Ministry for National Economy
News
Record amount of grant money spent in 2013 for R+D
Ministry for National Economy, January 21, 2014 5:54 PM
A record 118 billion forints (EUR 390m) in grant money was paid out for Research and Development in Hungary last year, Minister of State Zoltán Cséfalvay said at a press conference on Tuesday.
Real wages increased by 4.8 percent in November
Ministry for National Economy, January 21, 2014 3:21 PM
Real earnings increased by 4.8 percent in November, representing a continuation of the sustained increase in the purchasing power of salaries. In addition, the number of people in employment within the private sector at enterprises who employ 5 or more people increased by over 20 thousand in the space of a single year.
Government considers SMEs strategic partners
Ministry for National Economy, January 20, 2014 4:59 PM
The Government considers small and medium-sized enterprises strategic partners and is designing its plans in a way to boost employment and economic growth around SMEs, Minister of State for Economic Regulation Kristóf Szatmáry said on Monday.
Forum on supporting the career of women in science
Ministry for National Economy, January 16, 2014 4:39 PM
Issues such as supporting the career of women in the fields of science and stimulating the researcher career of girls were discussed at a round table conference organized by the Ministry for National Economy, the National Innovation Office and the Association of Hungarian Women in Science.
Mihály Varga: Hungary aims to broker the best financial deal possible
Ministry for National Economy, January 16, 2014 1:47 PM
The Government aspires to conclude a financial agreement which is the most favourable for the country: negotiations on financial issues regarding the construction of the two new nuclear blocks for the Paks power plant are still ongoing, Minister for National Economy Mihály Varga said on Magyarország élőben (Hungary live) programme of HírTV.
Social consultations launched for the INTERREG EUROPE programme
Ministry for National Economy, January 16, 2014 10:45 AM
Social consultations have been launched for discussing the INTERREG EUROPE programme, one of the inter-regional partnership programmes for the period 2014-2020.
Record low inflation in December
Ministry for National Economy, January 16, 2014 10:07 AM
Consumer prices were on average 0.4 percent higher in December year-on-year, while for the entire year of 2013 the inflation rate was 1.7 percent. In the last month of the previous year, consumer prices continued to decrease: the Hungarian Central Statistical Office (KSH) even published data over the past half a year indicating that inflation hit new record lows month after month. The prices of goods which the inflation basket for pensioners contains also declined, which is an unprecedented phenomenon hitherto.
Hungary’s industrial output increases steadily
Ministry for National Economy, January 14, 2014 2:11 PM
The stable upward trend of Hungarian industrial output growth continued in November 2013. Industrial output was up by 3.5 percent in comparison to the corresponding period of 2012, and workday-adjusted data show an even more significant growth of 5.8 percent.
Castle of Eger development project launched
Ministry for National Economy, January 14, 2014 10:31 AM
A development project valued at HUF 2bn for the renovation of the castle of Eger has begun, Deputy State Secretary for Tourism Viktória Horváth said on visiting the sites of the multifaceted programme.
A new era begins for consumer protection
Ministry for National Economy, January 13, 2014 4:37 PM
Over the past four years, consumer protection has undergone a profound change. One of the proofs confirming this is the fact that the protection of consumer rights has been incorporated into the basic law of Hungary, Minister of State for Economic Regulation Kristóf Szatmáry said at a press conference in Budapest.
Settlements in Komárom-Esztergom County to be Relieved of HUF 20 billion debts this year
Ministry for National Economy, January 9, 2014 4:58 PM
After the consolidation of over one billion forints implemented last year, the Government is to settle the remaining debts of Oroszlány, amounting to ca. 900 million forints, Minister of National Development Zsuzsa Németh announced in Oroszlány on 9 January, 2014.
A new period of growth to begin this year
Ministry for National Economy, January 9, 2014 2:31 PM
In the opinion of the Minister for National Economy Mihály Varga, an expansionary period is taking shape within the Hungarian economy and during this time the Government counts on enterprises which are capable of underpinning growth.
The below 3 percent deficit target for 2013 to be achieved
Ministry for National Economy, January 8, 2014 4:00 PM
The central sub sector of the state budget posted a preliminary deficit of HUF 929.2bn for the year 2013. At the end of December, cash-flow data of the central sub sector of the budget turned out to be even more favourable than the Government’s expectations. Preliminary cash-flow figures for revenues and expenditures of the year 2013 confirm that the below 3 percent deficit target calculated in accordance with EU methodology will be met.
