Ministry of Finance

Mihály Varga

Minister of Finance

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Hungary can be an even more attractive investment destination

Ministry of Finance, February 22, 2019 10:49 AM

“The Tax Conference, which was convened for the second time, focused on international taxation. In addition to wanting to ensure as soon as possible that multinational companies also pay the taxes that are due to the state treasury, we would like to introduce the mandatory international tax regulations in such a way that they provide enterprises with the most favourable tax environment possible and even more foreign investors choose Hungary as their base of operations”, Minister of State for taxation Norbert Izer told Hungarian news agency MTI.

Hungary’s government budget posted a surplus in January 2019

Ministry of Finance, February 22, 2019 9:46 AM

Recently implemented Government measures and prudent fiscal management have resulted in the best government budget balance of the past two decades in the month of January, Minister of Finance Mihály Varga said.

Hungary’s rating upgrade seen to attract more investment from abroad

Ministry of Finance, February 22, 2019 9:02 AM

The multi-year balanced growth of the Hungarian economy, the rate of which has been above the EU average, is expected to further improve Hungarian-Russian relations and make Hungary an even more attractive destination for Russian investors, Minister of Finance Mihály Varga said in Moscow, where he has met with Russia’s Minister of Finance Anton Siluanov and Chairman of the International Investment Bank (IIB) Board Nikolay Kosov.

Earnings in real terms gained more than 70 percent since 2010

Ministry of Finance, February 22, 2019 9:01 AM

Earnings in real terms, including family tax allowances, have increased markedly, by more than 70 percent in the period 2010-2018. As in 2017, employees earned an extra month worth of wages in 2018, and this has greatly improved the finances of families.

Standard and Poor’s raised Hungary’s credit rating one notch higher once again

Ministry of Finance, February 18, 2019 10:20 AM

Thanks to Hungary’s balanced and stable growth in recent years, Standard and Poor’s raised Hungary’s credit rating one notch higher, Minister of Finance Mihály Varga said, commenting on the latest announcement by the agency.

Financial cooperation is one of the most rapidly growing areas of Hungarian-Chinese relations

Ministry of Finance, February 15, 2019 11:48 AM

Financial cooperation is one of the most rapidly growing areas of Hungarian-Chinese relations, Minister of Finance Mihály Varga said at today’s meeting with Bank of China Vice Chairman Liu Liange.

Hungary maintains the view that tax policies of member states must not be restricted

Ministry of Finance, February 15, 2019 8:29 AM

Hungary continues to oppose proposals aiming to curtail the taxation policy sovereignty of member states, Minister of Finance Mihály Varga said, following the latest Ecofin session in Brussels.

Gábor Gion in talks with credit rating analysts

Ministry of Finance, February 14, 2019 4:32 PM

Interest in the Hungarian economic model is rising. Over the past few years Hungary’s most important economic indicators have consistently topped EU rankings.

Hungarian economy grew at a higher-than-expected rate of 4.8 percent in Q4 2018

Ministry of Finance, February 14, 2019 1:52 PM

The Hungarian economy’s performance has been improving: the rate of economic growth hit 4.8 percent last year, the highest figure in the past fifteen years, Minister of Finance Mihály Varga said. As growth has been decelerating globally and in the entire European Union, the Government is working to maintain the current growth momentum.

The financing of the Euro-zone budget must not contradict the long-term interests of the European Union

Ministry of Finance, February 13, 2019 9:13 AM

The Eurozone budget must not overlap the existing (financial) instruments and (fiscal) objectives of the European Union, as doing so would exacerbate differences between the regions and jeopardize efforts aiming to bolster the common market, Minister of Finance Mihály Varga said at the latest Eurogroup meeting in inclusive format in Brussels.