Ministry for National Economy
News
Temporary extra taxes on retail trade and telecommunication sectors to be abolished
Ministry for National Economy, November 22, 2012 3:12 PM
Irrespective of the verdict by the European Commission, measures which have been the basis for infringement procedures will be phased out. According to a previous decision of the Hungarian Government, irrespective of the Commission’s decision, extra taxes levied temporarily on certain sectors such as retail trade and telecommunication will entirely be abolished, as of 1 January 2013.
Closer cooperation between Brazil and Hungary
Ministry for National Economy, November 20, 2012 1:54 PM
On 12 November 2012 Brasília hosted the first meeting of the Hungarian-Brazilian Economic Joint Committee (HBEJC). The delegation headed by the co-chairman of HBEJC, Minister of State for Economic Regulation Kristóf Szatmáry, conducted negotiations with representatives of the Brazilian Government in the Ministry of Foreign Affairs.
Financial ombudsman position established to protect consumers
Ministry for National Economy, November 20, 2012 11:06 AM
The National Assembly has adopted amendments submitted by the Government which are necessary for setting up the post of a financial ombudsman as an independent legal entity.
Letter of Minister György Matolcsy to Mr. Olli Rehn
Ministry for National Economy, November 19, 2012 4:39 PM
Minister for National Economy György Matolcsy has written a letter to Mr. Olli Rehn, Commissioner for Economic and Monetary Affairs at the European Commission, earlier today.
Negotiations commenced on assuming local council debt by the state
Ministry for National Economy, November 16, 2012 3:44 PM
Hódmezővásárhely was the first city where the coordination process about taking over local government debt by the state began.
Increasing industrial output
Ministry for National Economy, November 16, 2012 3:31 PM
According to the release of the Hungarian Central Statistical Office (KSH) published earlier this morning, workday-adjusted industrial production increased by 0.6 percent in September 2012 compared to the corresponding period of the previous year. In comparison to August seasonally and workday-adjusted data signal that output volume was up by 0.7 percent. On the basis of adjusted statistics, production contracted by 3.8 percent, which figure has been significantly influenced by workday effect.
Central Europe can succeed as a team
Ministry for National Economy, November 16, 2012 3:29 PM
Working as a team, Central Europe can succeed in closing the gap with Western Europe, Minister for National Economy György Matolcsy said on Friday at a Hungarian-Slovakian economic forum held in Budapest.
The Taxation Policy of a Hungary in Renewal
Ministry for National Economy, November 13, 2012 5:16 PM
At the focal point of taxation policy: securing financial balance, acknowledging aspiring entrepreneurs and reducing the weight of taxes on incomes parallel to increasing the role of value-added taxes on consumption and turnover.
Minister of State Cséfalvay: arguments are just presented in this phase of IMF-EU credit negotiations
Ministry for National Economy, November 9, 2012 3:30 PM
Until recently no accord could be reached on the amount or type of IMF-EU credit line at negotiations held with the International Monetary Fund (IMF) and the European Commission; currently the viewpoints of the parties are being tabled, Minister of State Zoltán Cséfalvay from the Ministry for National Economy said in Berlin.
Fiscal consolidation measures already in Parliament
Ministry for National Economy, November 9, 2012 3:14 PM
The Government has been committed to correcting mistaken decisions of the past, and is therefore continuing with its policy of keeping fiscal deficit under 3 percent and reducing general government debt.