Ministry of Finance

Mihály Varga

Minister of Finance

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Investments have grown by more than twenty per cent

Ministry of Finance, November 29, 2018 1:07 PM

It is partly thanks to the measures recently implemented with a view to boosting investments, such as the single-digit corporation tax, the reduced burdens of employers and the effective utilisation of development funds, that in the first three-quarters of the year investments worth more than HUF 5,300 billion have been implemented in Hungary, Minister of Finance Mihály Varga announced evaluating the latest investment data.

Number of people in employment exceeds 4.5 million

Ministry of Finance, November 28, 2018 11:43 AM

“The number of people in employment in Hungary has exceeded four and a half million for the first time, which indicates that more and more people from still existing workforce reserves are moving into the world of work”, Minister of Finance Mihály Varga said, evaluating the latest employment figures.

OECD, too, has upgraded growth projection for Hungarian economy

Ministry of Finance, November 21, 2018 5:17 PM

The OECD has upgraded its 2018 growth projection for Hungary from the earlier 4.4 per cent to 4.6 per cent, but also for next year its projection concerning the growth of the Hungarian economy is 0.3 per cent more optimistic than earlier.

A growth rate between 4.3-4.5 per cent is expected for this year, and a growth rate above 4 per cent for next year

Ministry of Finance, November 21, 2018 5:12 PM

According to Finance Minister Mihály Varga, the Hungarian gross domestic product will increase by 4.3 to 4.5 per cent this year, and based on the government’s expectations, the economy in Hungary will expand at a rate above 4 per cent next year as well.

Mihály Varga holds talks with CEO of Provident

Ministry of Finance, November 21, 2018 8:33 AM

Minister of Finance Mihály Varga received the CEO of International Personal Finance Inc., international parent company of Provident Finance Cls., Gerard Ryan in his office in Tuesday.

Increasing tax revenues guarantee stability of state finances

Ministry of Finance, November 9, 2018 1:36 PM

Thanks to measures implemented with a view to making the economy more transparent and the high rate of economic growth, this year has been characterised by continuously rising tax revenues.

Hungary and the United States sign new tax treaty

Ministry of Finance, October 26, 2018 10:50 AM

Relations between Hungary and the United States are characterized by mutual respect, constant dialogue and cooperation, Minister of Finance Mihály Varga said after he had received earlier today US Ambassador to Hungary David B. Cornstein in his office. At the meeting, the Minister was quoted as saying that both Governments shared the same opinion with respect to international tax evasion and the international financing of terrorism: both required more efficient counter measures.

Switzerland has also preserved the memory of the 1956 revolution

Ministry of Finance, October 19, 2018 1:44 PM

“The revolution and freedom fight of 1956 is a part of our history that has been living with us ever since: it is still present in our decisions, our faith in the unity of Hungarians and our perceptions of the world”, Minister of Finance Mihály Varga said at an event organized by the Hungarian Embassy in Switzerland to commemorate the 62th anniversary of the 1956 revolution in Bern.

Minister Varga received US business delegation

Ministry of Finance, October 19, 2018 12:32 PM

Economic relations between Hungary and the United States are instrumental for the steady improvement of Hungary’s economic performance, Minister of Finance Mihály Varga said at a meeting with the US-Hungary Business Council (USHBC) delegation headed by President Eric Stewart.

Earnings in real terms up by 9 percent in January-August 2018

Ministry of Finance, October 19, 2018 10:41 AM

Earnings in real terms increased by 9 percent in the period January-August 2018, fuelling household income growth, which in turn has improved the finances of Hungarian families. The positive trend in real earnings growth has been unbroken for the 68th consecutive month, thanks to the six-year wage agreement, public sector career models and private sector wage hikes.