Ministry for National Economy
News
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.
Ministerial Commissioner and Minister of State met with businesswomen
Ministry for National Economy, March 19, 2014 9:23 AM
Ministerial Commissioner Piroska Szalai, responsible for the improvement of women’s job prospects, and Minister of State for Economic Regulation Kristóf Szatmáry consulted with businesswomen at an event organized by the Directorate for Social Relationships of Fidesz Hungarian Civic Union to promote cooperation and the discussion of issues of public interest between businesswomen, special interest groups and the Government.
New contracts signed under the Women 40+ Programme
Ministry for National Economy, March 18, 2014 2:01 PM
Three new contracts were signed as part of the Women 40+ Programme, a scheme which assists women to gain the forty years of service required for retirement, Minister of State for Employment Sándor Czomba said at a press conference in Budapest.
Paks power station: instalments to be paid only after tranches are drawn
Ministry for National Economy, March 17, 2014 3:14 PM
Hungary is obliged to start repaying interest incurred on the loan offered by Russia for the expansion of the Paks nuclear power plant only after the country has taken out an amount and for only the amount actually used, Minister of State Gábor Orbán said, adding that the financing terms for the loan facility agreement concluded with the Russian partner are very favourable for Hungary.
More and more new private sector jobs created
Ministry for National Economy, March 17, 2014 11:43 AM
In light of data from the end of February, the number of newly registered, unsubsidized jobs in the private sector increased by 70 percent month-on-month and it was up by some 50 percent year-on-year.
Ministry for National Economy to prepare a programme for promoting electric cars
Ministry for National Economy, March 14, 2014 11:39 AM
The Ministry for National Economy (NGM) plans to increase the number of electric cars in Hungary through tax incentives and support. The package of measures, bearing the name of the world-famous inventor-engineer Ányos Jedlik, is currently being prepared at the Ministry, Minister for National Economy Mihály Varga said at a press conference in Budapest.
Registration for Diploma Rescue Programme begins
Ministry for National Economy, March 13, 2014 2:26 PM
Applicants of the Government-initiated Diploma Rescue Programme can register themselves as of this this week at the official website of OFA (National Employment Public Nonprofit Ltd), and English, German and French language courses are scheduled to be launched as early as the end of April, Minister of State for Employment Sándor Czomba said at a press conference jointly organized by the Ministry for National Economy and OFA.
Visegrád Four hold business management conference in Budapest
Ministry for National Economy, March 12, 2014 4:54 PM
A conference on business management organised by the Visegrád Four grouping was held in Budapest on Wednesday.
Hungary’s industrial output growth expected to continue this year
Ministry for National Economy, March 12, 2014 10:12 AM
Industrial output growth that has been lately observed in Hungary appears to continue in 2014: in January, industrial output increased by 6.1 percent year-on-year, while the sector expanded by 3.1 percent month-on-month. The favourable performance has continued to be mainly driven by the vehicle manufacturing sector, but related supplier divisions also meaningfully contributed to the result.
EU calls for tenders to be announced in autumn
Ministry for National Economy, March 11, 2014 2:52 PM
Hungary submitted a Partnership Agreement providing the framework for the utilization of EU resources in 2014-2020 to the European Commission, and calls for tenders are expected to be published as of this autumn, Minister of State Zoltán Cséfalvay said at a press conference.
Hungarian exports expected to increase by 2-2.4 percent this year
Ministry for National Economy, March 10, 2014 3:58 PM
Minister for National Economy Mihály Varga said a press conference in Budapest that Hungary’s foreign trade surplus is estimated to total EUR 7bn and exports to gain 2-2.4 percent this year.
“Award for Successful Enterprises” presented for the month of February
Ministry for National Economy, March 7, 2014 1:24 PM
Minister for National Economy Mihály Varga presented the “Investor of the Month” award to Infineon Technologies Cegléd Ltd; while Digiterm Ltd was awarded the “SME of the Month” title, and in the category of “Start-up of the Month” the Minister handed the award to the Distinction Ltd in a ceremony held in the building of the Ministry for National Economy in Budapest.
Government launches programme in Central Hungary to help young people become entrepreneurs
Ministry for National Economy, March 7, 2014 10:34 AM
The Government set up a HUF 830 million programme aiming to assist young people to become entrepreneurs in the Central Hungary region. At the opening ceremony of the programme, Minister of State for Employment Sándor Czomba said that over the past years the Government has launched a number of specialized youth employment programmes.
February data of the state budget in line with prior expectations
Ministry for National Economy, March 6, 2014 4:00 PM
In January and February 2014, the fiscal processes of the state budget were in line with the Government’s prior expectations. The central sub sector of the state budget posted a deficit of HUF 483.3bn in the initial two months of 2014.
Forint exchange rate is optimal when it facilitates stable economic growth
Ministry for National Economy, March 6, 2014 1:31 PM
Speaking at the Portfolio.hu Forint 2014 conference in Budapest, Minister for National Economy Mihály Varga said that the forint exchange rate can be considered optimal whenever it facilitates stable economic growth in Hungary. The Minister added that the Government has not set any specific exchange rate target.
Practical vocational training makes an economy more competitive
Ministry for National Economy, March 6, 2014 8:50 AM
Legal and financial conditions required for dual education are given in Hungary, and these are crucial because practical vocational training can make an economy more competitive, Minister of State Zoltán Cséfalvay said at a press conference held at the Budapest headquarters of Siemens Hungary. The event took place after the signing of a Memorandum of Understanding (MoU) on dual education by Zoltán Cséfalvay and President and CEO of Siemens Hungary Dale A. Martin.