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  <title type="text">Hungarian Outlook</title>
  <subtitle type="text">2010-2014.kormany.hu - Hungarian Outlook</subtitle>
  <updated>2026-04-15T06:00:29+02:00</updated>
  <generator>2010-2014.kormany.hu</generator>
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  <id>http://2010-2014.kormany.hu/rss/en/ministry-for-national-economy/hungarian-outlook</id>
  <entry>
    <title type="html"><![CDATA[Encouraging signs of a lasting recovery]]></title>
    <summary type="html"><![CDATA[In the second half of 2013, some encouraging signs have emerged within the Hungarian economy that have been confirmed by recently published preliminary and detailed GDP data for the first quarter of 2014. Hungary’s GDP increased by 3.5 percent in Q1 2014 compared to the corresponding period of the previous year. In international comparison, Hungary’s 1.1 percent quarter-on-quarter growth was – along with Poland’s – the highest within the European Union. The main forward-looking indicators are also signalling that the expectations of domestic market participants are positive: the economic sentiment index of the Hungarian Development Bank (MFB) has reached a new record with several sub-indices jumping to all-time highs, while the Purchasing Manager Index of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) continues to indicate the firm future expansion of the sector.]]></summary>
    <published>2014-06-05T16:03:00+02:00</published>
    <updated>2014-06-05T16:03:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/encouraging-signs-of-a-lasting-recovery"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/encouraging-signs-of-a-lasting-recovery</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Investment in Hungary gathered steam in 2013]]></title>
    <summary type="html"><![CDATA[As far as investment in Hungary is concerned, post-crisis years had been characterized by diminishing investment volume. This trend was reversed in 2013 when year-on-year growth of 7.2 percent was recorded. Within that, the investment volume of machinery and equipment gained 8.5 percent, while that of the construction sector was up by 5.9 percent. In 2013, business environment also had a favourable impact on the decisions of enterprises: improved lending and the speed-up of the utilization of EU funds have both contributed to the positive U-turn in the propensity of the private sector to invest.]]></summary>
    <published>2014-05-29T16:02:00+02:00</published>
    <updated>2014-05-29T16:02:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-in-hungary-gathered-steam-in-2013"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-in-hungary-gathered-steam-in-2013</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian economic growth in European top league again]]></title>
    <summary type="html"><![CDATA[In light of preliminary data, the pace of Hungarian economic growth gained momentum in Q1 2014. In January-March 2014, GDP was up by 3.5 percent in comparison to the corresponding period of the previous year, an unprecedented increase since 2006. Data for Q3 and Q4 2013 were already above prior expectations, but this year’s first quarter figure significantly exceeded the 2.7 percent growth forecast of analysts. In light of first quarter GDP data, it can be reasonably expected that for the entire year of 2014 GDP growth will be above the 2.3 percent estimate prognosticated by the Government. ]]></summary>
    <published>2014-05-22T16:32:00+02:00</published>
    <updated>2014-05-22T16:32:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economic-growth-in-european-top-league-again"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economic-growth-in-european-top-league-again</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Industrial output growth is at a three-year record high]]></title>
    <summary type="html"><![CDATA[Following an increase of 8.1 percent in February 2014, industrial output was up by 10.6 percent year-on-year in March 2014 which has been unprecedented since February 2011.]]></summary>
    <published>2014-05-15T16:08:00+02:00</published>
    <updated>2014-05-15T16:08:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/industrial-output-growth-is-at-a-three-year-record-high"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/industrial-output-growth-is-at-a-three-year-record-high</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[European Commission published favourable figures on Hungary]]></title>
    <summary type="html"><![CDATA[The Spring Forecast of the European Commission contains economic projections which are similar to those in the macroeconomic outlook of the Convergence Programme. This confirms that the Hungarian Government’s forecast is reliable and trustworthy. The majority of data published by the Commission are better than those in the Winter Forecast 2014.]]></summary>
    <published>2014-05-08T16:01:00+02:00</published>
    <updated>2014-05-08T16:01:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-published-favourable-figures-on-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-published-favourable-figures-on-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Remarkable tourism night growth at hotels in the month of February]]></title>
    <summary type="html"><![CDATA[In February, the number of tourism nights at hotels was up significantly: demand by domestic and foreign guests increased by 12 percent and 9.2 percent, respectively, in comparison to the corresponding period of the previous year. In addition to domestic consumption growth, the positive figures have been the result of favourable weather conditions and the increasing popularity of SZÉP Card.]]></summary>
    <published>2014-04-24T16:06:00+02:00</published>
    <updated>2014-04-24T16:06:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/remarkable-tourism-night-growth-at-hotels-in-the-month-of-february"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/remarkable-tourism-night-growth-at-hotels-in-the-month-of-february</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary’s industrial output growth among the highest in Europe]]></title>
    <summary type="html"><![CDATA[Industrial output in Hungary was again significantly higher in the second month of the year, and thus the upward trend in place since 2013 is continuing. In February 2014, industrial output volume index was up by 8.1 percent – according to both unadjusted and workday-adjusted data – in comparison to the corresponding period of 2013. This figure is the best in three years, as it has been the fastest February growth registered since the same period in 2011.]]></summary>
    <published>2014-04-18T11:39:00+02:00</published>
    <updated>2014-04-18T11:39:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-output-growth-among-the-highest-in-europe"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-output-growth-among-the-highest-in-europe</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Volume of exports continue to increase in Hungary]]></title>
    <summary type="html"><![CDATA[In the first month of 2014, foreign trade posted a surplus of EUR 482 million, up by EUR 209 million compared to January 2013 and higher than the figure published in the preliminary report. In January, the volume of exports and imports increased by 6.1 percent and 3.6 percent, respectively. According to the latest preliminary data published by the Hungarian Central Statistical Office (KSH), in February 2014 the surplus of foreign trade totalled some EUR 766 million.]]></summary>
    <published>2014-04-10T16:10:00+02:00</published>
    <updated>2014-04-10T16:10:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/volume-of-exports-continue-to-increase-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/volume-of-exports-continue-to-increase-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive labour markets trends continue in Hungary]]></title>
    <summary type="html"><![CDATA[According to the Hungarian Central Statistical Office (KSH), positive employment and unemployment trends have continued. In the period December 2013-February 2014, the number of people aged 15-74 years in employment increased from 3 million 817 thousand one year ago to 4 million 53 thousand, up by 236 thousand and reaching another 22-year record high.]]></summary>
    <published>2014-04-03T16:03:00+02:00</published>
    <updated>2014-04-03T16:03:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-labour-markets-trends-continue-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-labour-markets-trends-continue-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable trends are continuing: Hungarian consumer confidence index at an eight-year high]]></title>
    <summary type="html"><![CDATA[According to the latest data, in March 2014 the seasonally adjusted GKI-Erste economic sentiment index continued to improve. In light of the survey conducted by GKI Economic Research, the economic sentiment index edged higher to -0.7 points in March, the best figure in over ten years: a better reading was last seen in August 2002. This favourable piece of data confirms the positive trend which has been in place since the first months of 2013.]]></summary>
    <published>2014-03-27T16:06:00+01:00</published>
    <updated>2014-03-27T16:06:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-are-continuing-hungarian-consumer-confidence-index-at-an-eight-year-high"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-are-continuing-hungarian-consumer-confidence-index-at-an-eight-year-high</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Number of arrivals increased at accommodation establishments in Hungary]]></title>
    <summary type="html"><![CDATA[According to the flash report of the Hungarian Central Statistical Office (KSH) published on 18 March, in January 2018 the number of tourism nights by domestic and foreign guests was up by 16 percent and 11 percent, respectively, in comparison to the corresponding period of the previous year. Gross revenues at accommodation establishments -- calculated at current prices -- were 17 percent higher. As a whole, the number of arrivals increased by 14 percent year-on-year.]]></summary>
    <published>2014-03-20T17:22:00+01:00</published>
    <updated>2014-03-20T17:22:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/number-of-arrivals-increased-at-accommodation-establishments-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/number-of-arrivals-increased-at-accommodation-establishments-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary’s industrial output growth expected to continue this year]]></title>
    <summary type="html"><![CDATA[In light of the report published by the Hungarian Central Statistical Office (KSH) earlier this week, industrial output rebound which began in 2013 will continue this year as in January 2014 industrial sector output – according to both unadjusted and workday-adjusted data – increased by 6.1 percent in comparison to the corresponding period of 2013.]]></summary>
    <published>2014-03-13T16:38:00+01:00</published>
