Ministry for National Economy
News
Minister Varga initiated negotiations with ISD Dunaferr
Ministry for National Economy, August 21, 2013 4:42 PM
Minister of National Economy Mihály Varga has officially initiated negotiations related to the purchase of ISD Dunaferr.
Government to make a buyout offer to Dunaferr
Ministry for National Economy, August 20, 2013 3:14 PM
The government will make a buyout offer this week for steelmaker ISD Dunaferr, Economy Minister Mihaly Varga said on Monday. The government took the decision after talks with Dunaferr's management on Monday morning, he stated.
Hungary’s economy makes positive u-turn
Ministry for National Economy, August 14, 2013 5:21 PM
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth.
Hungary’s second quarter GDP up by 0.5 percent year-on-year
Ministry for National Economy, August 14, 2013 10:50 AM
According to preliminary data by the Hungarian Central Statistical Office (KSH), in the second quarter of 2013 the Hungarian economy expanded by 0.5 percent in comparison to the corresponding period of the previous year. This figure is in line with analysts’ prior estimates (0.5-0.6 percent). These statistics therefore confirm that Hungary has emerged from the recession in a technical sense.
IMF loan to Hungary fully repaid
Ministry for National Economy, August 12, 2013 12:29 PM
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.7bn, EUR 570 million and GBP 255 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated government bond issuance at the beginning of February as well as those from the Premium Euro Hungarian Government Bond auction had been available to cover the transaction; accordingly, no additional bond issuance was necessary.
The state of the central sub-sector of the state budget in July 2013
Ministry for National Economy, August 7, 2013 4:08 PM
Key features of financial processes regarding the central sub-sector of the state budget in July 2013.
Conversion of foreign currency loans into forint-based mortgages a viable option
Ministry for National Economy, August 1, 2013 2:32 PM
Minister for National Economy Mihály Varga said in Kossuth Radio's morning programme 180 minutes that during consultations with civic advocacy groups and the Hungarian Banking Association it has been recognised that “it seems likely that a solution must be applied which enables the conversion of these loans into forint-based mortgages.”
Strategic Partnership Agreement concluded between the Government and the Bosch Group
Ministry for National Economy, July 31, 2013 4:56 PM
A Strategic Partnership Agreement was concluded between the Government of Hungary and Bosch Hungary at the inauguration ceremony for the first stage of the international company’s new Hungarian headquarters in Budapest.
Mihály Varga holds negotiations with the Hungarian Banking Association
Ministry for National Economy, July 31, 2013 2:22 PM
Consultations have begun between the Government and bank representatives on potential options for phasing out foreign currency mortgages.
Minister Varga holds talks with advocacy groups over foreign currency home loans
Ministry for National Economy, July 31, 2013 10:45 AM
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, with the inclusion of all parties involved.