Ministry for National Economy
News
Business relations with Mexico flourish
Ministry for National Economy, April 10, 2013 11:26 AM
Minister of State for Economic Regulation Kristóf Szatmáry earlier today held talks with Deputy Foreign Minister of Mexico Juan Manuel Gómez-Robledo. The objective of their meeting was to promote SMEs to acquire a larger share in bilateral trade.
Innovation is essential for economic recovery
Ministry for National Economy, April 9, 2013 4:59 PM
Innovation and R&D are key instruments for recovery from the economic crisis, Minister of State Zoltán Cséfalvay said at the conference entitled "Innovation – for small and large enterprises" organized by business daily Világgazdaság. He stressed that innovation requires small and large enterprises alike, as both can have a relevant role to play.
Popularity of forex debtor relief scheme increases
Ministry for National Economy, April 9, 2013 1:43 PM
By the end of February 2013, about 452 thousand people eligible to apply have joined the exchange rate cap scheme. They represent 31 percent of foreign currency mortgage debtors. The stock of forex loans with preferential, fixed exchange rates totalled HUF 1152bn, which corresponds to 37 percent of the total stock of outstanding forex loans at the end of February, the Hungarian Financial Supervisory Authority reported on its website.
The state of the central sub sector of the state budget in March 2013
Ministry for National Economy, April 8, 2013 4:30 PM
Key features of financial processes regarding the central sub sector of the state budget in March 2013.
Currency stability, predictability and increasing confidence constitute the cornerstones of the Government’s economic policy
Ministry for National Economy, April 3, 2013 5:48 PM
Hungary’s Government plans to attract investment to the economy by making its currency more stable rather than by weakening it in an effort to boost exports, Minister of National Economy Mihály Varga told the Wall Street Journal on 2 April.
Strategic Partnership Agreement concluded between the Government and Continental AG
Ministry for National Economy, April 3, 2013 5:42 PM
As part of the economic policy aimed at stimulating investments and related R&D, the Government considers the vehicle manufacturing and electronics sectors as priority areas, and Continental AG is involved in these fields, Minister for National Economy Mihály Varga said, speaking at the signing ceremony.
Regarding the numbers, Hungary should exit the EDP this year
Ministry for National Economy, April 3, 2013 10:52 AM
„Providing Brussels takes only the numbers into consideration, Hungary should exit the Excessive Deficit Procedure (EDP) this year”, Minister of State for Economic Strategy Zoltán Cséfalvay said on Hungarian TV channel M1's MA reggel show.
Hungarian budget deficit only 2% in 2012
Ministry for National Economy, April 2, 2013 5:23 PM
According to data published earlier today by the Hungarian Central Statistical Office (KSH), the budget deficit calculated on the basis of EU methodology was 2% of GDP in 2012, which is more favourable than formerly anticipated by the European Commission in its 2012 Autumn Forecast.
Significant foreign trade surplus again in the first month of this year
Ministry for National Economy, April 2, 2013 3:34 PM
In January 2013, the volume of exports and imports was up by 0.9 percent and 3.3 percent, respectively, in comparison to the corresponding period of the previous year. Hungarian exports and imports totalled HUF 1 890bn and HUF 1 793bn, respectively, thus foreign trade posted a surplus of HUF 97bn (EUR 316 million) in the first month of the year.
Favourable employment data
Ministry for National Economy, March 28, 2013 3:15 PM
In light of the flash report by the Hungarian Central Statistical Office (KSH) released earlier this morning, the positive trend regarding employment – a priority area for the Government – continues unabated. In the period December 2012 - February 2013, according to the latest data, the two-and-a-half-year upward trend is being maintained and the increase in the number of people in employment continued in comparison to the corresponding period of the previous year. Within the observed period, the total number of people in employment was 3 million 817 thousand, which corresponds to an increase of 0.6 percent compared to the same period in 2011-2012. Another favourable sign is that employment indicators improved with regard to both sexes.