    <updated>2014-03-13T16:38:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-output-growth-expected-to-continue-this-year"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-output-growth-expected-to-continue-this-year</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Investment growth figure the highest in almost a decade]]></title>
    <summary type="html"><![CDATA[According to the latest report of the Hungarian Central Statistical Office (KSH), in the last quarter of 2013 the volume of investment increased by 14.9 percent year-on-year, which growth figure was last seen in Q1 2004.]]></summary>
    <published>2014-03-06T16:20:00+01:00</published>
    <updated>2014-03-06T16:20:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-growth-figure-the-highest-in-almost-a-decade"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-growth-figure-the-highest-in-almost-a-decade</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[European Commission sees improved Hungarian economic outlook]]></title>
    <summary type="html"><![CDATA[According to the European Commission’s Winter Forecast, Hungary’s real GDP growth is estimated to be 2.1 percent both in 2014 and 2015, which is an upward revision of the former prognosis.]]></summary>
    <published>2014-02-27T16:02:00+01:00</published>
    <updated>2014-02-27T16:02:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-sees-improved-hungarian-economic-outlook"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-sees-improved-hungarian-economic-outlook</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary among European top performers with GDP growth of 2.7 percent in Q4 2013]]></title>
    <summary type="html"><![CDATA[According to the latest data by the Hungarian Central Statistical Office (KSH), Hungary’s economic growth has gathered speed. The 1.8 percent GDP growth registered in Q3 2013 already exceeded analysts’ expectations, while GDP gained 2.7 percent in the last quarter of 2013, year-on-year.]]></summary>
    <published>2014-02-20T17:24:00+01:00</published>
    <updated>2014-02-20T17:24:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-among-european-top-performers-with-gdp-growth-of-2-72-percent-in-q4-2013"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-among-european-top-performers-with-gdp-growth-of-2-72-percent-in-q4-2013</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Momentum unbroken for Hungary’s industry upswing]]></title>
    <summary type="html"><![CDATA[The Government’s active industrial policy has been bearing fruits: according to the latest report of the Hungarian Central Statistical Office (KSH), in December 2013 the volume of Hungary’s industrial output increased by 6.8 percent compared to the corresponding period of 2012. Workday-adjusted data show growth of 4.4 percent. For the whole year, industrial output was up by 1.4 percent compared to 2012, driven mainly by the vehicle manufacturing sector.]]></summary>
    <published>2014-02-13T16:32:00+01:00</published>
    <updated>2014-02-13T16:32:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/momentum-unbroken-for-hungary-s-industry-upswing"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/momentum-unbroken-for-hungary-s-industry-upswing</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable indices of the Hungarian economy]]></title>
    <summary type="html"><![CDATA[The seasonally adjusted Purchasing Manager Index (PMI) for January 2014 increased to 57.9 points, according to the press release of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM).]]></summary>
    <published>2014-02-06T16:17:00+01:00</published>
    <updated>2014-02-06T16:17:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-indices-of-the-hungarian-economy"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-indices-of-the-hungarian-economy</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The number of people in work exceeds 4 million in Hungary]]></title>
    <summary type="html"><![CDATA[Employment has further improved in Hungary: in the period October-December 2013, in light of year-on-year data, the upward trend concerning the number of those in employment was unbroken.]]></summary>
    <published>2014-01-30T16:03:00+01:00</published>
    <updated>2014-01-30T16:03:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-number-of-people-in-work-exceeds-4-million-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-number-of-people-in-work-exceeds-4-million-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[OECD also predicts improving economic output]]></title>
    <summary type="html"><![CDATA[The OECD has revised upward its growth estimate for Central and Eastern European countries. As far as Hungary is concerned, the organization prognosticates growth of 1.2 percent for 2013, 2.0 percent for 2014 and 1.7 percent for 2015.]]></summary>
    <published>2014-01-23T08:56:00+01:00</published>
    <updated>2014-01-23T08:56:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/oecd-also-predicts-improving-economic-output"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/oecd-also-predicts-improving-economic-output</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary’s 2013 fiscal deficit expected to be below prior estimate]]></title>
    <summary type="html"><![CDATA[The preliminary fiscal deficit estimate for 2013 totals HUF 929.2bn, some HUF 200bn below the deficit figure projected in the budget act. Preliminary cash-flow data on revenues and expenditures also confirm expectations that the deficit target, calculated in line with EU methodology, will be below 3 percent of GDP in 2013, while in percentage of GDP it may even be 2.7 percent, or – under auspicious conditions – as low as 2.3 percent.]]></summary>
    <published>2014-01-16T16:03:00+01:00</published>
    <updated>2014-01-16T16:03:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-2013-fiscal-deficit-expected-to-be-below-prior-estimate"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-2013-fiscal-deficit-expected-to-be-below-prior-estimate</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Economic sentiment index at 10-year high]]></title>
    <summary type="html"><![CDATA[On the basis of the latest data, the seasonally adjusted economic sentiment index of GKI-Erste improved further in December 2013. According to the GKI survey, the economic sentiment index increased to -2.9 points in December, and it is the best reading in more than 10 years: the indicator exceeded this level only in October 2002.]]></summary>
    <published>2014-01-09T16:03:00+01:00</published>
    <updated>2014-01-09T16:03:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/economic-sentiment-index-at-10-year-high"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/economic-sentiment-index-at-10-year-high</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive macroeconomic data in Hungary]]></title>
    <summary type="html"><![CDATA[According to the press release of the Hungarian Central Statistical Office (KSH), in October 2013 industrial output was 6 percent higher in comparison to the corresponding period of 2012. Both workday-adjusted and unadjusted data show an increase of 6 percent. In light of EU data it can be concluded that in October Hungary was the third best within the EU on the year-on-year industrial performance ranking.]]></summary>
    <published>2013-12-19T16:15:00+01:00</published>
    <updated>2013-12-19T16:15:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-macroeconomic-data-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-macroeconomic-data-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian economic growth above EU average]]></title>
    <summary type="html"><![CDATA[According to the report of the Hungarian Central Statistical Office (KSH) published recently, in the third quarter of 2013 Hungarian GDP increased by 1.8 percent in comparison to the corresponding period of the previous year, which is 0.1 percent above the figure that preliminary data had signalled.]]></summary>
    <published>2013-12-12T17:49:00+01:00</published>
    <updated>2013-12-12T17:49:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economic-growth-above-eu-average"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economic-growth-above-eu-average</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Investment growth breaks a record of almost ten years]]></title>
    <summary type="html"><![CDATA[According to the latest data by the Hungarian Central Statistical Office (KSH), in the third quarter of this year the investment rate increased by 9.8 percent, a gain unprecedented since 2004. As the majority of national economic sectors contributed to the extraordinary growth signals that future expansion is based on a steady and sound economic structure.]]></summary>
    <published>2013-12-05T16:04:00+01:00</published>
    <updated>2013-12-05T16:04:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-growth-breaks-a-record-of-almost-ten-years"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-growth-breaks-a-record-of-almost-ten-years</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive real wage and employment trends]]></title>
    <summary type="html"><![CDATA[On the basis of data published in the flash report of the Hungarian Central Statistical Office (KSH), it can be concluded that the trend of increasing real wages in place since January 2013 has continued in the ninth month of the year in Hungary.]]></summary>
    <published>2013-11-29T08:23:00+01:00</published>
    <updated>2013-11-29T08:23:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-real-wage-and-employment-trends"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-real-wage-and-employment-trends</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian economy performs better than formerly predicted]]></title>
    <summary type="html"><![CDATA[According to preliminary data by the Hungarian Central Statistical Office (KSH), in the third quarter of 2013 the Hungarian economy expanded – well above analysts’ consensus estimate of 0.8 percent – by 1.7 percent, in comparison to the corresponding period of the previous year.]]></summary>
    <published>2013-11-21T17:11:00+01:00</published>
    <updated>2013-11-21T17:11:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economy-performs-better-than-formerly-predicted"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-economy-performs-better-than-formerly-predicted</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The European Commission believes the performance of the Hungarian economy is improving]]></title>
    <summary type="html"><![CDATA[According to the autumn forecast of the European Commission, Hungary’s major economic indices are signalling improvement for the coming years. The differences between the opinion of the Government and that of Brussels on growth and the government budget deficit are narrowing; the forecast of the Commission has adopted a more positive stance compared to the spring prognosis.]]></summary>
    <published>2013-11-14T16:15:00+01:00</published>
