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Budget deficit targets safe, says Minister Varga

Ministry for National Economy, July 12, 2013 9:02 AM

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.

Latest data indicate that positive labour market trends persist

Ministry for National Economy, July 12, 2013 8:51 AM

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

Ministry for National Economy, July 11, 2013 4:27 PM

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.

Czomba: Job creation funding for SMEs also contributes to retaining workplaces

Ministry for National Economy, July 11, 2013 2:22 PM

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.

Tourism performs excellently: double figure increase in guest turnover in May

Ministry for National Economy, July 11, 2013 1:38 PM

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 is one of Hungary’s strengths

Ministry of Foreign Affairs, July 11, 2013 1:37 PM

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.

Prime Minister Viktor Orbán interview in L’Express

Prime Minister’s Office, July 10, 2013 6:13 PM

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.

The Government has concluded a Strategic Cooperation Agreement with Ericsson

Ministry for National Economy, July 10, 2013 5:13 PM

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.

Teachers to receive 34 percent pay rise

Ministry of Human Resources, July 10, 2013 5:06 PM

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.

Péter Szijjártó signs trade agreements with Belarus Prime Minister

Prime Minister’s Office, July 10, 2013 5:01 PM

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.