Ministry for National Economy
News
Bridgestone to triple production capacity in Tatabánya
Ministry for National Economy, October 24, 2012 9:49 AM
Bridgestone of Japan, the world number one rubber tire producer for motor vehicles, will triple its production capacity at the Tatabánya plant by creating 505 new jobs.
Minister Matolcsy met with Austrian and Bavarian Finance Ministers in Vienna
Ministry for National Economy, October 18, 2012 5:10 PM
At the invitation of Finance Minister of Austria Maria Fekter, on 18 October 2012 Minister for National Economy György Matolcsy met with Finance Minister of Bavaria Markus Söder in Vienna.
Gross average wages increased in August by 6.6 percent in the private sector
Ministry for National Economy, October 18, 2012 4:58 PM
In August 2012 gross average wages in the private sector were up by 6.6 percent, while net wages excluding family tax allowances increased by 3.6 percent in comparison to the same period of the previous year – the statistical release of the Hungarian Central Statistical Office (KSH) reported earlier today.
EDP progress report (18 october 2012)
Ministry for National Economy, October 18, 2012 11:41 AM
Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.
The Hungarian Government announces a new set of fiscal measures
Ministry for National Economy, October 17, 2012 7:23 PM
Although the Hungarian Government, along with leading financial analysts, forecasted that the fiscal adjustment measures announced earlier in October would be sufficient to meet the 2013 budget targets, the Government has decided to complement those measures with a further adjustment package worth 367 billion forints (EUR 1.3bn) in 2013, thus avoiding any new steps in the Excessive Deficit Procedure against the country, Economy Minister György Matolcsy told a press conference on 17 October.
Minister of State Cséfalvay on the Hungarian economy and talks with the IMF
Ministry for National Economy, October 16, 2012 6:16 PM
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone and which has created large-scale uncertainty for each participant. According to his argument, this is the reason why Hungary needs the EU/IMF agreement which will be concluded “some time later on”, but “as soon as possible”.
Excellent Hungarian results at the European Skills Competition
Ministry for National Economy, October 11, 2012 4:43 PM
At the weekend the European Skills Competition for young skilled workers was held in Spa-Francorchamps in Belgium (EuroSkills 2012). At the event organized by the Hungarian Chamber of Commerce and Industry (MKIK) the Hungarian team has achieved its best ever result by winning 5 gold, 1 silver and 5 bronze medals. This excellent performance placed Hungary as the fifth most successful among the 24 participating countries.
Minister of State Cséfalvay spoke about the importance of financial stability in Brussels
Ministry for National Economy, October 11, 2012 4:11 PM
Minister of State Zoltán Cséfalvay of the Ministry for National Economy identified financial stability as a precondition of growth on Thursday at a conference on the European situation held in Brussels which was organized by Friends of Europe, an independent think tank.
Budget surplus of 13.7 billion forints registered in September
Ministry for National Economy, October 9, 2012 11:16 AM
In the month of September 2012 the central sub sector of the state budget registered a surplus of 13.7bn HUF. In comparison, in September 2011 the central sub sector of the state budget registered a deficit of 26 bn HUF.
EDP progress report (2012 october)
Ministry for National Economy, October 5, 2012 1:16 PM
Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.
Government to launch national innovation strategy consultation
Ministry for National Economy, October 4, 2012 2:26 PM
The Government will launch a national consultation process with regard to its long term innovation strategy until 2020 at the end of the month – Minister of State for Economic Strategy at the Ministry for National Economy Zoltán Cséfalvay announced on Thursday at a Swedish-Hungarian innovation forum in Budapest.
Direct flights necessary to boost Chinese tourism traffic in Hungary
Ministry for National Economy, October 3, 2012 11:52 AM
Minister for National Economy György Matolcsy spoke at the conference titled Chinese-Hungarian Trade Relations Today, stating that cooperation between Hungary and China has been increasingly promising and a strong economic bridge has been built between the two countries. Chinese investments total almost 2.5 billion USD in Hungary. According to the Minister, the latest Wanhua project at Kazincbarcika may be followed by further six to eight significant investments.
External trade turnover continued to increase in July
Ministry for National Economy, October 2, 2012 10:41 AM
In July 2012 exports and imports increased by 5.6 percent and 4.8 percent, respectively, compared to the corresponding period of 2011.