    <updated>2013-11-14T16:15:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-european-commission-believes-the-performance-of-the-hungarian-economy-is-improving"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-european-commission-believes-the-performance-of-the-hungarian-economy-is-improving</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Outstanding growth of minimum wage calculated at purchasing power parity in Hungary]]></title>
    <summary type="html"><![CDATA[In light of Eurostat data, a positive minimum wage trend has evolved in Hungary. The average annual growth rate of gross minimum wage calculated at purchasing power parity amounted to 9.89 percent between 2010 and 2013, which is the largest increase among OECD member countries.]]></summary>
    <published>2013-11-11T09:12:00+01:00</published>
    <updated>2013-11-11T09:12:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/outstanding-growth-of-minimum-wage-calculated-at-purchasing-power-parity-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/outstanding-growth-of-minimum-wage-calculated-at-purchasing-power-parity-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Upward employment trend continues: number of people in employment nearing 4 million]]></title>
    <summary type="html"><![CDATA[In Hungary, the number of people in employment continued to rise, as 54 thousand more people were in employment in July-September 2013 compared to the corresponding period of the previous year, according to the flash report of the Hungarian Central Statistical Office (KSH) published last week. The total number of people in employment thus reached a historic peak of 3 million 990 thousand.]]></summary>
    <published>2013-10-31T16:05:00+01:00</published>
    <updated>2013-10-31T16:05:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/upward-employment-trend-continues-number-of-people-in-employment-nearing-4-million"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/upward-employment-trend-continues-number-of-people-in-employment-nearing-4-million</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Beyond the continuous increase of real wages the government will improve further the livelihood of families next year]]></title>
    <summary type="html"><![CDATA[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.]]></summary>
    <published>2013-10-24T16:21:00+02:00</published>
    <updated>2013-10-24T16:21:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/beyond-the-continuous-increase-of-real-wages-the-government-will-improve-further-the-livelihood-of-families-next-year"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/beyond-the-continuous-increase-of-real-wages-the-government-will-improve-further-the-livelihood-of-families-next-year</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Auspicious trends within the Hungarian economy]]></title>
    <summary type="html"><![CDATA[In August 2013 – in light of both unadjusted and workday-adjusted data – the volume of construction sector output increased significantly, by 14.6 percent, in comparison to the corresponding period of the previous year.]]></summary>
    <published>2013-10-17T16:25:00+02:00</published>
    <updated>2013-10-17T16:25:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-outlook-auspicious-trends-within-the-hungarian-economy"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-outlook-auspicious-trends-within-the-hungarian-economy</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive outlook persists within the manufacturing sector]]></title>
    <summary type="html"><![CDATA[According to the press release of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), the seasonally adjusted Purchasing Manager Index (PMI) increased to 54.5 points in September. This figure is 2.7 percentage points higher than that of August, which signals a significant improvement in the outlook of manufacturing sector enterprises.]]></summary>
    <published>2013-10-11T11:41:00+02:00</published>
    <updated>2013-10-11T11:41:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-outlook-persists-within-the-manufacturing-sector"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-outlook-persists-within-the-manufacturing-sector</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Employment at record high]]></title>
    <summary type="html"><![CDATA[Employment increased further in Hungary: in June-August 2013, 67 thousand more people were in employment compared to the corresponding period of the previous year. The number of people in employment aged 15-74 years hit a historic high of 3 million 981 thousand. This figure is 1.7 percent higher than that of the same period of 2012, while the employment rate improved to 52.2 percent among those aged 15-74 years.]]></summary>
    <published>2013-10-03T16:51:00+02:00</published>
    <updated>2013-10-03T16:51:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-at-record-high"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-at-record-high</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Real wages continue to rise]]></title>
    <summary type="html"><![CDATA[In light of data by the Hungarian Central Statistical Office (KSH), the positive trend of increasing real wages – in place since the beginning of the year – is continuing. In January-July 2013, average gross and net wages were up year-on-year by 3.2 percent and 4.6 percent, respectively, within the national economy.]]></summary>
    <published>2013-09-26T16:28:00+02:00</published>
    <updated>2013-09-26T16:28:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/real-wages-continue-to-rise"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/real-wages-continue-to-rise</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary’s industrial performance among the best in Europe]]></title>
    <summary type="html"><![CDATA[In July 2013, industrial output gained 4.8 percent in comparison to the corresponding period of 2012. This figure places Hungary as the fifth best on the growth ranking of the EU 28. The success of the Hungarian economy depends largely on the success of the productive sector, and that is why the Government of Hungary has been pursuing a proactive industrial policy ever since it took office. The Government measures aimed at boosting competitiveness, investment and industrial production have contributed to the excellent data in July, through which Hungary belongs to the top performers within the European Union.]]></summary>
    <published>2013-09-19T16:06:00+02:00</published>
    <updated>2013-09-19T16:06:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-performance-among-the-best-in-europe"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-industrial-performance-among-the-best-in-europe</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[A record-breaking summer tourism season is expected]]></title>
    <summary type="html"><![CDATA[The tourism sector continues to be characterized by excellent data: the number of tourism nights, which has been rising steadily since May on an annual basis, was up again in July.]]></summary>
    <published>2013-09-12T16:05:00+02:00</published>
    <updated>2013-09-12T16:05:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/a-record-breaking-summer-tourism-season-is-expected"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/a-record-breaking-summer-tourism-season-is-expected</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Investment data and manufacturing sector PMI signal recovery]]></title>
    <summary type="html"><![CDATA[The latest data of the Hungarian Central Statistical Office (KSH) point to investment growth within the Hungarian economy, which was last seen before the onset of the crisis, in 2007. In comparison to the corresponding period of the previous year, expansion was 4.6 percent in Q1 2013, which exceeds even the figure of 2.6 percent registered in the fourth quarter of 2007.]]></summary>
    <published>2013-09-05T16:02:00+02:00</published>
    <updated>2013-09-05T16:02:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-data-and-manufacturing-sector-pmi-signal-recovery"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/investment-data-and-manufacturing-sector-pmi-signal-recovery</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Employment rate hits a multi-year high]]></title>
    <summary type="html"><![CDATA[Favourable labour market tendencies within the Hungarian economy are continuing. On an annual basis, the number of people in employment has been rising steadily since the second half of 2010.]]></summary>
    <published>2013-08-29T16:07:00+02:00</published>
    <updated>2013-08-29T16:07:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-rate-hits-a-multi-year-high"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-rate-hits-a-multi-year-high</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive developments within the Hungarian economy]]></title>
    <summary type="html"><![CDATA[According to the latest data compiled by the Hungarian Central Statistical Office (KSH), in July 2013 consumer prices were 1.8 percent higher compared to the level of July 2012. Muted consumer price inflation growth was primarily attributable to the cut in household energy prices.]]></summary>
    <published>2013-08-22T16:37:00+02:00</published>
    <updated>2013-08-22T16:37:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-developments-within-the-hungarian-economy"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-developments-within-the-hungarian-economy</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary’s second quarter GDP increased by 0.5 percent year-on-year]]></title>
    <summary type="html"><![CDATA[According to preliminary data by the Hungarian Central Statistical Office (KSH), in the second quarter of 2013 the Hungarian economy expanded by 0.5 percent in comparison to the corresponding period of the previous year.]]></summary>
    <published>2013-08-15T16:01:00+02:00</published>
    <updated>2013-08-15T16:01:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-second-quarter-gdp-increased-by-0-5-percent-year-on-year"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-s-second-quarter-gdp-increased-by-0-5-percent-year-on-year</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian labour market trends outstanding even from a European perspective]]></title>
    <summary type="html"><![CDATA[According to the flash report of the Hungarian Central Statistical Office published last week, the total number of those in employment continued to increase in comparison to the corresponding period of 2012. In the period April-June 2013, the number of those in employment aged 15-74 years was up by 55 thousand, to 3 million 931 thousand, compared to the same period of the previous year which corresponds to an increase of 1.4 percent over the past year.]]></summary>
    <published>2013-08-08T16:00:00+02:00</published>
    <updated>2013-08-08T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-labour-market-trends-outstanding-even-from-a-european-perspective"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-labour-market-trends-outstanding-even-from-a-european-perspective</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Level of Hungarian economy’s external debt decreasing steadily]]></title>
