Hungarian diplomacy will focus on enforcing the country's economic interests in the most effective way possible, new Minister of Foreign Affairs and Trade Péter Szijjártó said on Wednesday.
Lasting economic growth could be achieved by Hungary in 2014, with export being the major contributing factor, said Minister of Foreign Affairs and Trade Szijjártó Péter at the conference ‘Export expansion: where, how, what?’, organized by the newspaper Világgazdaság in Budapest this Tuesday.
The Hungarian Central Statistical Office (KSH) has submitted Hungary’s EDP report to the statistical body of the European Commission. The Ministry for National Economy is prognosticating a lower-than-expected general government debt-to-ratio of 76.9 percent, 2.9 percent budget deficit and economic growth of 3.1 percent for 2014. For 2013, GDP increase was revised up from 1.1 percent to 1.5 percent.
The sale and purchase transaction between the old and new owner of MKB Bank was completed successfully and according to plans on 29 September, 2014. Pursuant to the agreement signed between Bayerische Landesbank and the Hungarian Minister of National Development representing the Hungarian State, the bank was brought into national ownership. The Government aspires to extend Hungarian ownership in the banking system, whereby the Hungarian population and enterprises become less exposed to banks in terms of financial services.
Eurostat data show that Hungary’s unemployment rate fell to 7.8 percent. Over the past year, Hungary’s drop in unemployment was the largest among the EU28. The unemployment rate averaged 11.5 percent among 18 eurozone member states, while it was 10.2 percent in the entire EU.
The Land for Farmers Programme is continuing, within the framework of which a further 24 thousand hectares of state-owned land will now be made available to farmers, The Ministry of Agriculture’s Minister of State for State Lands announced.
The year of 2013 brought about a positive U-turn also within the vehicle manufacturing sector, as output in this division grew by 32 percent and the number of new jobs was up by 2000, Minister for National Economy Mihály Varga said in Kecskemét, at the Deloitte car industry conference entitled “Innovation.Incubation.Financing.”
The US-based extremist and nationalist international “white supremacy” organisation, the National Policy Institute (NPI), is organising a conference in the Hungarian capital together with Russian radical figures.
The Higher Education Restructuring Fund will distribute HUF 6.76 billion (EUR 26.4 million) to 12 higher education institutions this year to help them reduce their debts, Minister of Human Capacities Zoltán Balog said at a Budapest press conference on Monday.
Minister of Human Capacities Zoltán Balog handed over on Monday in Budapest the national minority scholarships for this academic year. Out of the 24 schools entitled to bid for the scholarships, students from twenty schools were awarded: ten of German, four of Roma, two of Croatian, two of Slovak, one of Romanian and one of Serbian nationality.