Ministry for National Economy

Mihály Varga

Minister for National Economy

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Strategic agreement with hauliers

Ministry for National Economy, June 4, 2013 2:59 PM

In order to improve the competitiveness of hauliers, today the Government concluded an agreement with private transporters on a compensation scheme for e-tolls.

Massive foreign trade surplus recorded in Q1 2013

Ministry for National Economy, June 3, 2013 11:27 AM

According to the latest flash report on foreign trade turnover by the Hungarian Central Statistical Office (KSH), in the initial three months of this year Hungarian exports and imports totalled HUF 5 891bn (EUR 19.9bn) and HUF 5 367bn (EUR 18.2bn), respectively. Thus, in January-March, a significant foreign trade surplus of HUF 524bn (EUR 1.7bn) was accumulated, which amount is HUF 29bn (EUR 51 million) above the figure recorded in the corresponding period of the previous year. In the first quarter, the volume of exports and imports was on a par with the level registered in the same period of last year.

Number of those in employment increased by 58 thousand

Ministry for National Economy, May 29, 2013 11:32 AM

According to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning, the number of those in employment continued to increase compared to the corresponding period of the previous year.

Capital inflow and outflow both broke records last year

Ministry for National Economy, May 28, 2013 8:54 AM

Last year, the amount of foreign direct investments totalled EUR 10.462bn in Hungary, which exceeds the previous year’s figure by EUR 6.7bn and which is the largest amount ever recorded. The amount of outbound FDI by Hungarian enterprises in 2012 was EUR 8.210bn, EUR 5bn above the level registered one year earlier.

Women in Focus: Conference on Measures to Support Women and Families

Ministry for National Economy, May 24, 2013 3:29 PM

The Hungarian Group of the European Parliament's People's Party held a conference entitled "What has the Government Done for Women, Families and Children" on 24 May 2013, within the framework of the Free Europe Debate series. The goal of the Conference was to review the Government's family policies and the results achieved.

Development project of over HUF 4bn completed in Eger

Ministry for National Economy, May 24, 2013 11:26 AM

ZF Lenksysteme Hungary, a manufacturer of steering systems, has expanded its existing production facility in Eger within the framework of a development project costing over HUF 4bn, the company announced as the new site was opened in the city.

Austrian and Hungarian experts discuss labour market prospects for youth in Burgenland

Ministry for National Economy, May 23, 2013 11:45 AM

Austrian and Hungarian professionals held a three-day conference on the labour market status of young people in Szalónak (Stadtschlaining) in the Austrian province of Burgenland, bordering Hungary.

Real wages increased further in March

Ministry for National Economy, May 22, 2013 10:46 AM

Average net wages – excluding family tax allowances -- increased at above the rate of inflation in January-March 2013, by 4.2 percent year-on-year.

Hungary must be taken off the name-and-shame list

Ministry for National Economy, May 21, 2013 3:11 PM

Provided the European Union's decision on the EDP against Hungary is in line with its standard procedure, Hungary must be allowed to stand up from the dunce’s seat where it had been placed by former governments, Minister for National economy Mihály Varga said in an interview for political daily Magyar Hírlap.

Amendment to the Budget Act submitted to Parliament

Ministry for National Economy, May 21, 2013 3:09 PM

The Government has submitted an amendment to the 2013 Budget Act to Parliament which contains certain measures to ensure that Hungary exits the Excessive Deficit Procedure.