Ministry for National Economy
News
Moody's verdict is biased and unsubstantiated
Ministry for National Economy, February 9, 2013 10:54 AM
The Hungarian Government cannot comprehend why Moody's Investors Services does not take into account what Hungary has achieved lately.
The state of the central sub sector of the state budget in January 2013
Ministry for National Economy, February 7, 2013 4:00 PM
In the month of January 2013 the central sub sector of the state budget registered a deficit of almost 2.5bn HUF which corresponds to only 0.3 percent of the statutory estimate of 841.8bn HUF for the entire year. Within that, the central state budget posted a deficit of 90.7bn HUF, while Social Security Funds and extra budgetary state funds posted surpluses of 50.9bn HUF and almost 37.3bn HUF, respectively. In the month of January 2012 the central sub sector of the state budget had a surplus of 107.3bn HUF.
Foundations of healthy economic growth established
Ministry for National Economy, February 7, 2013 2:27 PM
According to Minister of State Zoltán Cséfalvay, the basis of sound economic expansion has been laid down and it is crucial, because in the long term growth must not be financed from debts.
Successful visit as part of „Opening to the East” policy
Ministry for National Economy, February 5, 2013 2:06 PM
Minister of State for Economic Regulation at the Ministry for National Economy Kristóf Szatmáry – who is also responsible for external economic affairs – paid an official visit to India, Thailand and Vietnam between 28 January and 1 February.
Unemployment up in the EU but trend continues down in Hungary
Ministry for National Economy, February 1, 2013 2:09 PM
The euro-zone unemployment data for December 2012 published by the Eurostat were more favourable at 11.7 percent than the consensus estimate of Reuter’s analysts (11.9 percent). As of June 2010 the unemployment rate in Hungary has declined -- albeit slowly but steadily -- altogether by 0.4 percent, whereas the corresponding EU rate which was initially lower has continued to rise.
The 60 percent of EU funds to be spent on economic development
Ministry for National Economy, February 1, 2013 1:21 PM
In the 2014-2020 fiscal period of the European Union Hungary will allocate the 60 percent of EU resources to stimulating growth and the development of the economy, according to the decision of the Government of Hungary. In the fiscal period ending in 2013 only the 16 percent of EU funds were utilized for this goal, said Minister of State at the Ministry for National Economy Zoltán Cséfalvay at a Budapest conference organized by the Hungarian Economic Association on Thursday.
Positive foreign trade balance also in November
Ministry for National Economy, February 1, 2013 11:07 AM
According to the latest flash report of the Hungarian Central Statistical Office, in January-November 2012 the volume of exports and imports increased by 1.5 percent and 0.4 percent, respectively, in comparison to the corresponding period of the previous year. In this period foreign trade surplus amounted to 1 947bn HUF (6.7bn EUR). Calculating in forints this amounts exceeds by 59bn HUF the figure registered in the initial eleven months of 2011, while due to exchange rate change the amount in euros is 23 million EUR below that level.
Interview with Minister Matolcsy in The Wall Street Journal
Ministry for National Economy, January 31, 2013 12:43 PM
Minister of National Economy György Matolcsy gave an interview recently to the Wall Street Journal, which can be read below.
The annual economic policy consultation with representatives of the IMF and EU has been concluded successfully
Ministry for National Economy, January 29, 2013 8:10 AM
Representatives from the International Monetary Fund and the European Commission met with leaders and experts from the Hungarian Government, the National Bank of Hungary, the Hungarian Financial Supervisory Authority, and with certain financial sector operators, within the framework of their annual economic policy consultation. The meetings included negotiations on economic forecasts for winter 2013.
Strategic Partnership Agreement signed with Nokia Siemens Network
Ministry for National Economy, January 28, 2013 5:40 PM
Doubling Hungary’s GDP by 2025 is an important national goal, Minister of National Economy György Matolcsy said on Monday at the signing of a Strategic Partnership Agreement with Róbert Ésik, Managing Director of Nokia Siemens Networks Ltd.