Ministry for National Economy

Mihály Varga

Minister for National Economy

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Bridgestone to triple production capacity in Tatabánya

Ministry for National Economy, October 24, 2012 9:49 AM

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.

Minister Matolcsy met with Austrian and Bavarian Finance Ministers in Vienna

Ministry for National Economy, October 18, 2012 5:10 PM

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.

Gross average wages increased in August by 6.6 percent in the private sector

Ministry for National Economy, October 18, 2012 4:58 PM

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.

EDP progress report (18 october 2012)

Ministry for National Economy, October 18, 2012 11:41 AM

Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.

The Hungarian Government announces a new set of fiscal measures

Ministry for National Economy, October 17, 2012 7:23 PM

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.

Minister of State Cséfalvay on the Hungarian economy and talks with the IMF

Ministry for National Economy, October 16, 2012 6:16 PM

“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”.

Excellent Hungarian results at the European Skills Competition

Ministry for National Economy, October 11, 2012 4:43 PM

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 Cséfalvay spoke about the importance of financial stability in Brussels

Ministry for National Economy, October 11, 2012 4:11 PM

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.

Budget surplus of 13.7 billion forints registered in September

Ministry for National Economy, October 9, 2012 11:16 AM

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.

EDP progress report (2012 october)

Ministry for National Economy, October 5, 2012 1:16 PM

Report on the measures taken in response to Council recommendation of 13 march 2012 under the excessive deficit procedure.