurchased the 100% stake of Antenna Hungária Zártkörűen Működő Részvénytársaság (AH) from the French group TDF S.A. (TDF) has now been concluded.

Investment growth hits record high

Ministry for National Economy, May 30, 2014 10:49 AM

In Q1 2014, the volume of investment increased by 22.6 percent year-on-year. Whereas the 15 percent growth in the previous quarter was a ten-year record high, current data show an unprecedented increase. As all major economic sectors have contributed to the steady improvement which has been observed in the past four quarters, it can be concluded that Hungarian economic growth has been placed on a sound footing.

Prime Minister names members of new cabinet

Prime Minister’s Office, May 29, 2014 4:48 PM

Prime Minister Viktor Orbán announced the names of his candidates for ministers of his next government, in a letter sent to Speaker of Parliament Laszlo Kövér.

SZÉP Card: the growth engine of domestic tourism

Ministry for National Economy, May 29, 2014 4:40 PM

The SZÉP Card has recently been the growth engine of domestic tourism, Deputy State Secretary for Tourism Viktória Horváth said at the ninth national conference of the Hungarian Tourism Destination Management Association (TDM) held in the spa city of Hajdúszoboszló.

New Sure Start Children’s Centre Opened

Ministry of Human Resources, May 29, 2014 4:37 PM

Péter Garai, Deputy State Secretary for Social Inclusion of the Ministry of Human Resources, opened the Bódvalenke Sure Start Children’s Centre known as Freskófalu (Fresco Village) on Thursday. The Deputy State Secretary said in his speech that there are currently children’s centres in more than 110 localities throughout the country. Sure Start Children’s Centres are being established in the country’s most disadvantaged regions as well as in disadvantaged localities or districts with large Roma populations.

Investment in Hungary gathered steam in 2013

Ministry for National Economy, May 29, 2014 4:02 PM

As far as investment in Hungary is concerned, post-crisis years had been characterized by diminishing investment volume. This trend was reversed in 2013 when year-on-year growth of 7.2 percent was recorded. Within that, the investment volume of machinery and equipment gained 8.5 percent, while that of the construction sector was up by 5.9 percent. In 2013, business environment also had a favourable impact on the decisions of enterprises: improved lending and the speed-up of the utilization of EU funds have both contributed to the positive U-turn in the propensity of the private sector to invest.

Number of people in employment exceeds 4.1 million in Hungary

Ministry for National Economy, May 29, 2014 1:47 PM

According to the flash report of the Hungarian Central Statistical Office (KSH), positive employment trends are continuing. In the period February-April 2014, the number of those aged 15-74 years in employment increased by 238 thousand, from 3 million 869 thousand one year ago to 4 million 107 thousand. In this period, the number of those in employment was 375 thousand more in comparison to the corresponding period of 2010. Although part of this growth is attributable to the effect of public work programmes and migration, thanks to the Government’s successful employment stimulus schemes, such as the First Job Guarantee Programme, housing subsidy or the programme supporting the creation of SME jobs, the private sector’s share of employment growth is increasing.

Hungary calls on Sudan to drop death sentence of woman charged with apostasy

Ministry of Foreign Affairs, May 29, 2014 10:55 AM

The Ministry of Foreign Affairs of Hungary calls upon Sudan to withdraw a sentence under which a woman charged with apostasy would be executed.

Minister of State Soltész hands over “Family-friendly Workplace” awards

Ministry of Human Resources, May 29, 2014 8:57 AM

State Minister for Social and Family Affairs Miklós Soltész handed over on Wednesday in Budapest “Family-friendly Workplace” awards to 43 institutions and enterprises in four categories. There were over 300 applicants for the awards, which were divided into four categories: government institutions, large, medium and small businesses. Each category had a special prize for one winner while the rest received a plaque denoting their achievement.

Hungarian airports are safe

Ministry of National Development, May 29, 2014 8:55 AM

With immense efforts, Hungary has succeeded in restoring its European prestige in the field of aviation defence, Deputy State Secretary for Transport Zoltán Schváb said at the Professional Training and Scientific Conference of Aviation Defence Officers in Debrecen on 28 May, 2014.

Prime Minister: EPP's election victory should not lead to automatic nominations

Prime Minister’s Office, May 28, 2014 4:04 PM

Leaders of the European Union need to make decisions concerning the next few years of the community before personnel questions are put on the agenda, Prime Minister Viktor Orbán said in Brussels on Tuesday.

The volume of retail sales on the rise for the ninth consecutive month

Ministry for National Economy, May 28, 2014 10:41 AM

Following the eight-year record high registered in February, retail sales were record-breaking again, gaining 8.5 percent in March. This figure is indicating steady and continuous improvement of domestic consumption. The latest data has been the result of lower utility costs, family tax allowance, record-high increase in employment, higher wages in real terms and improving consumer sentiment. As cash machines have recently been connected on-line to the tax authority, it also created more transparency in the economy and thus this measure also contributed to growth.