Ministry of Finance

Mihály Varga

Minister of Finance

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Almost 4 million 200 thousand employed in Hungary

Ministry of Finance, October 29, 2014 5:56 PM

Employment is continuing to increase dynamically in Hungary according to the latest flash report from the Hungarian Central Statistical Office (KSH). The number of people in employment rose to 4 million 182 thousand in the July-September 2014 period, which is 192 thousand more than during the same period in the previous year. Unemployment fell by 2.4 percentage points to a new low of 7.4 in the third quarter.

Successful South Korean-Hungarian Knowledge Sharing Programme

Ministry of Finance, October 22, 2014 1:53 PM

The fact that South-Korea is interested in and ready to welcome Hungarian enterprises shows the success of the South-Korean-Hungarian Knowledge Sharing Programme (KSP), Deputy State Secretary for International Economic Relations Antal Nikoletti said at a press conference that followed a presentation of the first-year results of this economic consultation programme.

Wages in real terms are some 3 percent higher year-on-year

Ministry of Finance, October 21, 2014 3:38 PM

Wages in real terms are up by 2.9 percent in the initial eight months of the year. The number of people employed in the private sector – at enterprises with at least five employees – increased significantly, by 54 thousand in August in comparison to the same period of the previous year. In the initial eight months of this year, average gross wage was HUF 234 600 and, excluding public work schemes, it was HUF 246 400 in Hungary.

The country needs more skilled workers

Ministry of Finance, October 20, 2014 3:04 PM

Hungary’s economic growth requires many more skilled workers and technicians than those provided by the current education system, Minister for National Economy Mihály Varga said at an event organized to welcome the Hungarian winners of Euroskills, a competition for young skilled Europeans.

Ányos Jedlik Cluster formed to promote electromobility

Ministry of Finance, October 16, 2014 11:35 AM

The Ányos Jedlik Cluster has been formed under the supervision of the Ministry for National Economy and the National Innovation Office in the interests of the earliest possible realisation of the Ányos Jedlik Plan, which aims to promote the popularity of electric vehicles.

Hungarian Bath Culture Day held for the fifth time

Ministry of Finance, October 13, 2014 11:19 AM

At a press conference held on the occasion of Hungarian Bath Culture Day on 11 October, the Ministry of National Economy’s Deputy State Secretary for Tourism, Ádám Ruszinkó, emphasised that some two million people visited Hungary last year for health tourism purposes, staying an average of 7.3 guest nights in the country’s various health spas and wellness hotels, which is significantly more than the 4.2 guest nights spent in Hungary by typical tourists.

Despite bad weather, good tourism data in Hungary

Ministry of Finance, October 8, 2014 2:00 PM

The total number of guests and tourism nights increased by 7.1 percent and 5.2 percent, respectively, according to data released today by the Hungarian Central Statistical Office (KSH), Minister of State for Economic Regulation Béla Glattfelder said the excellent performance of the tourism sector is the result of the Government’s focused, multi-year tourism development policy, better quality services and the SZÉP Card.

General government budget cash-flow balance at the end of September in better shape than in past years

Ministry of Finance, October 8, 2014 9:20 AM

The central sub sector of the state budget posted a surplus of HUF 14.2bn at the end of September 2014, the best figure in years.

Award for Successful Enterprises presented for the month of September

Ministry of Finance, October 6, 2014 3:22 PM

Minister for National Economy Mihály Varga presented the “Investor of the Month” award to Evonik Agroferm Fermentációipari Ltd; while Járműszerelvényt Gyártó Ltd was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to Skawa Innovation Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.

Washington court ruled in favour of the State of Hungary in casino investment case

Ministry of Finance, October 6, 2014 10:32 AM

An international arbitration court, the International Centre for Settlement of Investment Disputes in Washington, has ruled in favour of Hungary in the Sukoró casino investment project case, Minister for National Economy Mihály Varga announced.