Ministry for National Economy

Mihály Varga

Minister for National Economy

Leading news

International agreement on exchanging tax-related information

Ministry for National Economy, October 30, 2014 1:54 PM

Minister for National Economy Mihály Varga, acting in the name of Hungary, has signed an agreement on the international sharing of tax-related information, which represents a milestone in the fight against tax evasion. The document was signed by ministers and high level representatives from almost 50 countries and authorities at the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin, Germany.

Wage rises and job creation in 2015

Prime Minister’s Office, October 30, 2014 1:47 PM

Employment tendencies in Hungary are good and it has been 22 years since the employment rate has been permanently over 4 million, Minister of State for Vocational Training and the Job Market Sándor Czomba said at a press conference held jointly with Government Spokesperson Éva Kurucz.

Almost 4 million 200 thousand employed in Hungary

Ministry for National Economy, October 29, 2014 5:56 PM

Employment is continuing to increase dynamically in Hungary according to the latest flash report from the Hungarian Central Statistical Office (KSH). The number of people in employment rose to 4 million 182 thousand in the July-September 2014 period, which is 192 thousand more than during the same period in the previous year. Unemployment fell by 2.4 percentage points to a new low of 7.4 in the third quarter.

Successful South Korean-Hungarian Knowledge Sharing Programme

Ministry for National Economy, October 22, 2014 1:53 PM

The fact that South-Korea is interested in and ready to welcome Hungarian enterprises shows the success of the South-Korean-Hungarian Knowledge Sharing Programme (KSP), Deputy State Secretary for International Economic Relations Antal Nikoletti said at a press conference that followed a presentation of the first-year results of this economic consultation programme.

Wages in real terms are some 3 percent higher year-on-year

Ministry for National Economy, October 21, 2014 3:38 PM

Wages in real terms are up by 2.9 percent in the initial eight months of the year. The number of people employed in the private sector – at enterprises with at least five employees – increased significantly, by 54 thousand in August in comparison to the same period of the previous year. In the initial eight months of this year, average gross wage was HUF 234 600 and, excluding public work schemes, it was HUF 246 400 in Hungary.

The country needs more skilled workers

Ministry for National Economy, October 20, 2014 3:04 PM

Hungary’s economic growth requires many more skilled workers and technicians than those provided by the current education system, Minister for National Economy Mihály Varga said at an event organized to welcome the Hungarian winners of Euroskills, a competition for young skilled Europeans.

Ányos Jedlik Cluster formed to promote electromobility

Ministry for National Economy, October 16, 2014 11:35 AM

The Ányos Jedlik Cluster has been formed under the supervision of the Ministry for National Economy and the National Innovation Office in the interests of the earliest possible realisation of the Ányos Jedlik Plan, which aims to promote the popularity of electric vehicles.

Hungarian Bath Culture Day held for the fifth time

Ministry for National Economy, October 13, 2014 11:19 AM

At a press conference held on the occasion of Hungarian Bath Culture Day on 11 October, the Ministry of National Economy’s Deputy State Secretary for Tourism, Ádám Ruszinkó, emphasised that some two million people visited Hungary last year for health tourism purposes, staying an average of 7.3 guest nights in the country’s various health spas and wellness hotels, which is significantly more than the 4.2 guest nights spent in Hungary by typical tourists.

Double-digit volume growth and a surplus of more than EUR 500 million in Hungary’s foreign trade

Ministry for National Economy, October 3, 2014 8:40 AM

The positive trend in place in the past years has continued as foreign trade surplus has gained again. In July 2014, the volume of exports and imports was up year-on-year by 13 percent and 14 percent, respectively, resulting in a surplus some of EUR 0.5bn, EUR 50 million higher than one year ago. Improving data have been the consequence of economic growth and rebounding consumption, Minister of State for Economic Regulation Béla Glattfelder stated, commenting on the latest trade data released by the Hungarian Central Statistical Office (KSH).