Hungary will keep its budget deficit this year and next under 3% of economic output and will not need to introduce new taxes, Economy Minister Mihály Varga told press.
In March-May 2013, the number of people in employment, aged 15-74 years, increased to 3 million 910 thousand, which was 62 thousand more than the level recorded in March-May 2012. In the age group of 15-64 years, the number of those in employment was 3 million 878 thousand, which constitutes an increase of 66 thousand compared to the corresponding period of 2012. In this category, the employment rate edged up to 57.9 percent which is 1.2 percentage points higher in comparison to the figure of one year ago.
The Government is doing everything in its power to make going into business worthwhile, and new opportunities will be provided within all instruments and resources between 2014 and 2020, announced the Ministry of National Economy's Parliamentary Minister of State for Economic Strategy in Budapest on Thursday.
The Ministry of National Economy's micro, small and medium-sized enterprises (SMEs) funding tender for job creation development projects contributes not only to the creation of 6500 new jobs, but also to the retention of 13 thousand existing workplaces, Sándor Czomba said on Thursday in Pécs.
In May, the number of guests received by commercial accommodation services and the number of guest nights increased by 15.2% and 13.7%, respectively, compared to the same month in the previous year, according to the latest data published today by the Central Statistical Office (KSH). Not only have the number of foreign guests increased significantly for the first time in a long while, but there was also a marked increase in domestic turnover.
Cultural representation has always been one of Hungary's strengths by which it is well recognised abroad, Foreign Minister János Martonyi said at an event organised by the cultural affairs centre Balassi Institute in Budapest on Thursday.
In an interview with French weekly news magazine L"Express, Prime Minister Viktor Orbán said that the current trend is bringing the European Union closer to an empire rather than to a union of nations, adding that it would seem the European elite still thinks we should develop towards a United States of Europe. He emphasised that he does not question the European treaties that Hungary has signed and pledged to comply with, however, the processes that follow on from the treaties must be a subject of debate.
Minister for National Economy Mihály Varga and Ericsson's Head of Customer Unit Central Europe Thomas Jul signed a Strategic Cooperation Agreement on Wednesday in Budapest at Ericsson Hungary's Research and Development Centre.
The salaries of 150,000 teachers will increase by 34 percent on average as of 1 September 2013, Minister of Human Resources Zoltán Balog announced.
State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó concluded several trade agreements with Prime Minister of Belarus Mikhail Myasnikovich in Minsk on Wednesday, thus laying the foundations for the further development of trade relations.
State Secretary for External Economic Relations and Foreign Affairs Péter Szijjártó and Director of Opel Szentgotthárd Tamás Solt announced that Opel will expand its manufacturing facility in Szentgotthárd with an investment of 60 million euro.
The consultations of the Deputy Director-General for European Affairs of the Ministry of Foreign Affairs of Japan in Budapest.
Hungary’s development ministry said it had selected two projects for the second tender of the NER300 programme, which funds innovative low-carbon technology and renewable energy projects. NER300 is managed jointly by the European Commission, the European Investment Bank and member states.
Prime Minister Viktor Orbán signed an agreement in Parliament with leaders of 16 sport associations. At the event, the Prime Minister emphasised that the goal of the agreement is to ensure that successful athletes need not work abroad.
The European Commission has approved the first draft of Hungary's Partnership Agreement on planning development resources for the 2014-20 European Union budgetary period, the state secretary in charge of economic strategy said on Tuesday.
The Financial Times' "BeyondBrics" blog published on Tuesday included an article by Minister of State for European Affairs Enikő Győri explaining why pointing the finger at Hungary in the European Parliament was unfounded and biased.
The Institute for the Mentally Ill in Berzence has won remarkable institutional development funding worth HUF one billion entirely from EU resources.
The Museum of Fine Arts invited bids for designs for the layout and arrangement of buildings and the surrounding park in Budapest’s
planned new Museum Quarter.
Hungary’s new proportional electronic toll system generated revenue of more than 2.8 billion forints (EUR 9.5m) in the first week of its operation, the National Development Ministry’s state secretary said on Monday.
Hungary’s introduction at the Smithsonian Folklife Festival at the Kennedy Center in Washington, DC, attracted over 1.5 million visitors during the past two weeks, state secretary at the Hungarian public administration ministry Mónika Balatoni said on Sunday, the closing day of the festival.
A major development of capabilities started four years ago within Hungary’s armed forces, the defence minister said in an interview. The development process will continue under the country’s military concept fully supported by NATO, he said.
This year’s assembly of the Conference of European Churches (CEC) held in Budapest is hoped to give an impetus to the notion of Europe’s renewal based on Christian values, Hungary’s Human Resources Minister Zoltán Balog said on Saturday evening, addressing the event.
The Day of Slovaks in Hungary was celebrated in Pálháza, a village on the Slovak border in north-eastern Hungary, on Saturday. In his address after an ecumenical service in the local Catholic church, Human Resources Minister Zoltán Balog emphasised the importance of friendship and mutual trust between the Hungarian and Slovak nations.
The Stipendium Hungaricum Student Scholarship Programme also contributes to the development of the host institution by increasing the capabilities of our universities and colleges to attract foreign students through assuring payment of course costs, and also contributes to increasing our international competitiveness.
The summer camp organised by the National Roma Government opened on Monday in the locality of Velence situated in Fejér County where five hundred disadvantaged and Roma children will enjoy a summer holiday in the next few weeks, thanks, inter alia, to the funding of HUF 15 million provided by the Ministry of Human Resources.
State Secretary heading the Prime Minister’s Office János Lázár has concluded an agreement with the Jewish Heritage of Hungary Public Endowment and the Conference on Jewish Material Claims Against Germany so that Holocaust survivors of Hungarian origin living in foreign countries may receive compensation as soon as possible.
In the month of June 2013, the central sub sector of the state budget registered a monthly deficit of 162.3bn HUF. Within that, the central state budget posted a deficit of 186.4bn HUF, while Extra Budgetary State Funds and Social Security Funds registered surpluses of 9.4bn HUF and 14.7bn HUF, respectively.
The Visegrad Group should cooperate closely with the Baltic states, Foreign Ministry Deputy State Secretary Gergely Prőhle declared in Riga on July 5.
The Government will treat support for small and medium-sized companies (SME) as a priority this year, Economy Minister Mihály Varga told a business forum today.
Hungary and Morocco are ideally situated to boost each other’s commercial and investment activities in their own respective regions, Hungary’s Minister of Foreign Affairs said. Morocco is an ideal bridgehead for Hungarian companies into the rest of Africa, Minister Martonyi told a joint news conference with Saad Addin Al-Osmani, his Moroccan counterpart.