The Government accepts the decision of the European Commission with regret, as it endangers the funding of the Erzsébet programme, which finances a Government welfare scheme, and imperils the funding of the scheme that stimulates the domestic tourism sector via the SZÉP (Széchenyi Recreation) Card.
“The initial steps for building a bridge for Hungarian start-ups between Hungary and Silicon Valley have been made,” Minister of State for Economic Strategy Zoltán Cséfalvay said, speaking from San Francisco in a telephone interview with MTI.
On behalf of the Government of Hungary, Minister of State for Economic Strategy Zoltán Cséfalvay signed a Strategic Partnership Agreement with Canadian company Linamar in Guelph, Canada.
The Economic and Financial Affairs Council of the European Union (Ecofin) has approved the proposal of the European Commission to abrogate the excessive deficit procedure (EDP) against Hungary, Minister for National Economy Mihály Varga announced.
Conference – 6th of June 2013
Gödöllő-Budapest
Germany's ThyssenKrupp concern inaugurated a new plant in Győr, Northwest Hungary, which was completed through an investment of HUF 1.2 billion (EUR 4 million).
According to the flash report of the Hungarian Central Statistical Office (KSH), the strengthening of wages’ purchasing power continued unabated in the fourth month of the year.
Hungarian people have made tremendous efforts to end the Excessive Deficit procedure against the country, but the result “shall be upheld and protected”, and that is the reason the Government has submitted new measures in Parliament, Government Spokesperson András Giró-Szász said, and Minister for National Economy Mihály Varga announced the concrete measures.
Even from a European aspect, the Government has achieved outstanding results in the field of employment in general and women’s labour prospects in particular, Ministerial Commissioner Piroska Szalai, responsible for the improvement of women’s labour market prospects, said in Győr, at a conference organized within the framework of the Fidesz programme entitled Hungary is Doing Better.
Hungary is determined to repay the IMF loan taken out in 2008 until 2014 at the latest; Minister for National Economy Mihály Varga said in Budapest at a presentation held within the framework of the Fidesz programme entitled Hungary is Doing Better.