Ministry for National Economy
News
Positive labour market trends remain firmly in place
Ministry for National Economy, July 30, 2013 1:05 PM
According to the flash report of the Hungarian Central Statistical Office (KSH) published this morning, the total number of those in employment increased again in comparison to the corresponding period of 2012.
200,000 unemployed to be included in public work scheme this winter
Ministry for National Economy, July 30, 2013 8:43 AM
The Government has decided to include 200,000 unemployed in its public work scheme during the winter season, the Ministry of National Economy said. Some 100,000 people will in effect work from November until next April and the other 100,000 will participate from December until March in training programmes aimed at helping them find future employment, the ministry added.
Hungary to fully repay IMF loan until mid-August
Ministry for National Economy, July 30, 2013 8:11 AM
On 15 July, Minister for National Economy Mihály Varga informed IMF Director Reza Moghadam in a letter that Hungary intends to fully repay the IMF loan provided for the country in 2008 ahead of schedule, by 12 August 2013. This option is only open for countries with sufficient fiscal reserves, a stable budgetary policy and positive investor sentiment indicators.
The European Commission drops infringement procedure against Hungary over telecommunications taxes
Ministry for National Economy, July 24, 2013 5:28 PM
The European Commission informed the Ministry of Foreign Affairs last week that it would withdraw its pending case against Hungary with the European Court of Justice regarding the telecommunications taxes, introduced in 2010 temporarily.
Foreign currency denominated mortgages for home purchases shall be phased out
Ministry for National Economy, July 24, 2013 2:15 PM
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and burden-bearing”.
Number of registered jobseekers below the half-million mark
Ministry for National Economy, July 24, 2013 12:00 PM
According to the latest data by the National Labour Office, the number of registered jobseekers fell below 500 thousand in Hungary, Minister of State for Employment Policy Sándor Czomba said at the signing ceremony of a funding tender for job creation projects in Nyírkáta.
Government to further strengthen SMEs
Ministry for National Economy, July 18, 2013 3:58 PM
The state is making every possible effort to encourage investment and there will be new resources and new options available for this between 2014 and 2020, Minister of State Zoltán Cséfalvay told public television M1.
Government and Unions agree on 2013 wage guidelines
Ministry for National Economy, July 15, 2013 5:49 PM
Minister for National Economy Mihály Varga signed an agreement on 2013 wage guidelines with representatives of employees' organisations on Monday.
Mihály Varga: Borsodchem receives EUR 70 million export development loan
Ministry for National Economy, July 15, 2013 11:01 AM
The Hungarian Export-Import Bank (Eximbank) and Hungarian chemical giant Borsodchem have signed a 70 million euro loan agreement; the company will receive funds for export development, which will also make it possible for Hungarian small and medium-sized enterprises to play a greater role as the company's suppliers.
Budget deficit targets safe, says Minister Varga
Ministry for National Economy, July 12, 2013 9:02 AM
Hungary will keep its budget deficit this year and next under 3% of economic output and will not need to introduce new taxes, Economy Minister Mihály Varga told press.