Ministry for National Economy
News
Hungary fulfilled its prepayment obligation to the International Monetary Fund before deadline
Ministry for National Economy, January 25, 2013 11:46 AM
Earlier today Hungary has transferred 607 million EUR as loan prepayment to the International Monetary Fund due on 12 February 2013. By paying more than two weeks prior to maturity, market risks associated with repaying the IMF loan are eliminated.
Hungarian retail sales mirror European tendencies
Ministry for National Economy, January 25, 2013 11:23 AM
In the initial eleven months of 2012 sales of food, beverages and tobacco products declined by only 0.6 percent year-on-year in an unfavourable global economic climate. In the eleventh month of last year, however, this retail sub sector registered a decrease of 2 percent in comparison to the corresponding period of the previous year (2011). Year-on-year, sales of pharmaceutical and medical goods, cosmetics articles and second hand products as well as those of mail order services providers continued to increase.
Family-friendly Workplace awards handed over
Ministry for National Economy, January 21, 2013 3:13 PM
Twenty-three out of altogether ninety applications were bestowed the Family-friendly Workplace 2012 title. The awards were handed over in Budapest on Friday.
Manufacturing industry orders increased significantly despite slight decline in production
Ministry for National Economy, January 16, 2013 3:57 PM
As a positive development, the overall number of new orders at manufacturing industry enterprises increased impressively, by 45.7 percent. However, seasonally and workday-adjusted industrial production declined by 0.1 percent in November 2012 compared to the previous month. In comparison to November 2011 both unadjusted and workday-adjusted statistics signal that industrial output decreased by 6.9 percent which figure was also due to a high basis reading. Decrease, however, was even larger in Italy (7.6 percent) and Spain (7.2 percent), and among our regional peers the Czech Republic registered a similar volume decline of 6.2 percent.
Renewed speculation against the forint
Ministry for National Economy, January 16, 2013 11:00 AM
On Tuesday last week Nouriel Roubini, one of the world’s most influential financial analysts sent to clients the following investment recommendation in his regular newsletter: “Until Hungary signs a new deal with the IMF we recommend to short the forint." Thus he signalled that investors should bet on a weakening forint.
Government to motivate capital investments
Ministry for National Economy, January 15, 2013 3:51 PM
In order to stimulate growth, the Government aims to motivate capital investments, Minister of State for Taxation and Financial Affairs Gyula Pleschinger said at an economic conference held in Vienna on Tuesday.
Strategic Partnership Agreement with IBM
Ministry for National Economy, January 11, 2013 2:14 PM
The Government of Hungary and IBM Hungary Kft concluded a strategic agreement on Friday; the document was signed in Budapest by Minister of State at the Ministry for National Economy Zoltán Cséfalvay and Director General Zsolt Veres of IBM Hungary.
Tripartite Seminar on Youth Employment
Ministry for National Economy, January 9, 2013 1:08 PM
The Hungarian Ministry for National Economy is organizing a tripartite seminar together with the International Labour Organization (ILO) on 11 January 2013 in Budapest, Hungary, to examine the challenges of labour market integration of young people and to present measures aiming to improve their employment situation.
The state of the central sub sector of the state budget in December 2012
Ministry for National Economy, January 8, 2013 6:13 PM
Key features of financial processes regarding the central sub sector of the state budget in December 2012 and preliminary data for the year have been published today.
Another Positive Employment Figure
Ministry for National Economy, January 4, 2013 11:53 AM
According to this morning's information summary from the Central Statistical Office (KSH), positive trends are continuing with regard to employment figures, which play a determining role in government policy.