Ministry for National Economy

Mihály Varga

Minister for National Economy

Results per page 10

News

Awards for Successful Enterprises presented for the months of November and December 2017

Ministry for National Economy, January 12, 2018 1:14 PM

“We can only contribute to the building of a developing society if we can rely on strong economic fundamentals and successful enterprises,” Minister for National Economy Mihály Varga said at the ceremony for presenting the Awards for Successful Enterprises in the Ministry for National Economy. The Government has always used its own toolkit to stimulate the development of enterprises and help improve competitiveness and market access, he added.

Industrial sector output up again in November 2017

Ministry for National Economy, January 11, 2018 2:49 PM

In November 2017 and in the period January-November 2017, the volume of industrial output increased by 3.4 percent and 5.2 percent year-on-year, respectively, in Hungary.

Economy expanded by more than 4 per cent in 2017 according to projections

Ministry for National Economy, January 5, 2018 10:57 AM

The expansion of retail sales, the performance of the construction industry and the development of investments support expectations that the economy grew by more than 4 per cent in the last quarter of 2017, Minister for National Economy Mihály Varga said on Tuesday on the public service television news channel M1.

Full employment within reach in Hungary, December 2017

Ministry for National Economy, January 4, 2018 2:46 PM

The unemployment rate has fallen to 3.8 percent, a level unseen since the regime change, and this means that “every Hungarian able and willing to work has got a job”, Minister for National Economy Mihály Varga said. The country has reached a milestone in employment, he added, and that has been brought about by the Government’s pro-growth policy, the steady expansion and sound growth structure of the economy.

Hungarian economic outlook for 2018 even better than in former years

Ministry for National Economy, January 2, 2018 3:30 PM

For the Hungarian economy, the year 2018 starts from a better position and with a better outlook than 2017 did, Minister Mihály Varga said at a press conference held at the Ministry for National Economy earlier today. The Hungarian economy has been growing dynamically, in a balanced and sustainable manner, he stated.

Private sector wages continued to rise this year

Ministry for National Economy, December 21, 2017 3:18 PM

Gross and net wages both grew by 12.8 percent year-on-year in Hungary, thanks to the increase of the minimum wage (for unskilled workers) and guaranteed minimum wage (for skilled workers), tax reductions, rising labour demand in the private sector and various public sector career models, Minister for National Economy Mihály Varga said, commenting on the latest wage data for the month of October 2017.

52-month positive retail sales trend persists in Hungary

Ministry for National Economy, December 19, 2017 11:34 AM

In October 2017, the volume of retail sales in Hungary grew by 6.3 percent year-on-year. This has been the 52th month of rising sales in a row. Since January 2010, the sector posted sales growth of 24.4 percent, while compared to the beginning of 2014 sales have increased by 21.3 percent.

Construction sector once again posted nearly record-high output growth

Ministry for National Economy, December 15, 2017 1:01 PM

In October 2016, construction sector output was up by 38.1 percent year-on-year, which figure is almost as high as the growth rate of 38.3 percent in May, Minister for National Economy Mihály Varga said, commenting on the latest data released by the Hungarian Central Statistical Office (KSH).

Production of world-class buses to start in Debrecen

Ministry for National Economy, December 15, 2017 11:24 AM

Motor vehicle manufacturing is a sector of priority which has expanded dynamically in recent years and contributed significantly to the country’s overall economic, export and job growth, Minister for National Economy Mihály Varga said at the presentation of a new bus prototype by ITK Holding Zrt and EvoBus in Debrecen.

Tax revenues up by HUF 547bn compared to last year

Ministry for National Economy, December 15, 2017 10:12 AM

Tax revenues received by Hungary’s Treasury increased by HUF 547bn year-on-year despite the fact that tax reductions had left some HUF 860bn at families and enterprises this year, Minister of State for Parliamentary Affairs and Taxation András Tállai said at an executive meeting of Hungary’s Tax and Customs Administration (NAV). As the Minister of State pointed out, the online system for filing returns for personal income tax (“e-PIT”) has made a successful debut this year and by 2021 the majority of tax returns of PIT are expected to be prepared by NAV.