Ministry for National Economy
News
Hungarian retail trade figures in line with European trends
Ministry for National Economy, December 21, 2012 2:53 PM
In the initial ten months of 2012 the sales volume of food, beverages and tobacco products stagnated year-on-year in an unfavourable global economic climate. In the tenth month of the year, however, this retail sub sector registered a decline of 1.2 percent in comparison to the corresponding period of the previous year. This figure is much more favourable than September data calculated by the same methodology (then contraction amounted to 3.7 percent).
Foreign trade volume increased significantly once again
Ministry for National Economy, December 21, 2012 2:47 PM
According to the latest flash report of the Hungarian Central Statistical Office (KSH), in October 2012 the volume of exports and imports was up by 5.2 percent and 5.6 percent, respectively, in comparison to the corresponding period of the previous year. In the tenth month of the year foreign trade posted a surplus of 182bn HUF (646 million EUR).
Fitch: Hungary’s outlook stable
Ministry for National Economy, December 21, 2012 10:43 AM
Fitch Ratings Services has revised Hungary’s sovereign rating from “negative” to “stable”.
The state of the central sub sector of the state budget in November 2012
Ministry for National Economy, December 20, 2012 11:42 AM
Key data of the central sub sector of the state budget in November 2012 - In the month of November 2012 the central sub sector of the state budget registered a deficit of 33.6bn HUF. Within that, the central state budget, Social Security Funds and extra budgetary state funds registered deficits of 10.1bn HUF, 23.1bn HUF and 0.4bn HUF, respectively. In the month of November 2012 the central sub sector of the state budget posted a surplus of 79.9bn HUF.
Investments worth more than EUR 1.5 billion secured
Ministry for National Economy, December 19, 2012 2:47 PM
Earlier today an agreement has been concluded between the Government of Hungary and the Wanhua Industrial Group of China envisaging that the Wanhua Group will implement long-term, strategic investment projects worth around EUR 1.6 billion in Hungary, expected to create hundreds of jobs in a backward region.
Strategic cooperation agreement concluded between the Government of Hungary and Tesco-Global Stores Zrt
Ministry for National Economy, December 19, 2012 1:57 PM
The agreement was signed by Minister of State at the Ministry for National Economy Zoltán Cséfalvay as representative of the Government and Chief Executive Officer Gerard Gray of Tesco-Global Stores Zrt.
160 000 more people are employed since 2010
Ministry for National Economy, December 18, 2012 5:17 PM
According to the latest data compiled by the Hungarian Central Statistical Office (KSH), in August-October 2012 the number of employed was 3 million 935 thousand, which is 71 thousand more than one year ago and 160 thousand more since 2010.
Foreign currency debt issuance may not be necessary next year
Ministry for National Economy, December 17, 2012 6:01 PM
According to Minister of National Economy György Matolcsy, Hungary may not need to issue foreign currency denominated government securities on international financial markets next year. That was one of the issues the Minister spoke about at the economic programme G7 of Hungary’s public service broadcaster Kossuth Radio on Saturday.
Industrial exports and transport equipment manufacturing output on the rise in the initial ten months of 2012
Ministry for National Economy, December 17, 2012 12:25 PM
According to the release of the Hungarian Central Statistical Office published earlier this morning, output increased in nine sub sectors of the manufacturing industry: out of significant sub sectors transport equipment output was up by 7.7 percent, and the third largest sub sector, the production of food, beverages and tobacco products increased by 5.6 percent.
Hungarian economy to expand next year
Ministry for National Economy, December 11, 2012 9:37 AM
According to György Matolcsy, the Hungarian economy is expected to expand in 2013. This was the key message the Minister for National Economy was emphasizing, speaking at the session of the Parliamentary Budget Committee on Monday, and adding that in 2010-2011 Hungary managed to implement successful financial and economic consolidation.