Government welcomes the decision of the European Court of Justice confirming that the Hungarian retail tax did not constitute discrimination among different forms of retail organisations.
As Hungary currently holds the Rotating Presidency of the Visegrád Group until 30 June, Hungary hosted the traditional tourism summit of the member countries.
The Hungarian Export-Import Bank (Eximbank) extended its export credit refinancing framework program. The related agreement with twelve credit institutions was signed by Minister for National Economy Mihály Varga and Eximbank CEO Roland Nátrán in Budapest.
The overall amount of funding earmarked for trade development tenders aimed at expanding the sales and investment potentials of Hungarian SMEs was doubled to HUF 600 million by the Ministry for National Economy, Minister of State for Economic Regulation Kristóf Szatmáry said at a press conference.
The volume growth of Hungary’s foreign trade has remained on an upward path: in November 2013, exports and imports were up by 6.3 percent and 2.9 percent, respectively, year-on-year. Thanks to the revival of trade activity, foreign trade surplus increased to EUR 825 million, slightly below the two-and-a-half year record of EUR 830 million registered in September 2013.
In the opinion of Minister of State for Taxation and Financial Affairs Gábor Orbán, the Hungarian economy has been set on a sustainable growth path, as the structure of the economy has become sounder and positive trends appear to persist.
The Strategic Partnership Agreement, between the vehicle industry supplier Delphi’s Hungarian group of companies and the Government of Hungary, was signed by Minister for National Economy Mihály Varga and Delphi Hungary Manager Zoltán Jámbor in Budapest.
As Deputy State Secretary for Youth and Sports Norbert Kiss said at a press conference held in the Ministry for National Economy, the Government has spent some HUF 620bn on youth programmes.
The recurrence of deteriorating unemployment situation can only be prevented if young people are capable of gaining competitive knowledge which enables them to cope on the labour market, Minister of State for Employment Sándor Czomba said at a press conference, held in the training workshop of Siemens Hungary Ltd in Budapest, which aimed to popularize dual vocational training.
According to the flash report of the Hungarian Central Statistical Office (KSH) published this morning, employment indicators have continued to improve. In the period October-December 2013, in light of year-on-year data, the upward trend concerning the number of those in employment in place since summer 2010 was unbroken.