On visiting the Budapest centre of the National Tax and Customs Administration (NAV), Minister for National Economy Mihály Varga said at a press conference that the general taxation overhaul has been finalized and now it was time for fine-tuning.
In a phone call Mihály Varga congratulated Mihály Patai for being nominated for the post of Hungarian Banking Association President.
A single final solution to the problems of Hungary’s foreign currency debtors would be amazing, but it became clear in the past two years that no such solution exists, Economy Minister Mihály Varga told Portfolio.hu in an interview. The remedy will likely consist of several stages and only the existing means should be applied to assist distressed FX borrowers, he added. Varga said local energy service providers survived the 10% reduction to retail energy tariffs, adding he hoped the cabinet did successfully lower their profits because they had ample reserves in this field.
Minister of State at the Ministry for National Economy Zoltán Cséfalvay has earlier today met with investors and financial analysts at a conference organized by Barclay’s in London.
Although in light of the latest Eurostat data, as a whole, the number of people in employment declined in Q4 2012 within both the eurozone and the European Union, in Hungary, the relevant figure improved. Hungary achieved the fourth best growth rate in the EU regarding this field.
The new leadership of the Ministry for National Economy considers stability, predictability and increasing confidence the cornerstones of its policy. Economy Minister Mihály Varga does not believe it necessary to introduce new measures for addressing the plight of forex debtors, but he intends to extend and fine-tune those already in place.
Last year 52.1 per cent of women aged 15-64 years had a job in Hungary, and this is the highest employment rate recorded by the Hungarian Central Statistical Office since 1992 – Ministerial Commissioner responsible for the improvement of women’s employment prospects Piroska Szalai said at a press conference in Szombathely.
Coloplast of Denmark has implemented E-funded development projects worth HUF 5bn at its Hungarian production facilities – the company’s Senior Vice President Allan Rasmussen said at the press conference organized on the completion of the project in Nyírbátor. Minister of State for Employment Policy Sándor Czomba also participated at the event.
Mihály Varga was appointed as Minister of National Economy by János Áder, the President of the Republic of Hungary, at the proposal of Prime Minister Viktor Orbán.
Key features of financial processes regarding the central sub-sector of the state budget in February 2013.