Ministry for National Economy

Mihály Varga

Minister for National Economy

Leading news

Labour market-related agreement concluded with the World Bank

Ministry for National Economy, October 16, 2017 11:22 AM

The fact that the World Bank has once again upwardly revised the growth outlook of the Hungarian economy in comparison to the previous estimate prognosticated in the spring report vindicates our economic policy measures, Minister for National Economy Mihály Varga said at the sidelines of the annual meeting of the International Monetary Fund and the World Bank in Washington, which the Minister attended as head of the Hungarian delegation.

IMF predicts higher growth rate in Hungary

Ministry for National Economy, October 11, 2017 10:24 AM

In the latest World Economic Outlook, the International Monetary Fund expects faster economic growth in Hungary than they did in the prior study, published in spring 2017.

EU finance ministers discussed tax avoidance and the Google-tax

Ministry for National Economy, October 10, 2017 4:24 PM

Hungary has been a frontrunner in the fight against the black economy, therefore we will maintain the EKÁER (Electronic Public Road Trade Control System), an effective system for filtering out VAT fraudsters, Minister for National Economy Mihály Varga said, following the Ecofin’s session in Luxembourg earlier today.

Siemens is the fourth large enterprise to join the Government’s supplier development programme

Ministry for National Economy, October 9, 2017 1:43 PM

Siemens Ltd has joined the working group of the National Supplier Programme, Minister for National Economy Mihály Varga said at the signing of a letter of intent. We must work to enable every economic stakeholder in Hungary to adopt and use future technologies, he stressed.

Hungary’s industrial sector posted remarkable output growth in August 2017

Ministry for National Economy, October 6, 2017 10:46 AM

The Government has been aiming to have the EU’s highest industrial output-to-GDP ratio in Hungary. A modern, competitive industrial sector is capable of providing high-paying and stable jobs in production and R&D alike, Minister for National Economy Mihály Varga said, commenting on the latest data released by the Hungarian Central Statistical Office, which show year-on-year output growth of 6.8 percent in the month of August 2017.

Stability persists in Hungary’s public finances

Ministry for National Economy, October 5, 2017 12:25 PM

Public finances continue to be characterized by stability in Hungary and the central government budget is capable of providing sufficient funding required for the realization of the Government’s economic and social policy goals. The deficit of the central sub sector of the state budget was HUF 1 236bn at the end of September 2017, in line with prior expectations.