Ministry of Finance

Mihály Varga

Minister of Finance

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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.

International Investment Bank headquarters to be relocated to Budapest

Ministry of Finance, February 5, 2019 1:45 PM

The relocation of the headquarters of the International Investment Bank (IIB) to Budapest will further bolster the role of Hungary and Budapest as an international financial center, Minister of Finance Mihály Varga said after he had signed the related agreement with IIB Chairman of the Management Board Nikolay Kosov.

New opportunities for Hungarian enterprises in Kazakhstan

Ministry of Finance, February 4, 2019 4:02 PM

The Astana International Financial Centre (AIFC), expected to play a key role in connecting Central Asia, China and Europe in the near future, provides great opportunities for actors from the Hungarian financial and economic sectors, Minister of Finance Mihály Varga said at today’s meeting with AIFC Governor Kairat Kelimbetov.

The latest OECD country report signals dynamic growth of the Hungarian economy

Ministry of Finance, January 31, 2019 2:58 PM

In the OECD Economic Survey of Hungary 2019, the organization acknowledges the economic achievements of the country, Minister of State for Financial Affairs Gábor Gion of the Ministry of Finance said at the presentation of the study earlier today.

The Government supports further wage hikes

Ministry of Finance, January 24, 2019 1:57 PM

The Government is working to ensure that the 71-month upward earnings growth trend persists, Minister of State for Employment Policy and Corporate Relations Sándor Bodó said, commenting on the latest earnings data for the period January-November 2018.

The CEE region continues to be the EU’s growth engine

Ministry of Finance, January 22, 2019 10:39 PM

The growth rate of the Central and Eastern European region has been above the EU average, and thus the region may play a key role in boosting economic growth within the European Union.

Hungary is doing better also regarding pay rises

Ministry of Finance, January 18, 2019 11:23 AM

Hungary is doing better also as regards pay rises. This is supported by the fact that in the past two years average earnings have increased by some 26 per cent in Hungary, Minister of State Sándor Bodó said at a press conference.

International Investment Bank’s headquarters to move to Budapest this year

Ministry of Finance, January 18, 2019 10:41 AM

The Hungarian headquarters of the International Investment Bank will open in the second half of 2019, and according to plans the entire headquarters will move to Hungary within two to three years, Finance Minister Mihály Varga said after his talks with Nikolay Kosov, Chairman of the financial institution’s Board.