Ministry of Finance

Mihály Varga

Minister of Finance

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Hungarian financial institution are operating in a safe environment

Ministry of Finance, September 19, 2018 10:33 AM

The banking system continues to play a key role in the financing of the Hungarian economy and the bolstering of the country’s competitiveness, Minister of Finance Mihály Varga said after he had met with Intesa Sanpaolo Board of Directors Chairman Gian Maria Gros-Pietro from Italy.

Hungarian-Vietnamese relations in tertiary education growing stronger

Ministry of Finance, September 12, 2018 10:51 AM

Partnership between Hungary and Vietnam has been getting more and more important in the past years. This trend is reflected in regular inter-governmental meetings and the ever stronger relations in trade, education and culture, Minister of Finance Mihály Varga said in his speech addressed to participants of the 2nd Hungarian-Vietnamese Rectors’ Conference.

Hungary supports changes which benefit the country

Ministry of Finance, September 10, 2018 11:14 AM

EU finance ministers discussed, among other topics, the European Commission’s proposals regarding the EU budget of 2021-2027 and the economic impact of digital currencies, Minister of Finance Mihály Varga said. At the informal ECOFIN session in Vienna the plans for the EU-wide taxation of digital enterprises were also discussed, he added.

EU finance ministers discussed options for bolstering eurozone stability

Ministry of Finance, September 10, 2018 10:37 AM

A balanced and stable euro-zone continues to be important for Hungary, Minister of Finance Mihály Varga said, following an ECOFIN meeting in Vienna.

Public finances show fiscal stability

Ministry of Finance, September 7, 2018 1:38 PM

Thanks to the Government’s economic policy measures, fiscal revenues continued to rise in the first eight months of the year while expenditures related to various projects of social purposes have also increased. The ESA deficit target of 2.4 percent of GDP and the GDP growth target of above 4 percent for the year 2018 are realistic and attainable.

It will be more worthwhile discussing the EU budget with the new European Commission

Ministry of Finance, September 6, 2018 12:50 PM

According to Minister of Finance Mihály Varga, there may be no point in negotiations on the upcoming EU budget with the current European Commission in view of the fact that following the 2019 European Parliament elections a new body will be formed, and its President is not expected to be called Jean-Claude Juncker.

Cooperation in the CEE region is growing stronger

Ministry of Finance, September 6, 2018 8:27 AM

Economic and social progress in the CEE region is essential for a successful EU cohesion policy, Minister of Finance Mihály Varga said at the Krynica Economic Forum, where countries involved discussed the elaboration of the EU Carpathian Region Macro-regional Strategy.

Hungary to participate in IBRD’s capital increase

Ministry of Finance, September 5, 2018 2:20 PM

The Minister of Finance received in his office the Executive Director at the Board of the World Bank Group Franciscus Godts and assured him of Hungary’s support for the capital increase at the International Bank for Reconstruction and Development (IBRD).

Hungarian economy’s growth is larger than previously reported

Ministry of Finance, September 5, 2018 11:10 AM

In Q2 2018, Hungary’s GDP grew by 4.8 percent year-on-year, which figure is 0.2 percentage points higher than the preliminary reading was.

Amount of investment in Hungary totalled HUF 3100bn (EUR 9.5bn) in H1 2018

Ministry of Finance, August 30, 2018 2:31 PM

In H1 2018, the volume of investment was up by 13.4 percent year-on-year, rising to a total of HUF 3113bn. Investment was higher in almost every economic sector, and this has also contributed to robust GDP growth. In Q2 2018, the indicator showed growth of 15.3 percent year-on-year (totalling HUF 1 852bn).