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 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.
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 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.
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.
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.
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