    <summary type="html"><![CDATA[Hungary’s external debt level is characterized by a positive trend which has been in place for almost two years: since the third quarter of 2011, the external debt of the Hungarian economy has decreased by some 18.7 percent of GDP. The improvement of the external debt indicator – a key benchmark for Hungary’s risk assessment – is a favourable change from the aspect of the stability of the country in general and the financial status in particular.]]></summary>
    <published>2013-08-01T16:00:00+02:00</published>
    <updated>2013-08-01T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/level-of-hungarian-economy-s-external-debt-decreasing-steadily"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/level-of-hungarian-economy-s-external-debt-decreasing-steadily</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Purchasing power of wages increasing unabated]]></title>
    <summary type="html"><![CDATA[According to the latest statistics of the Hungarian Central Statistical Office (KSH), the positive trend of improving real wages – in place since the beginning of the year – is continuing.]]></summary>
    <published>2013-07-25T16:12:00+02:00</published>
    <updated>2013-07-25T16:12:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-power-of-wages-increasing-unabated"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-power-of-wages-increasing-unabated</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Ongoing expansion in tourism: significant increase in domestic turnover]]></title>
    <summary type="html"><![CDATA[Tourism is one of the fastest recovering sectors following the crisis; the main tourism-related indices reached their pre-crisis level again by 2011, and grew further significantly exceeding figures in 2012. In 2013 the favorable trend is continuing.]]></summary>
    <published>2013-07-18T16:00:00+02:00</published>
    <updated>2013-07-18T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/ongoing-expansion-in-tourism-significant-increase-in-domestic-turnover"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/ongoing-expansion-in-tourism-significant-increase-in-domestic-turnover</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Latest data indicate that positive labour market trends persist]]></title>
    <summary type="html"><![CDATA[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.]]></summary>
    <published>2013-07-12T08:51:00+02:00</published>
    <updated>2013-07-12T08:51:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/latest-data-indicate-that-positive-labour-market-trends-persist"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/latest-data-indicate-that-positive-labour-market-trends-persist</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Outstanding foreign trade surplus in Hungary driven by rapid export growth]]></title>
    <summary type="html"><![CDATA[Real economic transactions within current accounts in Hungary have posted significant surpluses in recent years. One key element of that has been the positive foreign trade turnover trend which began after 2009: Hungarian foreign trade has registered permanent and steady surpluses since the onset of the global economic crisis as the value of Hungarian exports has repeatedly exceeded imports.]]></summary>
    <published>2013-07-04T16:08:00+02:00</published>
    <updated>2013-07-04T16:08:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/outstanding-foreign-trade-surplus-in-hungary-driven-by-rapid-export-growth"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/outstanding-foreign-trade-surplus-in-hungary-driven-by-rapid-export-growth</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Women’s prospects improved significantly on the Hungarian labour market]]></title>
    <summary type="html"><![CDATA[Even from a European perspective, the Government has achieved outstanding results in the field of employment in general and the job prospects of women in particular. This year, the positive effects of the Job Protection Plan promote further improvement with regard to women’s employment. According to the latest data of the programme, which has been in place since January, in April job subsidies were applied for 27 thousand employees returning to work after their childcare allowance and maternity benefit period had ended. In addition, the Cabinet is planning to arrange new policies in order to improve the day-care facility network for small children and enhance the prospects of women seeking or returning to a job.]]></summary>
    <published>2013-06-20T16:00:00+02:00</published>
    <updated>2013-06-20T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/women-s-prospects-improved-significantly-on-the-hungarian-labour-market"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/women-s-prospects-improved-significantly-on-the-hungarian-labour-market</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Macroeconomic data in April show continuous growth in the Hungarian economy ]]></title>
    <summary type="html"><![CDATA[Preliminary macroeconomic data (industrial, retail and foreign trade) for April by the Hungarian Central Statistical Office (KSH) provide an impressive image of the Hungarian economy. Following better-than-expected first quarter GDP statistics, data on the first month of the second quarter also indicate that Hungary’s economic growth may pick up this year.]]></summary>
    <published>2013-06-13T16:00:00+02:00</published>
    <updated>2013-06-13T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/macroeconomic-data-in-april-show-continuous-growth-in-the-hungarian-economy"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/macroeconomic-data-in-april-show-continuous-growth-in-the-hungarian-economy</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary about to exit the EDP after nine years]]></title>
    <summary type="html"><![CDATA[The Government, which took office in 2010, has put the Hungarian state budget on a sustainable path, and this achievement has also been acknowledged by Brussels: on 29 May, the European Commission announced that it proposes to the European Union’s Economic and Financial Affairs Council (Ecofin), composed of EU ministers, to abrogate the Excessive Deficit Procedure (EDP) against Hungary, which was commenced in 2004.]]></summary>
    <published>2013-06-06T16:00:00+02:00</published>
    <updated>2013-06-06T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-about-to-exit-the-edp-after-nine-years"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-about-to-exit-the-edp-after-nine-years</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive economic indicators in Hungary]]></title>
    <summary type="html"><![CDATA[Over the past couple of months, several favourable processes emerged within the Hungarian economy: according to GDP data published two weeks ago, Hungary’s quarter-on-quarter output increased by 0.7 percent, the third best figure in the EU. Positive changes are also anticipated for the future, as major economic indicators show that the expectations of domestic economic stakeholders have been turning optimistic: the latest reading of the economic sentiment indicator of the Hungarian Development Bank – due mainly to an improvement regarding companies’ future investment plans – jumped to a two-year high, the Purchasing Managers Index of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) signals expansion of the manufacturing sector and the GKI-Erste indicator points to rebounding business and consumer sentiment.]]></summary>
    <published>2013-05-30T16:01:00+02:00</published>
    <updated>2013-05-30T16:01:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-economic-indicators-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-economic-indicators-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Technical recession over as growth hits 0.7 percent in Q1 2013]]></title>
    <summary type="html"><![CDATA[In the first quarter of 2013, Hungary’s economy expanded by 0.7 percent compared to the previous quarter, which means that recession, in a technical sense, has come to an end in Hungary. According to unadjusted data GDP fell by 0.9 percent year-on-year, while seasonally- and calendar-effect adjusted data signal that the economy shrank by 0.3 percent compared to the first quarter of 2012. Thanks to the stability measures introduced so far, the Hungarian economy has entered an upward economic path, and the latest data corroborate the Government’s 0.7 percent growth estimate for 2013 as laid down in the Convergence Programme.]]></summary>
    <published>2013-05-23T16:00:00+02:00</published>
    <updated>2013-05-23T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/technical-recession-over-as-growth-hits-0-7-percent-in-q1-2013"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/technical-recession-over-as-growth-hits-0-7-percent-in-q1-2013</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Inflation at a record low in Hungary]]></title>
    <summary type="html"><![CDATA[In accordance with the central bank’s inflation target, Hungary aims to achieve a consumer price index level of 3 percent. After declining moderately over the past couple of years, the pace of inflation decrease accelerated sharply as of the beginning of 2013. The annual inflation rate – for the very first time since the inflation target system was established – declined to below 3 percent in February, 2.2 percent in March and 1.7 percent in April. Looking back at a period covering several decades it can be concluded that the annual inflation index reached a historic low in April 2013. ]]></summary>
    <published>2013-05-16T16:00:00+02:00</published>
    <updated>2013-05-16T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/inflation-at-a-record-low-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/inflation-at-a-record-low-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[European Commission prognosis on Hungary’s economic prospects improves]]></title>
    <summary type="html"><![CDATA[The European Commission has recently published its Spring Forecast for 2013. This contains key macro-economic data, including facts for 2012 and estimates for 2013 and 2014, as well as short evaluations on each European Union member state.]]></summary>
    <published>2013-05-09T16:00:00+02:00</published>
    <updated>2013-05-09T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-prognosis-on-hungary-s-economic-prospects-improves"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/european-commission-prognosis-on-hungary-s-economic-prospects-improves</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian employment trend outstanding within Europe]]></title>
