Ministry for National Economy
News
The increase in expenditures does not jeopardize the deficit target
Ministry for National Economy, May 8, 2014 8:18 AM
The general government budget projections for January-April 2014 are in line with the revenue-expenditure schedule for this year. The central sub sector of the state budget in the initial four months of the year posted a deficit of HUF 951.1bn.
European Commission confirmed Hungarian economic projections
Ministry for National Economy, May 6, 2014 8:48 AM
The Spring Forecast of the European Commission includes economic projections which are similar to those in the macroeconomic outlook of the Convergence Programme. This confirms that the Hungarian Government’s forecast is reliable and trustworthy.
The EU helped Hungary during the crisis too
Ministry for National Economy, May 5, 2014 4:04 PM
The real economic advantage of Hungary’s EU membership lies in the fact that domestic enterprises are part of a common market with 500 million people, Minister of State Zoltán Cséfalvay said in an interview for kormány.hu which he gave following a conference organized for the 10th anniversary of Hungary’s EU accession.
Within the EU, the largest improvement of unemployment recorded in Hungary
Ministry for National Economy, May 5, 2014 1:58 PM
According to the latest Eurostat data, the largest fall regarding the unemployment rate among EU member states over the past one year was registered in Hungary, Ministerial Commissioner Piroska Szalai, responsible for improving the labour market prospects of women, told MTI. Over the past 12 months, within the bloc only 10 countries were capable of cutting unemployment, while the unemployment rate remained unchanged in three and edged higher in 15 of them.
Export growth boosted Hungary’s foreign trade surplus
Ministry for National Economy, May 5, 2014 11:06 AM
The volume of Hungary’s foreign trade turnover is increasing: in February 2014, exports and imports gained 8 percent and 7.8 percent, respectively, compared to the corresponding period of 2013. Thanks to the increases, Hungary’s foreign trade surplus was EUR 112 million higher than one year ago, totalling EUR 760 million.
Convergence Programme was presented by Minister Mihály Varga
Ministry for National Economy, April 30, 2014 3:13 PM
According to Hungary’s Convergence Programme which is to be submitted to the European Union, the Government of Hungary is expecting economic growth of 3 percent and fiscal deficit of 1.9 percent by 2017. The document was presented earlier today by the Minister for National Economy at a press conference in Budapest.
Tourism sector received some HUF 330bn over the past ten years
Ministry for National Economy, April 30, 2014 11:36 AM
Between 2004 -- when Hungary joined the EU -- and 2013, the tourism sector received unrefundable resources of some HUF 330bn or 4.3 percent of total EU funding made available for Hungary, Deputy State Secretary for Tourism Viktória Horváth told MTI. This amount, she added, helped complete 1360 projects over the past ten years.
Outstanding employment and unemployment data
Ministry for National Economy, April 29, 2014 1:00 PM
According to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning, positive labour market trends are continuing. In the period January-March 2014, the number of people in employment aged 15-74 years increased to 4 million 78 thousand, the highest figure since 1992.
Retail trade growth at an eight-year record high
Ministry for National Economy, April 24, 2014 9:57 AM
The eight-month upward trend of retail sales continued in February: the year-on-year increase of 6.7 percent registered in this period is the best figure since 2006. Data are indicating that household consumption has continued to improve, due -- among others -- to the cutting of utility costs, the introduction of family tax allowance, the wage hike for healthcare employees and teachers, record-breaking employment growth, the increase of wages in real terms and the overall improvement of consumer confidence.
German chamber sees increased investor confidence in Hungary
Ministry for National Economy, April 16, 2014 3:28 PM
Hungary's economy is viewed more favourably both in terms of the economic situation and the business environment than in previous years, Dale Martin, head of the German-Hungarian Chamber of Industry and Commerce (DUIHK), told a press conference in Budapest on Wednesday.