Ministry for National Economy
News
Consultations with global financial institutions
Ministry for National Economy, April 22, 2013 11:28 AM
In Washington, Minister for National Economy Mihály Varga met with representatives of the International Monetary Fund (IMF) and the World Bank to discuss cooperation options on technical issues. He also held talks with Switzerland’s Economy Minister Johann Scheideer-Ammann about the liberalization of the Swiss labour market with regard to Hungarian jobseekers, in addition to which he sought information about accounts held by Hungarians in Switzerland.
Opening to the East policy continues with Indonesian Minister’s visit
Ministry for National Economy, April 19, 2013 10:15 AM
Minister for National Economy Mihály Varga received Indonesia’s Minister of Public Works Djoko Kirmanto in his office today.
Real wages edging up
Ministry for National Economy, April 18, 2013 1:33 PM
Thanks to moderating inflation, a finalized proportionate, flat-rate personal income tax system and several other Government stability measures, the latest data signals that the purchasing power of wages within in the national economy increased for the second month in a row.
Convergence Programme: faster growth, lower deficit
Ministry for National Economy, April 16, 2013 3:00 PM
The updated Convergence Programme covering the period 2013-2016 projects faster growth and a lower deficit for the upcoming years.
Conference on social dialogue in Budapest
Ministry for National Economy, April 15, 2013 5:31 PM
Minister of State for Employment Policy Sándor Czomba emphasized at a two-day conference entitled Industrial Relations and Social Dialogue in Europe that the key objective of the Government is to maintain social dialogue – as underpinned by new regulations – as this enables society to recover from the crisis more easily.
New regulation to combat illegal trade and theft of metals
Ministry for National Economy, April 15, 2013 3:21 PM
The Government bill adopted on Wednesday aims to combat metal theft, eradicate illegal trade in metals, reduce the economic burdens of public service providers and to safeguard life and property more effectively. As a result of the new proposal, cooperation between authorities and supervisory efficiency will improve. In addition, the Government intends to aid the economic situation of legally operating metal trading enterprises.
Hungary is not a planned economy
Ministry for National Economy, April 15, 2013 2:09 PM
Hungary is not a planned economy, but a market economy, Minister for National Economy Mihály Varga said in an interview with German daily Welt am Sonntag.
Reinvigorating the economy is our primary task
Ministry for National Economy, April 12, 2013 1:34 PM
Reigniting economic growth in Hungary is of paramount importance and also requires the confidence of enterprises as investing here makes economic sense because profit prospects will be favourable, Minister for National Economy Mihály Varga told representatives of large German enterprises with investments in Hungary at a business lunch at the Hungarian Embassy in Berlin.
Trend reversal in the construction sector
Ministry for National Economy, April 11, 2013 2:18 PM
As the number of construction sector contracts increased by 15 percent in the fourth quarter of last year, the Hungarian construction sector appears to have turned the corner this year and the recession may be coming to an end, Deputy State Secretary for Domestic Economy Áron Márk Lenner said at the opening ceremony of the Construma International Building Trade Exhibition.
The majority of German companies would again choose Hungary for their investments
Ministry for National Economy, April 10, 2013 4:44 PM
Perceptions of Hungary’s economic situation among German chief executive officers as well as the commitment of German enterprises to the country have improved: 73 percent of investors would once again pick Hungary as their investment destination. Enterprises are satisfied with the regulatory reform of the labour market, which in regional comparison places Hungary among the best locations for foreign investment.