Ministry for National Economy
News
Exchange of information on tax issues between Hungary and the USA
Ministry for National Economy, October 28, 2013 4:05 PM
Representatives of Hungary and the United States of America initialled an agreement to improve international tax compliance and assist the implementation of FATCA regulation.
Analysts also acknowledge a positive trend reversal
Ministry for National Economy, October 28, 2013 2:05 PM
In an interview to taxation and accountancy periodical SZAKma, Deputy State Secretary for Budgetary Affairs Péter Benő Banai drew attention to prognoses by analysts of international banks that predict economic growth to be in line with -- or even above -- Government estimates.
Government to table own relief package for foreign currency debtors
Ministry for National Economy, October 28, 2013 12:58 PM
In the opinion of Minister for National Economy Mihály Varga, the proposals of the Hungarian Banking Association disclosed last week do not address the two most pressing problems, and therefore the Cabinet will present its own recommendations for the relief of foreign currency debtors.
General government debt down by 4 percentage points over three years
Ministry for National Economy, October 28, 2013 12:03 PM
Hungary’s government debt-to-GDP ratio decreased by more than 4 percentage points over the past three years, Minister of State for Taxation Affairs Gábor Orbán said at a press conference in Budapest.
Minister of State Cséfalvay spoke about innovation strategy at biotechnology conference
Ministry for National Economy, October 24, 2013 5:29 PM
The Biotechnology Outreach Conference, organised by the Hungarian Biotechnology Association took place in Budapest October 24. Minister of State Cséfalvay, who was the patron of the event made the opening remarks. He talked about Hungarian economic policy also with regard to future plans, as well as the Government’s innovation strategy.
Minister Varga: Deficit target will be met in the 2014 budget
Ministry for National Economy, October 24, 2013 4:37 PM
The deficit target in the 2014 budget will be met thanks to reserves, Minister of National Economy Mihály Varga told lawmakers ahead of a debate of the budget bill.
Record numbers take part in public work programme
Ministry for National Economy, October 24, 2013 4:19 PM
A record number, a total of 200 thousand people will participate in the Government’s public employment programme during this year’s winter period (form November until the end of April), Minister of State for Employment Sándor Czomba of the Ministry for National Economy announced.
Wages continue to increase in real terms
Ministry for National Economy, October 18, 2013 10:09 AM
According to the latest statistics of the Hungarian Central Statistical Office (KSH), wages are continuing to rise. In January-August 2013, gross and net average wages within the national economy were 3.4 percent and 4.8 percent higher, respectively, year-on-year. Thanks to Government measures, along with the steady increase of real wages the improving employment trend is also expected to contribute to the stimulation of domestic consumption.
Hungary’s industrial output growth continues to exceed EU average
Ministry for National Economy, October 15, 2013 10:07 AM
In August this year, industrial performance – according to workday-adjusted data – increased by 0.9 percent in comparison to the corresponding period of 2012, while in light of data adjusted for seasonal and workday-effects the indicator improved by 0.7 percent month-on-month.
Rehau production site ceremonially opened in Győr
Ministry for National Economy, October 14, 2013 2:05 PM
A new production site for the Germany-based Rehau conglomerate was opened in the industrial park of Győr on Monday. At the plant, which cost EUR 60 million (HUF 18bn) to complete and was finalized within one year, bumpers for several Audi models will be produced.