Ministry for National Economy

Mihály Varga

Minister for National Economy

Leading news

Upward real wage trend in place for four years in Hungary

Ministry for National Economy, January 20, 2017 11:36 AM

Repeated wage increases have also contributed to the outstanding, 7.5 percent, increase of wages in real terms in the initial eleven months of 2016 in Hungary. Thus, real wages have been on the rise for 47 consecutive months. Since November 2015, the number of private sector jobs has increased impressively, by 55 thousand, at enterprises with at least five employees.

Hungary aiming to become the region’s leader in digitalization

Ministry for National Economy, January 18, 2017 3:09 PM

Hungary aims to become the regional centre of digital technology development, Minister for National Economy Mihály Varga said in Shenzhen, visiting telecoms giant Huawei and Build Your Dreams (BYD), a leading manufacturer of electric vehicles and accumulators.

Government to insist on tax reductions “tooth and nail”

Cabinet Office of the Prime Minister, January 17, 2017 3:07 PM

The Government will insist on tax reductions “tooth and nail”, the Minister of State at the Cabinet Office of the Prime Minister stated at a press conference.

Hungary regarded as reliable business partner also in Asia

Ministry for National Economy, January 17, 2017 2:48 PM

Hungary has been Hong Kong’s number one trade partner in the CEE region, and the existing mutual confidence may be further improved by Hungary’s participation in the “One Belt, One Road” initiative, Minister for National Economy Mihály Varga said after having met with Hong Kong government members and economic stakeholders on the sidelines of the 10th Asian Financial Forum.

Even more Asian investors may choose Hungary as investment destination

Ministry for National Economy, January 16, 2017 1:49 PM

As Hong Kong is a gate to Asia, Hungary is a gate to Europe, Minister for National Economy Mihály Varga said in Hong Kong, at the 10th Asian Financial Forum. We, Hungarians, he added, are proud that our innovative solutions and recent achievements have made us the equal partner of developed countries all over the world.

Government programme to result in development projects of more than HUF 60bn by large enterprises

Ministry for National Economy, January 16, 2017 1:48 PM

One of the main priorities of our economic policy is to fuel economic growth, as thus increase the standard of living, Minister for National Economy Mihály Varga said at a press conference on Friday.