Ministry for National Economy
News
One hundred thousand people embarked on learning courses in the winter phase of the public work programme
Ministry for National Economy, December 6, 2013 3:46 PM
At the beginning of December, the transitory winter scheme of the Government’s public work programme engaged one hundred thousand people in learning courses, which figure is expected to increase to 200 thousand on average until 31 March 2014, Minister of State for Employment Sándor Czomba said at a press conference in Budapest.
Investing in Hungary is worth it
Ministry for National Economy, December 6, 2013 11:26 AM
On visiting the Budapest Stock Exchange to celebrate the launching of the Xetra trading system, Minister for National Economy Mihály Varga said that as parallel to the economic rebound the profit outlook is also improving it is worth investing in the Hungarian economy.
Zoltán Cséfalvay: start-ups are the future!
Ministry for National Economy, December 6, 2013 10:01 AM
Minister of State for Parliament and Economic Strategy Zoltán Cséfalvay stated at a conference organized by economic news website Napi.hu that start-ups will be the catalysts of economic growth.
Concluding partnership agreements was a good Government decision
Ministry for National Economy, December 6, 2013 9:36 AM
Last year’s Government decision which elevated partnership between the Government and large companies operating in Hungary to a new level was right, Mihály Varga stated at the ceremony for signing a Strategic Partnership Agreement between Scheider Electric and the Government of Hungary at the French company’s logistics centre in Szigetszentmiklós.
Inflation for the whole year expected to remain below 2 percent
Ministry for National Economy, December 5, 2013 2:13 PM
It has been 38 years since the inflation rate was this low, as consumer price increase for the entire year will be below 2 percent. According to the prognosis of the Ministry for National Economy, inflation will also remain benign in the coming years, Minister of State for Taxation Gábor Orbán said at a press conference.
10 percent of EU funds to be allocated to R&D
Ministry for National Economy, December 5, 2013 12:15 PM
In 2014-2020, 10 percent or some HUF 700bn of EU funding will be directly devoted to research and development, Minister of State Zoltán Cséfalvay said at the innovation conference of the Hungarian Chamber of Commerce and Industry in Budapest.
2013: the year of positive U-turn for Hungary
Ministry for National Economy, December 5, 2013 11:01 AM
This year was the year of trend reversal for the Hungarian economy: while at the beginning of the year the economy was still mired in recession, the third quarter brought growth above prior expectations and this gives reason to be optimistic with regard to 2014, Minister for National Economy Mihály Varga said in a speech marking the year-end session of Hungary’s Joint Venture Association held at the KOGART House.
Mihály Varga hopes to see more rate cuts
Ministry for National Economy, December 4, 2013 11:15 AM
The Minister for National Economy Mihály Varga said at a presentation held at the Óbuda University, he hopes that “there will be room for more rate cuts; it is a possibility given the historic low level of inflation.”
Hungarian economic growth of 1.8 percent beats preliminary figure
Ministry for National Economy, December 4, 2013 11:14 AM
In the third quarter of 2013, according to unadjusted data Hungary’s year-on-year GDP growth was 1.8 percent, higher than the preliminary figure, while GDP was up by 1.6 percent on the basis of data adjusted for seasonal and calendar effects. Quarter-on-quarter, GDP increased by 0.9 percent. Thanks to the Government’s economic policy, the Hungarian economy has entered a steady growth path.
Retail sales up by 2.5 percent
Ministry for National Economy, December 4, 2013 10:39 AM
The upward trend of retail sales growth, in place for several months, continued in October, as the sector expanded by 2.5 percent year-on-year. Besides the increase, which was the highest in six months, over the past period some other outstanding results were achieved such as constantly rebounding foreign trade, growing investment, GDP growth of 1.7 percent in the third quarter, better-than-expected industrial and construction sector data as well as record-breaking employment figures.