Ministry for National Economy

Mihály Varga

Minister for National Economy

Leading news

Efforts by the National Competitiveness Council already bearing results

Ministry for National Economy, April 20, 2017 2:08 PM

The Government aims to promote digital services in as many fields as possible, expecting to both improve the competitiveness of service providers and reduce costs at end-users, Mihály Varga said following the third session of the National Competitiveness Council. As the Minister said, they have managed to draft amendments concerning five out of the altogether six priority areas discussed by the Council, which can be submitted to the National Assembly already this semester.

Six-year wage agreement resulted in wage growth of above 10 percent

Ministry for National Economy, April 20, 2017 12:34 PM

In the first two months of 2017, KSH data show that wage growth picked up and resulted in a year-on-year wage increase of 10.3 percent, in terms of both gross and net wages, Minister for National Economy Mihály Varga said.

With innovation for competitiveness

Ministry for National Economy, April 13, 2017 12:55 PM

Innovation, sustainable growth and the enhancement of the competitiveness of the Hungarian economy are inseparable processes, Mihály Varga highlighted at the conference Sustainability and Innovation organised by Századvég Gazdaságkutató Zrt.

Construction industry grew dynamically in February

Ministry for National Economy, April 13, 2017 12:56 PM

The performance of the construction industry increased by 15.2 per cent in February. The number of new orders, too, was on the increase, and the sector may therefore expect a long-term phase of growth, Minister for National Economy Mihály Varga said.

German Chamber and Hungarian Government share common denominator regarding perception of economic opportunities

Ministry for National Economy, April 12, 2017 5:22 PM

The German Chamber of Commerce and the Hungarian Government share a common denominator regarding the perception of Hungary’s economic opportunities and the results achieved to date. This is also reflected in the Chamber’s business survey prepared for the 23rd time this year which the Ministry regards as an important compass, the State Secretary for Economic Development and Regulation of the Ministry for National Economy said in Budapest, at the event of the German-Hungarian Chamber of Industry and Commerce (DUIHK).

Seven per cent industrial growth in February

Ministry for National Economy, April 11, 2017 1:58 PM

Industrial performance increased by 2.7 per cent in Hungary in February, compared with the year before, while when the effect of business days is removed from this indicator, production increased by 7 per cent. The processing industry increased in eight of its thirteen averages compared with the corresponding month of the previous year. Based on the monthly industrial production data received to date, the performance of the Hungarian industry exceeded that of the European Union’s average.

The Ministry for National Economy is drawing up a uniform programme for the digitalisation of the Hungarian workforce

Ministry for National Economy, April 10, 2017 5:23 PM

“The Ministry for National Economy is drawing up a uniform action programme for the digitalisation of the Hungarian workforce, including several measures such as the learning of basic competencies, expanding user knowledge and reforming IT training”, the Minister of State for Labour Market and Vocational Education announced at a professional conference.

Finance Ministers discuss future of EU economic policy

Ministry for National Economy, April 9, 2017 6:55 PM

“European growth is driven by Central and Eastern Europe; a multi-geared Europe could not grow if it lost is engine. The continent can only remain competitive on the world market if it is unified”, Minister for National Economy Mihály Varga said on Friday at an informal meeting of the European Union’s Economic and Financial Affairs Council (ECOFIN). EU Finance Ministers discussed the future of EU economic policy and possible methods for handling the aftermath of non-performing bank loans.

National Competitiveness Council debates job market issues

Ministry for National Economy, April 6, 2017 2:12 PM

“Thanks to the strengthening of the economy and increasing workforce demand on the part of the private sector, the most important challenge to competiveness today has become assuring a suitably trained workforce”, Minister of National Economy Mihály Varga said following the second session of the National Competitiveness Council. New measures to promote the employment of women, young people and pensioners could lead to hundreds of thousands of people returning to the job market, the Minister told reporters.