Ministry for National Economy

Mihály Varga

Minister for National Economy

Leading news

Awards for Successful Enterprises presented for the month of February 2015

Ministry for National Economy, March 30, 2015 3:04 PM

Sustained economic growth requires ambitious enterprises that take a positive view on the future, Minister for National Economy (NGM) Mihály Varga stated at the ceremony for presenting the February Awards for Successful Enterprises in Budapest.

Tourism relations between China and the CEE region enter a new stage

Ministry for National Economy, March 27, 2015 2:18 PM

Tourism coordinators of 16 Central and Eastern European countries, representatives of related ministries and 127 tour operators with Chinese tourism ties are meeting in person for the first time at the China-CEE Tourism Cooperation Conference organized on 25th-27th March in Budapest. At the event, the launching of a new Beijing-Budapest flight was also announced.

Number of people in employment stays above 4 million

Ministry for National Economy, March 27, 2015 11:10 AM

The number of people in employment continued to rise, according to the latest report of the Hungarian Central Statistical Office (KSH). In December 2014-February 2015, the number of those in employment aged 15-74 years increased year-on-year by 111 thousand, to 4 million 124 thousand. Thus, the number of people with a job has been above the 4 million mark for more than one year and unemployment also fell in the observed period.

Hungary calls for zero tolerance in auditing

Ministry for National Economy, March 26, 2015 3:49 PM

Deputy State Secretary for Taxation and Accounting Zoltán Pankucsi asked for zero tolerance at the plenary session of the European Audit Inspection Group (EAIG) held in Budapest. He stressed that the supervisory authorities of the twenty-eight EU member states must take a firm stance against negligent auditors or those involved in fraud.

We aim for full employment

Ministry for National Economy, March 26, 2015 2:18 PM

Minister for National Economy Mihály Varga said that cutting government debt and improving employment are the two main objectives of Hungarian economic policy.

Deposits at Erste Bank are safe and sound

Ministry for National Economy, March 26, 2015 11:27 AM

The assets of Erste Bank customers are in perfect safety, the financial position of Erste Group is stable and rumours of difficulties at the bank are absolutely unsubstantiated, Minister of State for Taxation and Public Finances Gábor Orbán told public-service news channel M1.

Volume of retail trade hits pre-crisis level

Ministry for National Economy, March 26, 2015 10:11 AM

Retail trade data in Hungary came in even better than expected, as the volume of sales gained 8.7 percent in the first month of the year. As a result of the upward trend, which has been in place for more than one-and-a-half years, turnover has reached the pre-crisis level.

Hungary to remain on current growth trajectory

Ministry for National Economy, March 25, 2015 3:42 PM

In the next one-and-a-half to two years, the Hungarian economy is set to remain on the existing growth path, with 2.8-2.9 percent GDP growth projected for this year, Minister for National Economy Mihály Varga said at a conference organized by the Confederation of Hungarian Employers and Industrialists in Budapest.

Exchange booth operators must also install online cash registers

Ministry for National Economy, March 25, 2015 1:51 PM

As Deputy State Secretary for Taxation and Accounting Zoltán Pankucsi told public news channel M1, earlier today the Ministry for National Economy met with representatives of the Association of Hungarian Exchange Booth Operators and the two parties agreed that the compulsory introduction of online cash registers will facilitate transparency in the sector and bolster the protection of consumers.