Stimulating growth to replace consolidation policy
Ministry for National Economy, January 7, 2014 2:23 PM
The recently completed taking over of the debt of local governments marks a shift from a period of consolidation to that of stimulating growth, Minister for National Economy Mihály Varga said at a press conference in Kecskemét.
Mihály Varga received the former Prime Minister of Saxony Georg Milbradt
Ministry for National Economy, January 7, 2014 11:01 AM
Minister for National Economy Mihály Varga and former Prime Minister and Finance Minister of Saxony discussed the stance of Germany and Hungary regarding the EU’s economic policy. The German professor was also received by Prime Minister Viktor Orbán.
Number of people earning a living by work above the 4 million mark
Ministry for National Economy, January 7, 2014 9:44 AM
According to the flash report of the Hungarian Central Statistical Office (KSH), in September-November 2013 the number of people in employment exceeded 4 million. The new record high figure is 4 million 12 thousand, an increase of 2.2 percent or 87 thousand people year-on-year.
Number of women in employment exceeds 1.8 million
Ministry for National Economy, January 6, 2014 4:32 PM
As Ministerial Commissioner Piroska Szalai said, who is responsible for improving the labour prospects of women, it is an outstanding achievement that the number of women in employment has been steadily above 1.8 million for the fourth consecutive month which constitutes an employment rate of 53 percent. In November, of women aged 15-64 years, 1 825 thousand had a job, the best monthly figure ever recorded by the Hungarian Central Statistical Office (KSH).
Fiscal headline figures for 2013 better than anticipated
Ministry for National Economy, January 6, 2014 3:35 PM
The deficit of the state budget for 2013 will be HUF 929.2bn, much more favourable than formerly expected and HUF 200bn below the figure projected in the Budget Bill. Consequently, the deficit-to-GDP ratio may be 2.7 percent or even as low as 2.3 percent, Minister for National Economy Mihály Varga said at a press conference.
The Hungarian economy achieved significant results in 2013
Ministry for National Economy, December 30, 2013 3:19 PM
Despite of the continuing financial crisis and plummeting economic indices in Europe, the Hungarian economy showed significant growth compared to both recent years and other EU economies.
Agreement signed on next year’s minimum wages
Ministry for National Economy, December 20, 2013 1:36 PM
Minister for National Economy Mihály Varga and representatives of employer and employee advocacy groups signed an agreement on minimum wages for the coming year.
Hungarian tourism turnover steadily increasing
Ministry for National Economy, December 19, 2013 5:15 PM
In the Hungarian Parliament Building, Minister of National Economy Mihály Varga presented the 25th Pro Turismo Honour Awards, the most highly regarded award of the Hungarian tourism sector, to tourism experts who act as role models for other professionals through high-quality work and services.
200 thousand people are expected to participate in the winter phase of the public work scheme
Ministry for National Economy, December 19, 2013 3:33 PM
Minister of State for Employment Sándor Czomba stated at a press conference in Bácsalmás, Békés County, he considers it a crucial objective that people who cannot find work on the labour market will earn a net monthly income of some HUF 50 thousand instead of a welfare benefit of HUF 22 800 during the winter, because as of 1 January 2014 the net wage of a public work employee will increase by 2.4 percent to HUF 50 600.
Real wage growth exceeds 6 percent in October
Ministry for National Economy, December 19, 2013 10:35 AM
In October, wages in real terms increased by 6.2 percent, and thus this was the tenth consecutive month when the purchasing power of wages increased.
Lower tax liabilities for 270 thousand families
Ministry for National Economy, December 18, 2013 12:41 PM
According to the calculation of the Ministry for National Economy, the extension of the family tax allowance system will leave some HUF 50bn more at 270 thousand households, and thus the Hungarian family-friendly taxation system will support even more families with children, Minister of State for Taxation and Financial Affairs Gábor Orbán said at a press conference in Budapest.
Inflation-indexed wage rises for public work employees
Ministry for National Economy, December 17, 2013 3:53 PM
As of January, the Government increases public work wages by 2.4 percent, the expected rate of inflation for next year, Minister of State for Employment Sándor Czomba said at a press conference in Budapest.