Ministry for National Economy
News
Financial accounts data at the end of September 2013 in line with estimates
Ministry for National Economy, October 7, 2013 5:38 PM
The central sub sector of the general government budget posted a surplus of HUF 12.1bn in September 2013. The financial accounts data at the end of September are in line with the Government’s prior expectations. Revenues and expenditures anticipated for this month and next – along with the extraordinary surplus projected for the month of December – confirm the expectation that this year’s below 3 percent deficit target will be met.
Public work must be meaningful and productive
Ministry for National Economy, October 4, 2013 3:54 PM
On Thursday Minister of State for Employment Sándor Czomba paid a visit to three small villages in Borsod-Abaúj-Zemplén County with successful public work schemes and spoke about the importance of productive public work, an assertion which has been proven right by several settlements all over the country, in typical disadvantaged regions.
The presence of domestic SMEs to be promoted on international markets
Ministry for National Economy, October 4, 2013 9:51 AM
Speaking at a Budapest conference entitled Hungarian Exports Set to Renew, Minister for National Economy Mihály Varga said that one of the primary objectives of Hungarian foreign economic policy is to assist domestic SMEs to gain ground on international markets to a larger extent than before.
1st Israeli-Hungarian Innovation Day
Ministry for National Economy, October 3, 2013 3:13 PM
The Israeli-Hungarian Innovation Day held in Graphisoft Park Budapest provides the opportunity for Hungarian start-ups to get to know Israel’s research and innovation scene, as several Israeli start-ups introduce themselves and the management of various acknowledged Israeli and Hungarian enterprises make presentations.
Tourism performs excellently in Hungary
Ministry for National Economy, October 3, 2013 10:22 AM
By a 13.7% increase in the number of guest nights compared to last summer’s figures, the touristic sector performs excellently this year in Hungary.
Domestic retail sales up again
Ministry for National Economy, October 3, 2013 10:18 AM
According to the flash report of the Hungarian Central Statistical Office (KSH), in August the volume of retail sales increased by 1.5 percent year-on-year, exceeding the 1.2 percent growth registered in July. Increasing retail sales are a consequence of higher wages in real terms, improving employment and recovering consumer confidence.
Central and Eastern Europe may become Europe’s growth engine
Ministry for National Economy, October 2, 2013 3:14 PM
Central and Eastern Europe -- including Hungary -- has in recent years become Europe’s industrial heartland, and chances are good for the region to turn into the growth engine of the continent, Minister of State Zoltán Cséfalvay of the Ministry for National Economy said at the Hungarian Business Leaders Forum in Budapest. The Minister of State underlined that in order to achieve this goal Hungary shall reconsider its economic strengths and join the global product- and value-chains increasingly with products and services of high added value.
Laying of foundation stone for National Instruments’ Science Park
Ministry for National Economy, October 2, 2013 11:50 AM
The foundation stone of a Science Park, valued at some HUF 4bn, was laid ceremonially at the Debrecen production site of National Instruments (NI) Hungary Ltd.
Hungary’s foreign trade posts significant surplus again
Ministry for National Economy, October 2, 2013 10:37 AM
In July 2013, the volume of exports and imports increased by 7.4 percent and 6.4 percent, respectively, compared to the corresponding period of the previous year, thus foreign trade posted a surplus of EUR 448 million in the seventh month of the year. As a result of the Government’s investor-friendly economic policy, recently implemented large investment projects are expected to generate a foreign trade surplus for the entire year of 2013 which will exceed last year’s figure.
Minister Varga submitted draft budget for 2014
Ministry for National Economy, October 1, 2013 4:02 PM
The Ministry of National Economy will go on with expanding family benefits, reducing administrative burdens in 2014 and abolishing the transaction fee for bank card payments.