Bridgestone of Japan, the world number one rubber tire producer for motor vehicles, will triple its production capacity at the Tatabánya plant by creating 505 new jobs.
At the invitation of Finance Minister of Austria Maria Fekter, on 18 October 2012 Minister for National Economy György Matolcsy met with Finance Minister of Bavaria Markus Söder in Vienna.
In August 2012 gross average wages in the private sector were up by 6.6 percent, while net wages excluding family tax allowances increased by 3.6 percent in comparison to the same period of the previous year – the statistical release of the Hungarian Central Statistical Office (KSH) reported earlier today.
Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.
Although the Hungarian Government, along with leading financial analysts, forecasted that the fiscal adjustment measures announced earlier in October would be sufficient to meet the 2013 budget targets, the Government has decided to complement those measures with a further adjustment package worth 367 billion forints (EUR 1.3bn) in 2013, thus avoiding any new steps in the Excessive Deficit Procedure against the country, Economy Minister György Matolcsy told a press conference on 17 October.
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone and which has created large-scale uncertainty for each participant. According to his argument, this is the reason why Hungary needs the EU/IMF agreement which will be concluded “some time later on”, but “as soon as possible”.
At the weekend the European Skills Competition for young skilled workers was held in Spa-Francorchamps in Belgium (EuroSkills 2012). At the event organized by the Hungarian Chamber of Commerce and Industry (MKIK) the Hungarian team has achieved its best ever result by winning 5 gold, 1 silver and 5 bronze medals. This excellent performance placed Hungary as the fifth most successful among the 24 participating countries.
Minister of State Zoltán Cséfalvay of the Ministry for National Economy identified financial stability as a precondition of growth on Thursday at a conference on the European situation held in Brussels which was organized by Friends of Europe, an independent think tank.
In the month of September 2012 the central sub sector of the state budget registered a surplus of 13.7bn HUF. In comparison, in September 2011 the central sub sector of the state budget registered a deficit of 26 bn HUF.
Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.