Ministry for National Economy
News
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.