Ministry for National Economy
News
Employers can provide up to HUF 5 million as tax-free fringe benefit for loan repayment
Ministry for National Economy, April 3, 2014 8:39 AM
Employers can assist their employees to repay mortgages by providing HUF 5 million as tax-free fringe benefit within five years, Minister for National Economy Mihály Varga said at the opening of Construma, the international building trade exhibition, in Budapest.
Another relief measure for mortgagors
Ministry for National Economy, April 2, 2014 3:50 PM
Employers can assist their employees by providing up to HUF 5 million as tax-free fringe benefit to repay mortgages or purchase their homes, Minister for National Economy Mihály Varga said after signing the related ministerial decree.
New start-up tax package to be submitted to Parliament in autumn
Ministry for National Economy, April 2, 2014 3:24 PM
The package of measures aiming to lower tax and administrative burdens, which will make life easier for both new, innovative startups and their investors, is expected to be submitted to Parliament as early as this autumn, Minister of State Zoltán Cséfalvay said at the opening ceremony of the Central European Startup Competition, an event of Startup Spring 2014.
Hungary’s foreign trade volume continues to increase
Ministry for National Economy, April 2, 2014 10:58 AM
The multi-month upward trend of the volume of Hungary’s foreign trade continued in 2014: in the first month of the year, exports and imports increased by 6.1 percent and 3.6 percent, respectively, while foreign trade surplus is up by EUR 209 million, to EUR 482 million, in comparison to January 2013. Industrial output growth and the significant increase of industrial export orders have already augured positive data.
Briquetting plant and floriculture facility opened to employ homeless people
Ministry for National Economy, April 2, 2014 9:36 AM
Under the pilot project “From the street to work”, a briquetting plant and a floriculture greenhouse designed to provide work for homeless people was opened in District IX of Budapest.
ESA state budget deficit 2.2 percent in 2013
Ministry for National Economy, March 31, 2014 5:35 PM
According to preliminary data, the deficit of the general government budget, calculated in accordance with EU methodology, was 2.2 percent of GDP last year, Minister for National Economy Mihály Varga said at a press conference as the Government of Hungary has sent a report of last year’s budget data to the European Union.
Domestic consumption growth at an eight-year record high in Hungary
Ministry for National Economy, March 31, 2014 11:42 AM
Domestic consumption growth hit an eight-year record high in January, Minister of State for Economic Regulation Kristóf Szatmáry said at a press conference in District XVI of Budapest.
Zoltán Cséfalvay: S&P’s decision justifies speedy implementation of reforms
Ministry for National Economy, March 28, 2014 1:31 PM
The decision of Standard&Poor’s announced last Friday also proved that it had been right to implement reforms and carry out financial consolidation relatively quickly and in one go, Minister of State Zoltán Cséfalvay said at a conference organized by the Hungarian Business Leaders Forum.
Number of people in employment up by 300 thousand since the beginning of Government’s term
Ministry for National Economy, March 28, 2014 11:01 AM
According to the flash report of the Hungarian Central Statistical Office (KSH), positive employment trends are continuing. In the period December 2013-February 2014 the number of those aged 15-74 years in employment increased to 4 million 53 thousand, another 22-year record high.
The support of start-ups requires new types of tenders and institutions
Ministry for National Economy, March 27, 2014 3:42 PM
In the opinion of Minister of State Zoltán Cséfalvay, establishing an adequate environment for start-up innovations requires – in addition to investment – new types of tenders and institutions. The Minister of State pointed out at a conference organized by economic daily Napi Gazdaság in Budapest that, as far as RDI is concerned, it is not helpful to have a centralized funding system and large-scale centralized tenders.