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Péter Szijjártó pledges to lay foundations of new foreign policy

Ministry of Foreign Affairs and Trade, October 1, 2014 5:35 PM

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.

Export is the key element of lasting growth

Ministry of Foreign Affairs and Trade, October 1, 2014 4:24 PM

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.

Debt ratio continues to fall and fiscal deficit stays at 2.9 percent this year

Ministry for National Economy, October 1, 2014 1:13 PM

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.

MKB Bank is now part of national assets

Ministry of National Development, October 1, 2014 11:24 AM

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.

Hungarian unemployment rate well below EU average

Ministry for National Economy, October 1, 2014 8:58 AM

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.

Land for Farmers Programme continues

Ministry of Agriculture, September 30, 2014 7:06 PM

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.

Vehicle manufacturing sector expanded by 32 percent in 2013

Ministry for National Economy, September 30, 2014 10:48 AM

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.”

Minister of Interior bans racist conference

Ministry of Interior, September 29, 2014 6:25 PM

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.

Higher education receives nearly HUF 7 billion for debt consolidation

Ministry of Human Capacities, September 29, 2014 6:00 PM

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 Balog hands over national minority scholarships

Ministry of Human Capacities, September 29, 2014 5:55 PM

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.