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Government to table own relief package for foreign currency debtors

Ministry for National Economy, October 28, 2013 12:58 PM

In the opinion of Minister for National Economy Mihály Varga, the proposals of the Hungarian Banking Association disclosed last week do not address the two most pressing problems, and therefore the Cabinet will present its own recommendations for the relief of foreign currency debtors.

General government debt down by 4 percentage points over three years

Ministry for National Economy, October 28, 2013 12:03 PM

Hungary’s government debt-to-GDP ratio decreased by more than 4 percentage points over the past three years, Minister of State for Taxation Affairs Gábor Orbán said at a press conference in Budapest.

Deputy State Secretary Péter Wintermantel visits Japan

Ministry of Foreign Affairs, October 28, 2013 9:33 AM

Deputy State Secretary for Global Affairs Péter Wintermantel paid a visit to Japan from 24 to 26 October. During his visit, Mr Wintermantel held consultations at the Ministry of Foreign Affairs and the Japan International Cooperation Agency (JICA). Besides the official meetings, he also participated at the event celebrating 23 October, Hungary’s National Day.

Deputy Prime Minister Navracsics: plans to draw back youth to Hungary

Ministry of Public Administration and Justice, October 25, 2013 11:29 AM

Hungary must pursue the goal of drawing young people who have been staying in Europe back to their homeland, Deputy Prime Minister Tibor Navracsics said on Friday.

Plans to phase out foreign currency loans in coming years

Ministry of National Development, October 25, 2013 11:27 AM

The Ministry of National Economy is drafting a plan that would see the monthly payments of foreign currency mortgage holders drop by 15-20 percent from 2014 and the loans themselves phased out over the next 3-5 years.

Hungarian Post Company and new savings cooperative integration to form closer future ties to promote development in rural Hungary

Ministry of National Development, October 25, 2013 10:18 AM


By reforming the system of savings cooperatives, the Government does not only perform an economic policy task but aspires to achieve important social and development policy goals as well: primarily to improve the development of rural Hungary. Since, in many places, there are only post offices or only savings cooperatives available, it is very important goal to provide national coverage of the comprehensive range of banking, insurance, investment and postal products and services.

Minister of Defence Csaba Hende has separate talks as well with Defence Secretary Chuck Hagel NATO MoDs meet in Brussels

Ministry of Defence, October 25, 2013 8:20 AM

During the meeting of NATO Ministers of Defence in Brussels Hungarian Minister of Defence Mr Csaba Hende had separate talks as well with his American counterpart Mr Chuck Hagel on 22nd October.

Csaba Hende: Minor Changes in Missile Defence, Afghanistan not to be Abandoned

Ministry of Defence, October 25, 2013 8:18 AM

“Changes in the European missile defence system are insignificant, but the Russians seem willing to participate in further negotiations. The most important lesson regarding the situation in Afghanistan is that Afghanistan must not be abandoned,” said Mr. Csaba Hende Minister of Defence in his interview given to the Hungarian News Agency, MTI, after his meeting with the Defence Ministers of NATO Member States on Wednesday, 23rd October.

Minister of State Cséfalvay spoke about innovation strategy at biotechnology conference

Ministry for National Economy, October 24, 2013 5:29 PM

The Biotechnology Outreach Conference, organised by the Hungarian Biotechnology Association took place in Budapest October 24. Minister of State Cséfalvay, who was the patron of the event made the opening remarks. He talked about Hungarian economic policy also with regard to future plans, as well as the Government’s innovation strategy.

János Martonyi pays tribute Sir Georg Solti at the inauguration of his statue

Ministry of Foreign Affairs, October 24, 2013 5:12 PM

On October 22, a statue commemorating world-famous Hungarian-born conductor Sir Georg Solti was inaugurated in front of the freshly renovated Liszt Academy of Music in Budapest; Foreign Minister János Martonyi gave a speech at the inauguration ceremony.

Szabolcs Takács: 2013 is the breakthrough year in Hungarian-Turkish relations

Ministry of Foreign Affairs, October 24, 2013 4:41 PM

Szabolcs Takács, Political Director at the Hungarian Ministry of Foreign Affairs, declared that 2013 has been „the year of breakthrough” in Hungarian-Turkish relations, and that the long-term goal was to advance bilateral cooperation to a strategic level.

Minister Varga: Deficit target will be met in the 2014 budget

Ministry for National Economy, October 24, 2013 4:37 PM

The deficit target in the 2014 budget will be met thanks to reserves, Minister of National Economy Mihály Varga told lawmakers ahead of a debate of the budget bill.

Beyond the continuous increase of real wages the government will improve further the livelihood of families next year

Ministry for National Economy, October 24, 2013 4:21 PM

In the eighth month of the year, wages increased by 4.8 percent in real terms, thus the positive trend in place since the beginning of the year is continuing. According to the report of the Hungarian Central Statistical Office (KSH), in January-August 2013 gross and net average wages within the national economy were 3.4 percent and 4.8 percent higher, respectively, year-on-year. Parallel to benign inflation growth of 2.1 percent, wages gained 2.6 percent in real terms in the observed period.

Record numbers take part in public work programme

Ministry for National Economy, October 24, 2013 4:19 PM

A record number, a total of 200 thousand people will participate in the Government’s public employment programme during this year’s winter period (form November until the end of April), Minister of State for Employment Sándor Czomba of the Ministry for National Economy announced.

Deputy State Secretary Péter Wintermantel visits Singapore

Ministry of Foreign Affairs, October 24, 2013 8:59 AM

Deputy State Secretary for Global Affairs Péter Wintermantel paid a visit to Singapore on 22-23 October. The aim of the trip was to prepare for the visit of the President of Singapore to Hungary in November.

“Get home safe!” - National traffic safety programme reaches implementation phase on motorways too

Ministry of National Development, October 24, 2013 8:46 AM

The total value of the New Széchenyi Plan package of developments targeted at the prevention of road accidents causing personal injury is over HUF 55 billion. The investments to be implemented on the expressway system in the first round, from a budget of over HUF 13.5bn, may be completed by the end of next year. The project launching event of the State Motorway Management Co. Ltd. was held at the Company’s customer service at Rest Area M3 Szilas on 22 October 2013.

Government support enables completion of Pólus Project in Kaposvár

Ministry of National Development, October 24, 2013 8:44 AM

Minister of National Development Zsuzsa Németh delivered an address at the topping out ceremony of Somogy County Kaposi Mór Teaching Hospital in Kaposvár on 22 October, 2013. Enabled by the additional grant of HUF 2.5 billion awarded by the Government, the comprehensive reconstruction of Somogy County Kaposi Mór Teaching Hospital can be implemented by June 2015, it was mentioned at the event.

Prime Minister addresses public on 23 October national holiday

Prime Minister’s Office, October 23, 2013 7:34 PM

The whole free world honours the Hungarians of 1956 who fought an open war against the communist system which had kept everyone in fear, and which was proven to be "irreparable", Prime Minister Viktor Orbán said at the state ceremony to commemorate the October 23 national holiday at Heroes' Square, Budapest.

Revolution of 1956 remembered across Hungary

Government, October 23, 2013 1:32 PM

Commemorations were held in Budapest and other cities and towns today to mark the 57th anniversary of the Hungarian revolution and freedom fight of 1956.

Vietnamese finance ministry delegation received by State Secretary Szijjártó

Prime Minister’s Office, October 22, 2013 5:40 PM

State secretary for foreign affairs and external economic relations Péter Szijjártó met with a delegation from Vietnam’s finance and investment ministry in Budapest on Tuesday.