There are no plans to sell Mol shares owned by the state; they comprise an extra security reserve for the financing of the state budget – the Ministry for National Economy stated on Thursday.
A trend reversal has been under way in 2012 as general government debt has been declining and state budget deficit could be reduced to below 3 percent of GDP, said Minister of State Zoltán Cséfalvay from the Ministry for National Economy on Thursday, at a conference in Budapest.
According to the Minister for National Economy György Matolcsy, the European Commission has awarded a good mark for Hungarian economic policy, and thus the excessive deficit procedure against Hungary can be abrogated next year. It is a great success, Minister Matolcsy emphasised, that the structural balance of the budget has been improved in excess of EU requirements, achieving an increase of over 2%.
In the past two years Hungary has achieved significant results regarding general government debt, recently one of the most widely observed indicators all around the world.
Key data of the central sub sector of the state budget in October 2012.
National consultations have been launched on the draft version of the National Research, Development and Innovation Strategy 2020, which had been prepared by the Ministry for National Economy after a broad coordination process with experts. The opportunity of sending comments and proposals on the draft strategy available at kormány.hu or expressing relevant opinions in person is now open to the wider public at the one-month discussion forum lasting until 4 December 2012 in Budapest, Debrecen, Győr, Pécs and Szeged.
According to Minister of State for Economic Strategy at the Ministry for National Economy Zoltán Cséfalvay, it is obvious that an agreement with the IMF and the European Union can be no cure-all on its own.
According to the latest flash report of the Hungarian Central Statistical Office (KSH), in August 2012 the volume of exports increased by 1.7 percent compared to the corresponding period of the previous year. Foreign trade surplus amounted to 162.87bn HUF (587.6 million EUR) which is 38.72bn HUF (133.1 million EUR) more than the surplus recorded in August.
In the future Hungarian economic policy will concentrate on investments and igniting economic growth – Minister for National Economy György Matolcsy said in Budapest at an event organized by the American Chamber of Commerce in Hungary (AmCham) on Monday.
In the initial eight months of 2012 sales of food, beverages and tobacco products managed to stagnate year-on-year in an unfavourable global economic environment. In August decline in the retail sub sector decreased from July’s 2.4 percent to 1.5 percent compared to the corresponding period of the previous year.