Ministry for National Economy
News
Next year’s budget is a budget of progress
Ministry for National Economy, December 17, 2013 2:44 PM
According to Minister for National economy Mihály Varga who spoke at a press conference held after the Budget had been adopted by Hungary’s Parliament, the 2014 budget is a budget of progress as it will facilitate growth.
EIB credit facility of altogether EUR 150 million secured
Ministry for National Economy, December 16, 2013 9:28 AM
The European Investment Bank (EIB) provides a credit facility of EUR 50 million and EUR 100 million for the State of Hungary and the Hungarian Export-Import Bank Ltd. (Eximbank), respectively, for the modernization of state administration and for supporting export activities of Hungarian SMEs.
Hungarian industrial performance among the best in the European Union
Ministry for National Economy, December 16, 2013 9:26 AM
In October 2013, industrial output increased by 6 percent in comparison to the corresponding period of the previous year, and thus Hungary achieved the third largest increase within the EU.
HANtech Ltd completes investment project of HUF 240 million
Ministry for National Economy, December 12, 2013 3:27 PM
HANtech Ltd of Csorna, a producer of agricultural machinery and equipment, finalized a technological investment project valued at HUF 240 million, for which the company had obtained state funding of more than HUF 80 million.
Economic growth is not restricted only to some sectors
Ministry for National Economy, December 12, 2013 3:20 PM
Having decreased general government deficit has not stifled economic growth in Hungary, as an adequate economic policy mix had been applied. Thanks to this, the recent pick-up of the Hungarian economy has been broad-based and not limited only to a few sectors, Deputy State Secretary for the Budget Péter Benő Banai said at a press conference in Budapest.
Johnson Electric is expanding output capacity in Ózd
Ministry for National Economy, December 11, 2013 9:44 AM
Within the framework of an investment project valued at more than HUF 320 million, Johnson Electric Ózd Ltd has boosted the production capacity of car industry components.
The Visegrád Four adopted a joint statement on enhanced collaboration within the European Research Area
Ministry for National Economy, December 10, 2013 9:40 AM
The four countries’ ministers responsible for research, development and innovation signed a joint statement on enhanced collaboration among the Visegrád countries within the ERA after a session of coordination, organized by the Hungarian presidency, was completed in Budapest.
The Hungarian state drew EUR 34.1 million as extra funding from the transaction of Richter exchangeable bonds
Ministry for National Economy, December 9, 2013 5:08 PM
At the joint press conference organized by the Ministry for National Economy, the Hungarian National Asset Management Inc. and Gedeon Richter Plc., Minister of State for Taxation and Financial Affairs Gábor Orbán said that through the assistance of the Hungarian National Asset Management Inc. the Government repurchased all outstanding Richter exchangeable bonds with nominal value of EUR 833.3 million due 2014 and the Asset Management Inc. concurrently issued new Richter bonds due 2019 exchangeable into the company’s shares, totalling EUR 903.8 million.
General government surplus HUF 11.3bn in November
Ministry for National Economy, December 9, 2013 4:00 PM
In the month of November 2013, the central sub sector of the state budget registered a monthly surplus of HUF 11.3bn. The end-of-November cash flow data on the general government budget are in line with the Government’s expectations. Revenues and expenditures projected for this month and next confirm that the deficit target of below 3 percent for the entire year will be achieved.
MoU on new Frauenhofer project centre signed in Berlin
Ministry for National Economy, December 7, 2013 7:57 AM
In Berlin, a Memorandum of Understanding on establishing a new project centre in Hungary was signed by the largest European applied research institution, the Germany-based Frauenhofer Institute for Open Communications (FOKUS), the Budapest University of Technology and Economics as well as representatives of the governments of the two countries.