    <summary type="html"><![CDATA[According to Eurostat data, employment stagnated in the past two years with regard to EU averages. On the other hand, in the Euro-zone the employment rate among those aged 15-64 years decreased by 0.5 percent which was the result -- to a large extent -- of inauspicious trends in the peripheral countries. In Hungary, this indicator improved from 55.8 percent in Q4 2010 by 2 percentage points to 57.8 percent in the corresponding period of 2012. Therefore, along with the Baltic states and Malta, Hungary belongs to those countries within the European Union where employment growth was the largest in the past two years.]]></summary>
    <published>2013-05-02T16:00:00+02:00</published>
    <updated>2013-05-02T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-employment-trend-outstanding-within-europe"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-employment-trend-outstanding-within-europe</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Ongoing expansion in the tourism industry]]></title>
    <summary type="html"><![CDATA[According to the latest statistics of the Hungarian Central Statistical Office (KSH), tourist traffic at accommodation establishments continued to increase in February 2013: the number of guests and tourism nights both signal higher demand in the sector. In the second month of the year 426 thousand guests were registered at accommodation establishments who spent altogether 988 thousand tourism nights in Hungary. These figures constitute an increase of 9.5 percent and 6.2 percent, respectively, compared to the corresponding period of last year.]]></summary>
    <published>2013-04-25T16:00:00+02:00</published>
    <updated>2013-04-25T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/ongoing-expansion-in-the-tourism-industry"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/ongoing-expansion-in-the-tourism-industry</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary is less fragile]]></title>
    <summary type="html"><![CDATA[Recently, several economic indicators have signalled that Hungary is becoming more and more robust and confidence in the country is increasing. Favourable trends can be observed, for example, on the market of Hungarian government securities which enhance the stability of debt financing: average yields at auctions are at historic lows, in the past six months the yield curve has moved significantly lower and the stock of retail government securities has continued to increase. Concurrently, the domestic currency has also strengthened markedly in the past couple of weeks. Lower CDS pricing indicates the improvement of risk perceptions as well.]]></summary>
    <published>2013-04-18T16:04:00+02:00</published>
    <updated>2013-04-18T16:04:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-less-fragile"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-less-fragile</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Purchasing Managers Indices (PMI) signal stable and steady manufacturing industry growth prospects in Hungary]]></title>
    <summary type="html"><![CDATA[According to the latest survey of the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM), Purchasing Managers Index (PMI) in March – in view of seasonally adjusted data – was 55.7 points in Hungary. This figure is 1.6 percentage points higher than that of February and exceeds the average registered in March of the last three years (54.2 points).]]></summary>
    <published>2013-04-11T16:00:00+02:00</published>
    <updated>2013-04-11T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-managers-indices-pmi-signal-stable-and-steady-manufacturing-industry-growth-prospects-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-managers-indices-pmi-signal-stable-and-steady-manufacturing-industry-growth-prospects-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Change in the budget and general government debt on the basis of data reported for the Excessive Deficit Procedure]]></title>
    <summary type="html"><![CDATA[On 2 April 2013 the Hungarian Central Statistical Office (KSH) published revenue and expenditure data of the central government sector for Q4 2012 and the entire year of 2012. ]]></summary>
    <published>2013-04-08T10:06:00+02:00</published>
    <updated>2013-04-08T10:06:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/change-in-the-budget-and-general-government-debt-on-the-basis-of-data-reported-for-the-excessive-deficit-procedure-2"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/change-in-the-budget-and-general-government-debt-on-the-basis-of-data-reported-for-the-excessive-deficit-procedure-2</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Pace of population decline slowing down]]></title>
    <summary type="html"><![CDATA[The pace of population decline moderated in 2012 compared to the previous year, as the number of births increased significantly last year.]]></summary>
    <published>2013-02-28T16:10:00+01:00</published>
    <updated>2013-02-28T16:10:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/pace-of-population-decline-slowing-down"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/pace-of-population-decline-slowing-down</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Successful issuance of Hungarian USD-denominated government securities]]></title>
    <summary type="html"><![CDATA[As about 40-45 percent of Hungary’s general government debt has been denominated in foreign currencies. The duration became shorter with the IMF loan, which was unavoidable in 2008, so that the refinancing is due relatively soon, the country required further foreign currency resources. Thanks to the improving confidence in the fundamentals of Hungary and positive international investment climate and sentiment, the Government Debt Management Agency (AKK) mandated large investments banks last week to manage USD-denominated benchmark government bond issuance, after a highly successful investor roadshow. As a result altogether 3.25bn USD bonds were sold with yields slightly below the indicative levels. ]]></summary>
    <published>2013-02-21T15:00:00+01:00</published>
    <updated>2013-02-21T15:00:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/successful-issuance-of-hungarian-usd-denominated-government-securities"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/successful-issuance-of-hungarian-usd-denominated-government-securities</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary is the 26th most innovative country in the world]]></title>
    <summary type="html"><![CDATA[According to Bloomberg’s latest innovation ranking, Hungary is placed as the 26th most innovative world-wide. Regarding manufacturing industry performance, Hungary is ranked as the 16th as a result of the high share of value added as percentage of GDP in this sector (high proportion in the economy) as well as the significant share of high-tech products within manufacturing exports. In addition, as far as R&D expenditures in the percentage of GDP concerned, among the regional peers Hungary is ahead of Poland and Slovakia.]]></summary>
    <published>2013-02-14T16:00:00+01:00</published>
    <updated>2013-02-14T16:00:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-the-26th-most-innovative-country-in-the-world"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-the-26th-most-innovative-country-in-the-world</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary is the 48th on the global economic freedom ranking]]></title>
    <summary type="html"><![CDATA[According to the latest index on economic freedom prepared by the Wall Street Journal and the Heritage Foundation (Index of Economic Freedom), Hungary – having moved up one place – is ranked as the 48th, ahead of Poland and Slovenia, or France and Italy, among others, of the euro-zone countries. The report highlights Hungary’s high-quality infrastructure, thriving private sector or well developed regulatory system. With regard to freedom of markets (trade, investments, financial markets) the country’s performance is considered outstanding. The freedom of Hungarian trade is placed as the 11th in the global ranking.]]></summary>
    <published>2013-02-07T16:00:00+01:00</published>
    <updated>2013-02-07T16:00:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-the-48th-on-the-global-economic-freedom-ranking"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-the-48th-on-the-global-economic-freedom-ranking</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary excels in globalization ranking]]></title>
    <summary type="html"><![CDATA[Ernst&Young published its annual report on globalization last week which included its Globalization Index 2012 for the 60 largest economies of the world. The index analyzes the drivers of globalization on the basis of five sub-indices: openness to trade, capital movements, exchange of technology and ideas, labour movements and cultural integration.]]></summary>
    <published>2013-01-31T16:02:00+01:00</published>
    <updated>2013-01-31T16:02:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-excels-in-globalization-ranking"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-excels-in-globalization-ranking</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian foreign trade surplus solid and steady In]]></title>
    <summary type="html"><![CDATA[In Hungary within the current account real economic transactions posted significant surpluses in the past couple of years. One element of these has been the positive trend regarding foreign trade which materialized since 2009: since the onset of the global economic crisis Hungarian foreign trade has been continuously and permanently producing surpluses; Hungarian exports typically exceed imports.]]></summary>
    <published>2013-01-24T16:00:00+01:00</published>
    <updated>2013-01-24T16:00:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-foreign-trade-surplus-solid-and-steady-in"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-foreign-trade-surplus-solid-and-steady-in</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Employment trends for people formerly at a disadvantage on the labour market turned positive]]></title>
    <summary type="html"><![CDATA[As of the second half of 2010 several employment statistics signal favourable trends, as in case of young adults, those above the age of 50 and those working part-time the number of employed increased by the third quarter of 2012. In addition, employment trends of women have also turned positive in this period. Yet another favourable development has been that the overall payroll numbers increased in most sectors of the national economy, and within the manufacturing industry – with the exception of the manufacturing of computers, electronic and optical products – statistics indicate improvement in each significant sub sector.]]></summary>
    <published>2013-01-17T15:01:00+01:00</published>
    <updated>2013-01-17T15:01:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-trends-for-people-formerly-at-a-disadvantage-on-the-labour-market-turned-positive"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-trends-for-people-formerly-at-a-disadvantage-on-the-labour-market-turned-positive</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable fiscal processes]]></title>
