Ministry for National Economy
News
Austrian companies get to know Hungarian investment opportunities
Ministry for National Economy, November 22, 2013 1:06 PM
Deputy State Secretary for External Economic Relations Antal Nikoletti outlined the economic policy strategy of the Hungarian Government and its recent achievements at the Austrian-Hungarian Economic Forum held in the building of the Hungarian Embassy in Vienna.
The flat-rate personal income tax system is a key driver of economic growth
Ministry for National Economy, November 22, 2013 1:03 PM
The flat-rate personal income tax system has been a key growth-boosting factor, as thanks to the comprehensive income tax reform it is again worth creating and taking up jobs in Hungary, and thus there is a window of opportunity for escaping unemployment, economic slump and demographic crisis, Minister of State for Taxation and Financial Affairs Gábor Orbán said at a press conference in Budapest.
Wages in real terms up by almost 5 percent year/year
Ministry for National Economy, November 20, 2013 12:22 PM
In the month of September, wages in real terms increased by 4.9 percent in comparison to September 2012, and thus the purchasing power of wages have been on the rise for the ninth month in a row, an indicator of the success of the Government’s economic policy.
Scope of tax allowance related to the employment of parents with small children to be extended as of January
Ministry for National Economy, November 20, 2013 11:36 AM
As Minister of State for Employment Sándor Czomba said at a press conference, as of 1 January 2014 the scope of tax incentives related to the employment of parents with small children will be extended while existing allowances are kept in place within the framework of the “parental benefit extra” programme.
HUF 140bn to be allocated to start-up programmes in next EU fiscal period
Ministry for National Economy, November 20, 2013 11:35 AM
In the coming EU fiscal period, the Government plans to spend some HUF 140bn from EU and domestic resources on programmes aimed at bolstering the Hungarian start-up sector, Minister of State for Economic Strategy Zoltán Cséfalvay said at the conference titled “Young Entrepreneurship Week”.
EBRD President held talks in Budapest
Ministry for National Economy, November 19, 2013 10:58 AM
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti met with Minister for National Economy Mihály Varga in Hungary.
In the focus of tourism policy: thermal spring waters and energy efficiency
Ministry for National Economy, November 18, 2013 4:09 PM
Deputy State Secretary for Tourism Dr Viktória Horváth held a presentation at a professional conference on the key development priorities of Hungarian health tourism and the National Tourism Development Concept (2012-2024) which is currently under social consultation. The Government plans to increase by 2024 the share of the tourism sector within Hungary’s GDP to as much as 10 percent.
Domestic industry posts outstanding growth
Ministry for National Economy, November 15, 2013 11:53 AM
The multi-month upward trend of Hungary’s industrial production continued in September this year: in comparison to the corresponding period of 2012, industrial output increased by 5.5 percent. In light of data adjusted for seasonal and calendar effects, the sector grew by 1.8 percent compared to August. As a result of the Government’s reindustrialization policy, Hungary is also among the top performers within the European Union.
Iron-Tech Ltd of Szigetvár has new production site
Ministry for National Economy, November 15, 2013 10:34 AM
The Szigetvár-based metalworking company Iron-Tech Ltd has completed a new production facility within the framework of a partly state-funded investment project worth HUF 450 million. The site was opened by Minister of State for Employment Sándor Czomba.
Hungarian economic performance beats expectations
Ministry for National Economy, November 14, 2013 11:03 AM
According to preliminary data by the Hungarian Central Statistical Office (KSH), in the third quarter of 2013 – well above prior analyst estimates – Hungary’s economy expanded by 1.7 percent year-on-year. In light of data adjusted for seasonal and calendar effects, annual growth totalled 1.6 percent. In light of statistics of diverse fields, economic growth has been based on an increasingly sound structure.