Employment rate above pre-crisis levels
Ministry for National Economy, September 28, 2012 2:14 PM
In the period of June-August 2012 the rate of employment increased to 51.1 percent which is a multi-year record and above pre-crisis levels – the Hungarian Central Statistical Office (KSH) has reported in its latest release.
New Stadler investment in Szolnok: 3.5 billion forints and 230 new jobs
Ministry for National Economy, September 26, 2012 4:13 PM
The Switzerland-based Stadler Rail Group, the rail vehicle manufacturer, held a ceremony for laying the foundation stone for its new Szolnok project earlier today.
The state of the central sub sector of the state budget in August 2012
Ministry for National Economy, September 24, 2012 3:37 PM
Key data of the central sub sector of the state budget in August 2012.
Retail sales of food, beverages and tobacco products increased in the initial seven months of the year
Ministry for National Economy, September 24, 2012 12:47 PM
In the initial seven months of 2012 sales of food, beverages and tobacco products increased by 0.2 percent on an annualized basis. In the seventh month of the year, after growth in the previous month, this retail sub sector however recorded a turnover decline of 2.4 percent compared to the corresponding period of the previous year.
Performance of Hungarian tourism industry at its best in years
Ministry for National Economy, September 21, 2012 2:45 PM
Minister of State for Economic Regulation at the Ministry for National Economy Kristóf Szatmáry, at a joint press conference with the Hungarian Tourism Ltd. and the Hungarian Hotel and Restaurant Association said that government measures introduced in the past two-and-a-half years have yielded results as data for the initial seven months of the year indicate tourist traffic has reached an all-time high. The almost 12 million tourist nights recorded at Hungarian commercial accommodations between January and July surpass both pre-crisis and post-crisis levels.
Consultations on the Job Protection Action Plan concluded
Ministry for National Economy, September 20, 2012 5:09 PM
After having considered proposals made during expert negotiations, the State Audit Office of Hungary and the Fiscal Council tabled amendments regarding the Job Protection Action Plan and the bill on the itemized tax for enterprises with a small tax base and small enterprise tax. The submitted proposals have been approved by the Council and thus the National Assembly can vote on the amendments.
Proposal to waive social contributions after every worker under the age of 25 for the first two years of employment
Ministry for National Economy, September 19, 2012 3:39 PM
The Ministry of National Economy proposed to waive social contributions after every worker under the age of 25, Deputy State Secretary Sándor Czomba in charge of employment policy said on Wednesday.
Gross average wages in the private sector increased by 9.2 percent in July
Ministry for National Economy, September 18, 2012 10:45 AM
Gross average wages in the private sector increased by 9.2 percent in July 2012, whereas net wages excluding family tax allowances were up by 6.2 percent compared to the corresponding period of the previous year – the Hungarian Central Statistical Office (KSH) reported earlier today in a statistical release.
Opening to the East in external trade is reasonable
Ministry for National Economy, September 13, 2012 2:23 PM
Opening to the East is reasonable regarding the external trade of Hungary, as the growth engine of the global economy is already outside Europe, Deputy State Secretary for External Economic Relations Balázs Hidvéghi said at the joint conference of the economic daily Világgazdaság and the Hungarian Foreign Trade Association, on Thursday in Budapest.
Government job scheme combines tax breaks with specific targets, says Matolcsy
Ministry for National Economy, September 12, 2012 9:52 AM
The government's job protection scheme costing the budget 300 billion forints (EUR 105m) in 2013 is expected to protect 1.5 million jobs and create several hundred thousand more, Economy Minister György Matolcsy said on Tuesday.
GDP data in line with expectations
Ministry for National Economy, September 7, 2012 3:01 PM
In the second quarter of 2012 Hungary’s GDP – matching almost exactly prior expectations – decreased by 1.3 percent compared to the same period of the previous year. Several countries in the EU have similar trends, Italy and Portugal have been in deep recession, while the economy of our regional peer, the Czech Republic, contracted by more than 1 percent according to preliminary data.
Hungary in the competitiveness ranking of the World Economic Forum (WEF)
Ministry for National Economy, September 5, 2012 3:31 PM
The change of Hungary’s place in the category evaluating macroeconomic environment, in the competitiveness ranking of the World Economic Forum aptly demonstrates that although the financial consolidation process of the past two years was painful but a success nonetheless.