    <summary type="html"><![CDATA[In 2012 – according to preliminary cash flow data – it is almost certain that the deficit target of 2.7 percent assumed for 2012 and calculated by EU methodology will be achieved. The accrual-based ESA95 deficit published recently by the Hungarian Central Statistical Office (KSH) also confirms this assumption. On the basis of data it can be concluded that the government sector deficit as a percentage of GDP was the lowest in Q3 2012 since Q1 19991 and it is 5 percentage points lower compared to the figure of the corresponding period of 2011.]]></summary>
    <published>2013-01-10T05:01:00+01:00</published>
    <updated>2013-01-10T05:01:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-fiscal-processes"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-fiscal-processes</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Comprehensive reforms in Hungary, 2012]]></title>
    <summary type="html"><![CDATA[In the third year after it had been elected the Hungarian Government has continued implementing wide-ranging reforms launched earlier. Hungary as a small country with an open economy has been severely affected by the crisis which has highlighted the fact that stable economic growth in the medium and long term can only be ensured by an adequately diversified economic structure. In other words, Hungary needed an economic trend reversal actively underpinned by economic policy. ]]></summary>
    <published>2012-12-20T14:30:00+01:00</published>
    <updated>2012-12-20T14:30:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/comprehensive-reforms-in-hungary-2012"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/comprehensive-reforms-in-hungary-2012</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable trends on the Hungarian government securities market]]></title>
    <summary type="html"><![CDATA[Favourable trends have continued recently on the Hungarian government securities market. In the past six months yields have come down, forint-denominated government securities holdings of non-residents have reached a historic high and the stock of government securities held by households has doubled this year. Along with favourable international trends the improvement of risk perception regarding Hungary, also reflected by falling CDS premia, has also largely contributed to the aforementioned positive tendencies.]]></summary>
    <published>2012-12-13T14:30:00+01:00</published>
    <updated>2012-12-13T14:30:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-on-the-hungarian-government-securities-market"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-on-the-hungarian-government-securities-market</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Employment situation of women improved significantly on the Hungarian labour market]]></title>
    <summary type="html"><![CDATA[The economic role of women and their labour market participation has been an issue gaining more and more significance. Hungary is no exception: via the National Cooperation Programme the Hungarian Government aims to create a more family-friendly labour market. One of the Programme’s pivotal elements pays special attention to women’s employment, as without improving it a family-friendly Hungary cannot be established.]]></summary>
    <published>2012-11-29T16:18:00+01:00</published>
    <updated>2012-11-29T16:18:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-situation-of-women-improved-significantly-on-the-hungarian-labour-market"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-situation-of-women-improved-significantly-on-the-hungarian-labour-market</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[New tax relief aimed at stimulating R&D activities of enterprises and increasing payroll figures in the sector]]></title>
    <summary type="html"><![CDATA[Economic policy projections focus on growth and increasing employment. Economic development based on research, knowledge and innovation as well as stimulating R&D&I required for producing goods of high added value is the sine qua non of this objective. This is what the National Research, Development and Innovation Strategy serves, which ambitiously targets R&D spending in Hungary to reach 1.8 percent of GDP by 2020. It has been one of the key resolutions of the Government to assist accomplishing this goal via the instruments at its disposal and one of these is establishing a competitive R&D tax incentive system. Indirect tax incentives may carry several advantages (less distortion to market processes; smaller administrative burden; more transparency and predictability, lower direct R&D costs and significantly influence the choice of investment location by large enterprises).]]></summary>
    <published>2012-11-22T15:36:00+01:00</published>
    <updated>2012-11-22T15:36:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/new-tax-relief-aimed-at-stimulating-r-d-activities-of-enterprises-and-increasing-payroll-figures-in-the-sector"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/new-tax-relief-aimed-at-stimulating-r-d-activities-of-enterprises-and-increasing-payroll-figures-in-the-sector</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The European Commission acknowledged budget deficit to be below 3 percent in 2012 and 2013]]></title>
    <summary type="html"><![CDATA[The previous Government submitted the Budget Bill for 2010 on the basis of entirely unsubstantiated data. Without the extraordinary measures of the Government headed by Prime Minister Viktor Orbán and the greater than anticipated economic growth central budget deficit would have exceeded 7 percent in 2010. Economic growth, which was almost 2 percent higher than in the submitted macro outlook, improved fiscal balance by almost 0.7 percent. The combined net effect of the two action plans reduced deficit by another 2 percent, whereas the measures of December improved the central budget position by almost 0.5 percent in 2010.]]></summary>
    <published>2012-11-15T16:14:00+01:00</published>
    <updated>2012-11-15T16:14:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-european-commission-acknowledged-budget-deficit-to-be-below-3-percent-in-2012-and-2013"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-european-commission-acknowledged-budget-deficit-to-be-below-3-percent-in-2012-and-2013</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Labour market trends continue to improve]]></title>
    <summary type="html"><![CDATA[In the third quarter of 2012 the number of employed people increased by almost 80 000 compared to the corresponding period of the previous year, and simultaneously the employment rate among those aged 15-74 years has reached the level of 51.4 percent which has been the best figure of the past ten years. The increase in employment has been the consequence of the labour market measures of the Government and the optimal organization of public employment schemes. Going forward, the Government adheres to its aim of introducing potent measures in order to sustain these positive tendencies in the field of public employment schemes and by stimulating hiring and investment in the private sector. The Job Protection Action Plan has been one of the instruments for fulfilling this purpose.]]></summary>
    <published>2012-11-08T14:35:00+01:00</published>
    <updated>2012-11-08T14:35:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/labour-market-trends-continue-to-improve"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/labour-market-trends-continue-to-improve</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[It was Hungary where tax revenues as percentage of GDP declined to the greatest extent in 2011]]></title>
    <summary type="html"><![CDATA[According to an OECD study on taxation policies published recently, it was Hungary where total tax burden as percentage of GDP declined to the greatest extent in 2011 compared to the previous year, and with regard to cutting the tax burden on income and profit as percentage of GDP Hungary also tops the list.]]></summary>
    <published>2012-10-31T15:27:00+01:00</published>
    <updated>2012-10-31T15:27:00+01:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/it-was-hungary-where-tax-revenues-as-percentage-of-gdp-declined-to-the-greatest-extent-in-2011"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/it-was-hungary-where-tax-revenues-as-percentage-of-gdp-declined-to-the-greatest-extent-in-2011</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Government measures of 17 October]]></title>
    <summary type="html"><![CDATA[The Hungarian Government continues to be committed to its policy aimed at getting the excessive deficit procedure against Hungary lifted and pursuing prudent economic management. The measures announced on 5 October the Government had considered sufficient, but acknowledging that the European Union adopted a different standpoint, new string of measures had been decided.]]></summary>
    <published>2012-10-25T15:09:00+02:00</published>
    <updated>2012-10-25T15:09:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/government-measures-of-17-october"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/government-measures-of-17-october</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary has turned the corner regarding some indicators]]></title>
    <summary type="html"><![CDATA[When analyzing key macro-economic indicators it can be observed that the crisis has still been ongoing from several aspects in the European Union and in the region as well. Unfortunately, Hungary is no exception in this regard. The following short analysis aims to present the sectors which have been putting on an above average performance in Hungary and have therefore bottomed out or which at least are in a better position than they were in 2008.]]></summary>
    <published>2012-10-18T15:09:00+02:00</published>
    <updated>2012-10-18T15:09:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-has-turned-the-corner-regarding-some-indicators"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-has-turned-the-corner-regarding-some-indicators</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The Government is committed to taking action in order to get the excessive deficit procedure lifted]]></title>
    <summary type="html"><![CDATA[On Friday 5 October 2012 the Government of Hungary published its latest package of draft measures, formerly introduced measures as well as the updated macro economic outlook which takes into consideration the aforementioned measures and a different economic growth prospect in its Progress Report in order to fulfill recommendations proposed by the EU Economic and Financial Affairs Council. Markets welcomed the Report which was reflected in prompt forint appreciation and a lower Hungarian CDS spread. After the announcement at 9am the forint exchange rate gained almost 1 percent against the euro thereby outperforming regional currencies.]]></summary>
    <published>2012-10-11T15:00:00+02:00</published>
    <updated>2012-10-11T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-government-is-committed-to-taking-action-in-order-to-get-the-excessive-deficit-procedure-lifted"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-government-is-committed-to-taking-action-in-order-to-get-the-excessive-deficit-procedure-lifted</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable fiscal indicators]]></title>
