Ministry for National Economy

Mihály Varga

Minister for National Economy

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Selling Mol shares not among plans

Ministry for National Economy, November 9, 2012 2:21 PM

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.

Minister of State Cséfalvay: 2012 is the year of trend reversal regarding deficit and general government debt

Ministry for National Economy, November 8, 2012 4:19 PM

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.

„Cornerstones" for 2013 budget in place

Ministry for National Economy, November 7, 2012 6:19 PM

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%.

Hungary excels in general government debt reduction

Ministry for National Economy, November 7, 2012 5:29 PM

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.

The state of the central sub sector of the state budget in october 2012

Ministry for National Economy, November 7, 2012 5:26 PM

Key data of the central sub sector of the state budget in October 2012.

National consultation forum launched on the National Research, Development and Innovation Strategy

Ministry for National Economy, November 6, 2012 3:29 PM

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.

IMF-EU agreement no panacea on its own

Ministry for National Economy, October 31, 2012 2:47 PM

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.

Foreign trade recorded a significant surplus again in August

Ministry for National Economy, October 31, 2012 11:25 AM

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.

Hungarian economic policy will focus on investments and growth

Ministry for National Economy, October 29, 2012 1:29 PM

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.

Improving retail sales numbers in August 2012

Ministry for National Economy, October 25, 2012 10:46 AM

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.