Ministry for National Economy
News
Number of participants increased by 15 percent at the Hungexpo Industrial Days exhibition
Ministry for National Economy, May 27, 2014 3:02 PM
The exhibition is held at the HUNGEXPO Budapest Fair Center on 27-30 May 2014 with the participation of 12 countries and more than 270 exhibitors.
EXIM Microcredit Card for exporters from the SME sector
Ministry for National Economy, May 22, 2014 4:13 PM
The Ministry for National Economy, in cooperation with Eximbank, is introducing the EXIM Microcredit Card for exporters or suppliers of exports from Hungarian micro-, small- and medium-sized enterprises, Minister for National Economy Mihály Varga announced at a press conference.
Wages in real terms within the private sector increased again by more than 6 percent year-on-year in March
Ministry for National Economy, May 22, 2014 11:47 AM
According to the flash report of the Hungarian Central Statistical Office (KSH), in January-March 2014 average gross and net wages were both up by 6.4 percent year-on-year. Consequently, as consumer prices in this period were practically unchanged, wages grew by 6.4 percent also in real terms. This increase will add to the rebound of household consumption and in turn boost the economy.
Besides being a production centre, Hungary must also become an innovation hub
Ministry for National Economy, May 20, 2014 2:16 PM
The Government will do everything in its power to help Hungary turn into not only a production but an innovation centre, Minister for National Economy Mihály Varga said at the general assembly of the Hungarian Association for Innovation.
Hungarian winners of the 2014 European Enterprise Promotion Awards honoured
Ministry for National Economy, May 16, 2014 2:00 PM
The awards were handed over to the winners of the Hungarian round of the European Enterprise Promotion Awards competition by Minister for National Economy Mihály Varga.
Economic growth reached an eight-year record high
Ministry for National Economy, May 15, 2014 10:36 AM
In Q1 2014, the Hungarian economy posted a significant increase, registering the best GDP growth figure since 2006. According to preliminary data, GDP was up by 3.5 percent year-on-year and 1.1 percent quarter-on-quarter. The data published earlier today are well above analysts’ expectations of 2.7 percent.
Industrial output growth at a three-year record high
Ministry for National Economy, May 14, 2014 11:41 AM
Following an increase of 8.1 percent in March 2014, industrial output was up by 10.6 percent year-on-year in March 2014. This has been the best figure over the past three years. Recently published data are signalling the success of the Government’s active industrial policy which aims to increase the country’s industrial output-to-GDP ratio to the highest level within Europe, Minister of State for Economic Regulation Kristóf Szatmáry said.
Headcount at British Telecom in Hungary reached one thousand
Ministry for National Economy, May 9, 2014 2:07 PM
British Telecom (BT) has come to a milestone as the number of employees at one of the world’s largest telecom services providers reached one thousand in Hungary and the company is planning to continue hiring, the enterprise announced at a press conference in Budapest.
Award for Successful Enterprises presented for the month of April
Ministry for National Economy, May 8, 2014 3:40 PM
Minister for National Economy Mihály Varga presented the “Investor of the Month” award to EPCOS Ltd; while MIRELITE MIRSA Ltd was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to OptoForce Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.
Government measures contributed to growth of domestic consumption
Ministry for National Economy, May 8, 2014 8:21 AM
Domestic consumption growth has been steady and continuous thanks to the confidence of people in Hungarian economic performance. The objective of the Government has been to leave as much money at families as possible and as a result along with retail sales growth the consumer confidence index also reached an eight-year high, Minister of State for Economic Regulation Kristóf Szatmáry said.