    <summary type="html"><![CDATA[General government gross public debt in percent of GDP, except for two quarters, has been actually on a declining path since the second quarter of 2010, and since the third quarter of 2011 this decline has been even more pronounced. General government net lending in percent of GDP has also significantly improved in the past couple of quarters. Public sector net borrowing as of GDP has not been as favourable as in Q2 2012 for the last 11 years.]]></summary>
    <published>2012-10-04T15:00:00+02:00</published>
    <updated>2012-10-04T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-fiscal-indicators"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-fiscal-indicators</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Analysis of CDS indicators in Europe]]></title>
    <summary type="html"><![CDATA[It is not only the current level of CDS indicators that is worth analyzing but their change over time can also lead to relevant conclusions. This short study aims to present how CDS premia have changed since October 2008 in certain countries (Hungary, Germany, Austria, France, the Visegrád countries and the PIIGS countries). According to the analysis, the current CDS figures for Hungary and the other Visegrád countries are around the October 2008 base, while German and Austrian credit risk premia are almost double the figure of October 2008, the French equivalent is three-and-a-half times higher and premia for PIIGS countries (data excluding Greece after March 2012, due to its technical default) are five-fold more on the market.]]></summary>
    <published>2012-09-27T15:00:00+02:00</published>
    <updated>2012-09-27T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/analysis-of-cds-indicators-in-europe"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/analysis-of-cds-indicators-in-europe</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungarian overhead expenses in regional comparison]]></title>
    <summary type="html"><![CDATA[In the period of 2003-2010 increasing overhead expenses resulted in huge extra costs for households. Analyzing statistics, it can be concluded that costs associated with the two largest expenditure categories for families – that of food and housing -- have shifted gradually toward higher overhead costs.]]></summary>
    <published>2012-09-20T15:00:00+02:00</published>
    <updated>2012-09-20T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-overhead-expenses-in-regional-comparison"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungarian-overhead-expenses-in-regional-comparison</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Improving net external financing capacity of the Hungarian economy]]></title>
    <summary type="html"><![CDATA[Net external financing capacity of Hungary has steadily and significantly improved in the past couple of years. The same applies to the first quarter of 2012, when the combined surpluses of the current account and the capital account amounted to 3.1 percent of GDP. The current account surplus of the country was the consequence of the continued positive balance of real economy transactions, and the capital account – due primarily to the inflow of European Union resources -- has also recorded a significant surplus.]]></summary>
    <published>2012-09-13T15:00:00+02:00</published>
    <updated>2012-09-13T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/improving-net-external-financing-capacity-of-the-hungarian-economy"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/improving-net-external-financing-capacity-of-the-hungarian-economy</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Government securities market stabilizing ]]></title>
    <summary type="html"><![CDATA[Secondary market yields of Hungarian government securities dropped significantly in the past six months and they declined on average to pre-crisis levels of autumn 2008 or regarding certain tenors even below that. The yield curve comprised of averages of yields from Q2 2012 has been rising after the pre-crisis declining pattern which may also signal the onset of economic growth recovery. In addition, auction results observed recently similarly indicate that yields on the government securities market have stabilized at a pre-crisis level.  ]]></summary>
    <published>2012-09-06T12:38:00+02:00</published>
    <updated>2012-09-06T12:38:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/government-securities-market-stabilizing"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/government-securities-market-stabilizing</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Adjustment and growth ]]></title>
    <summary type="html"><![CDATA[The global economic crisis has demonstrated that the debt outlook of most of the EU countries is unsustainable and several states need to carry out adjustments regarding their general government debt-to-GDP ratios and fiscal deficits. ]]></summary>
    <published>2012-08-31T12:28:00+02:00</published>
    <updated>2012-08-31T12:28:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/adjustment-and-growth"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/adjustment-and-growth</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Increasing foreign demand in Hungarian tourism sector]]></title>
    <summary type="html"><![CDATA[According to data published on 9 August by the Hungarian Central Statistical Office (KSH), in June 2012 foreign tourist traffic on the basis of the number of tourism nights increased by 1.9 percent in Hungary compared to the same period of the previous year.]]></summary>
    <published>2012-08-23T12:23:00+02:00</published>
    <updated>2012-08-23T12:23:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/increasing-foreign-demand-in-hungarian-tourism-sector"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/increasing-foreign-demand-in-hungarian-tourism-sector</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Foreign trade surplus of Hungary continues to impress]]></title>
    <summary type="html"><![CDATA[According to the latest data on foreign trade by the Hungarian Central Statistical Office (KSH), all preliminary statistics signal that after May foreign trade turnover increased again in June. Calculated in euro (at current prices) exports were up by 5.6 percent and imports increased slightly less by 3 percent compared to the same period of the previous year, while in comparison to May 2011 both indicators were 0.3 percent higher (according to seasonally adjusted data). ]]></summary>
    <published>2012-08-16T16:00:00+02:00</published>
    <updated>2012-08-16T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/foreign-trade-surplus-of-hungary-continues-to-impress"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/foreign-trade-surplus-of-hungary-continues-to-impress</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Positive developments regarding employment and the rate of activity in Hungary]]></title>
    <summary type="html"><![CDATA[According to the latest Hungarian data published by the Hungarian Central Statistical Office (KSH), in the country the number of employed in the second quarter of 2012 averaged 3 million 876 thousand which has been the best figure of the past couple of years. Compared to the same period of the previous year, the number of people who had managed to get a job thereby increased by 67 000. The below chart shows the change in the number of employed over time.]]></summary>
    <published>2012-08-09T15:00:00+02:00</published>
    <updated>2012-08-09T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-developments-regarding-employment-and-the-rate-of-activity-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/positive-developments-regarding-employment-and-the-rate-of-activity-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Risk indicators regarding Hungary have improved]]></title>
    <summary type="html"><![CDATA[According to the CMA Datavision ranking of the second quarter of 2012, Hungary is no more among the world top 10 of highest risk countries and it has achieved the second best improvement compared to the risk perception of the previous quarter. The favourable result has been primarily due to the introduction of the Széll Kálmán Plan 2.0 and the positive developments with regard to the EU/IMF negotiations.]]></summary>
    <published>2012-07-19T15:00:00+02:00</published>
    <updated>2012-07-19T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/risk-indicators-regarding-hungary-have-improved"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/risk-indicators-regarding-hungary-have-improved</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Purchasing Manager Index data for Hungary are outstandingly good in both regional and global comparison in June]]></title>
    <summary type="html"><![CDATA[According to the latest release of the Hungarian Association of Logistics, Purchasing and Inventory Management, the seasonally adjusted Purchasing Manager Index (PMI) regarding Hungary in the month of June registered a remarkably impressive figure of 52.8 points. This reading implies expansion of the manufacturing sector, as it is well above 50 points which indicates stagnation (a PMI reading above 50 points signals expansion of the sector and a figure below 50 points means contraction).]]></summary>
    <published>2012-07-12T15:30:00+02:00</published>
    <updated>2012-07-12T15:30:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-manager-index-data-for-hungary-are-outstandingly-good-in-both-regional-and-global-comparison-in-june"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/purchasing-manager-index-data-for-hungary-are-outstandingly-good-in-both-regional-and-global-comparison-in-june</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Job protection action plan aimed at assisting elderly, young and unskilled people and cutting red tape for Hungarian small enterprises]]></title>
    <summary type="html"><![CDATA[The government is set to launch a 10-point job protection action plan which aims to improve the situation of disadvantaged employees, jobseekers and enterprises. The primary objective of this package of measures is to create and preserve existing jobs as one of the keys to the economic growth of Hungary. The budgetary resources required for the action plan will be provided by the financial transaction duty.]]></summary>
    <published>2012-07-05T15:00:00+02:00</published>
    <updated>2012-07-05T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/job-protection-action-plan-aimed-at-assisting-elderly-young-and-unskilled-people-and-cutting-red-tape-for-hungarian-small-enterprises"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/job-protection-action-plan-aimed-at-assisting-elderly-young-and-unskilled-people-and-cutting-red-tape-for-hungarian-small-enterprises</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Peace indices present a positive picture of Hungary and thus the country achieved a favourable ranking in the region]]></title>
    <summary type="html"><![CDATA[Each year since 2007 the Institute for Economics and Peace (IEP) publishes a composite index which they define, the Global Peace Index (GPI), that ranks Hungary in 2012 as the very impressive third in the region. According to the latest GPI, Hungary was placed as 17th on a list which consists of 157 countries. ]]></summary>
    <published>2012-06-28T16:00:00+02:00</published>
    <updated>2012-06-28T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/peace-indices-present-a-positive-picture-of-hungary-and-thus-the-country-achieved-a-favourable-ranking-in-the-region"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/peace-indices-present-a-positive-picture-of-hungary-and-thus-the-country-achieved-a-favourable-ranking-in-the-region</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Draft budget of 2013]]></title>
    <summary type="html"><![CDATA[In the past couple of months in the midst of a protracted financial-economic crisis the government implemented structural reforms by which state budget balance was made sustainable and general government debt was also set on a downward path. Due to the fiscal trend reversal, the deficit will certainly and steadily remain below 3 percent, consequently next year the Hungarian economy will begin to expand on the basis of firm fundamentals. The Budget Bill of 2013 submitted to parliament on 15 June by the government sets a deficit target of 2.2 percent which – via one of the most stable fiscal management policies of Europe – will adequately respond to the challenges imposed by the debt crisis.]]></summary>
    <published>2012-06-21T16:00:00+02:00</published>
    <updated>2012-06-21T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/draft-budget-of-2013"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/draft-budget-of-2013</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Employment and labour market conditions are favourable in Hungary]]></title>
    <summary type="html"><![CDATA[The new Labour Code, new public work programme and employment boosting measures:
Key objectives of the new Labour Code - which was adopted by parliament in December 2011 and the provisions of which enter into force on 1 July 2012 - are to increase competitiveness in line with new economic requirements and claims of employees as well as to establish a differentiated regulation. The new law aims to create the most flexible labour market regulation possible. To this end, the document reduces state intervention and -- parallel to defining guarantees for employees – it intends to offer a significantly larger scope for civil law-based regulation than before.]]></summary>
    <published>2012-06-14T16:12:00+02:00</published>
    <updated>2012-06-14T16:12:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-and-labour-market-conditions-are-favourable-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/employment-and-labour-market-conditions-are-favourable-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable trends in Hungary 2.]]></title>
    <summary type="html"><![CDATA[Recently several favourable economic trends have developed in Hungary. Some of these can be identified by data published by the Hungarian Central Statistical Office (KSH) and others are manifested by various international comparative studies. The below study presents, after the paper of last week, further trends, which now rather focus on changes identifiable from economic statistics, but we will also analyze competitiveness and purchasing manager indices. ]]></summary>
    <published>2012-06-07T16:00:00+02:00</published>
    <updated>2012-06-07T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-in-hungary-2"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-in-hungary-2</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Favourable trends in Hungary]]></title>
    <summary type="html"><![CDATA[Several favourable economic trends have recently developed in Hungary. Some of them can be identified by the data published by the Hungarian Central Statistical Office (KSH) and others are manifested in various international comparative studies. The below list presents some of these tendencies: it includes an indicator based on comprehensive economic aggregates (such as the Human Development Index), but it also analyzes an economic sector (i.e. tourism), as well as a soft, non-quantitative factor such as the situation of mothers in a various society. The presentation of favourable trends will be resumed in the Outlook of next week.]]></summary>
    <published>2012-05-31T16:00:00+02:00</published>
    <updated>2012-05-31T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-in-hungary"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/favourable-trends-in-hungary</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The holdings of government securities of residents increased substantially]]></title>
    <summary type="html"><![CDATA[In the past two years the unfavourable trend characteristic of the prior period has been reversed and the holdings of government securities of residents have risen gradually. This trend has accelerated from the beginning of 2012. As a parallel phenomenon, the holdings of residents within the total holdings of HUF denominated government securities have also increased, which is a positive development for households and the national economy, too. ]]></summary>
    <published>2012-05-24T16:00:00+02:00</published>
    <updated>2012-05-24T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-holdings-of-government-securities-of-residents-increased-substantially"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-holdings-of-government-securities-of-residents-increased-substantially</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Budget and general government debt data according to the European Commission forecast]]></title>
    <summary type="html"><![CDATA[The European Commission has recently published its study titled General Government Data of spring 2012, which provides a comprehensive overview of the fiscal balances and general government debt of EU countries for 2011 as well as relevant projections for 2012 and 2013. According to the figures published by the Commission, with regard to fiscal balances of 2011 Hungary has been a top performer in Europe: our surplus of 4.3 percent is much more favourable than the GDP deficit of 4.5 percent in the EU and 4.1 percent in the euro-zone.]]></summary>
    <published>2012-05-17T16:00:00+02:00</published>
    <updated>2012-05-17T16:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/budget-and-general-government-debt-data-according-to-the-european-commission-forecast"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/budget-and-general-government-debt-data-according-to-the-european-commission-forecast</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Money market figures indicate rising confidence]]></title>
    <summary type="html"><![CDATA[On 23 April 2012 the Government of Hungary approved the Széll Kálmán Plan 2.0 programme which has been highly appreciated by the EU and international market participants. The Széll Kálmán Plan 2.0 secures fiscal sustainability for Hungary for the period it covers and thus for the first time in eight years the excessive deficit procedure against Hungary can be lifted. ]]></summary>
    <published>2012-05-10T15:00:00+02:00</published>
    <updated>2012-05-10T15:00:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/money-market-figures-indicate-rising-confidence"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/money-market-figures-indicate-rising-confidence</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The deficit figure in 2011 is favourable even in international comparison]]></title>
    <summary type="html"><![CDATA[The Eurostat has recently published its fiscal statistics concerning the EU member countries.  In light of these the favourable Hungarian figure is analyzable in international comparison and thus we can state that Hungary has achieved an outstanding result in 2011 with regard to the indicator that is most closely observed by investors. ]]></summary>
    <published>2012-05-03T15:45:00+02:00</published>
    <updated>2012-05-03T15:45:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-deficit-figure-in-2011-is-favourable-even-in-international-comparison"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-deficit-figure-in-2011-is-favourable-even-in-international-comparison</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The Széll Kálmán Plan 2.0 is completed]]></title>
    <summary type="html"><![CDATA[The Széll Kálmán Plan published in Q1 2011 can be considered a success from every aspect. In the period after publication favourable trends began on both the sovereign bond and the currency markets: the amount of government bonds owned by foreigners increased to an unprecedented level which resulted in the decline of yields, too. The implementation of the Széll Kálmán Plan was also carried out optimally, as 458bn HUF of fiscal adjustments have materialized as a consequence of the measures proposed for 2012 and that corresponds to the 83.3 percent of anticipated savings.]]></summary>
    <published>2012-04-26T16:12:00+02:00</published>
    <updated>2012-04-26T16:12:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-szell-kalman-plan-2-0-is-completed"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-szell-kalman-plan-2-0-is-completed</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[The Gini index]]></title>
    <summary type="html"><![CDATA[The Gini index (or Gini coefficient) is the indicator most frequently applied for measuring income inequalities. The figure may vary on a scale of 0 to 1, or it is often expressed in percentages. The figure 0 indicates that incomes are perfectly evenly distributed and 1 signals absolute inequality, that is all incomes are owned by one person (which, of course, is an extreme example which can never occur in reality.) ]]></summary>
    <published>2012-04-19T16:47:00+02:00</published>
    <updated>2012-04-19T16:47:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-gini-index"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/the-gini-index</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
  <entry>
    <title type="html"><![CDATA[Hungary is one of the most open economies]]></title>
    <summary type="html"><![CDATA[The Ernst&Young has recently published its annual report on globalization which includes the globalization index for the 60 largest economies of the world, and according to this ranking Hungary was placed the 10th.]]></summary>
    <published>2012-04-12T16:08:00+02:00</published>
    <updated>2012-04-12T16:08:00+02:00</updated>
    <link rel="alternate" type="text/html" href="http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-one-of-the-most-open-economies"/>
    <id>http://2010-2014.kormany.hu/en/ministry-for-national-economy/hungarian-outlook/hungary-is-one-of-the-most-open-economies</id>
    <author>
      <name>2010-2014.kormany.hu</name>
    </author>
  </entry>
</feed>
