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• Economy

  Deficit confirmed nearing 40% of full-year target

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 526.6 billion deficit at the end of February, the Ministry for National Economy confirmed on Wednesday. The headline figure was unchanged from preliminary data released on March 7.

   Wed, Mar. 21, 2018, 12:09

  • deficit
  • budget
  • tax
  • target
  • ministry for national economy
• Business

  GE vows to maximize local suppliers for Paks project

  

  General Electric (GE) plans to boost the value of purchases from some 1,300 certified suppliers in Hungary from the current USD 900 million a year, GE Europe President-CEO Peter Stracar said Tuesday at a forum for suppliers initiated by the company in Budapest, as reported by online business news site vg.hu.

   Wed, Mar. 21, 2018, 09:00

  • ge
  • supplier
  • network
  • paks
  • stracar
  • ministry
• Finance

  Deficit over third of full-year target at end of February

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 526.6 billion deficit at the end of February, show preliminary data released Wednesday by the Ministry for National Economy. The deficit thus reached 38.7% of the HUF 1,360.7 bln full-year target, state news wire MTI-Econews calculated.

   Wed, Mar. 7, 2018, 11:58

  • deficit
  • budget
  • gdp
  • ministry
  • eu funds
• Economy

  Ministry confirms HUF 192.8 bln deficit at end of January

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the Ministry for National Economy confirmed in a second reading of data released Wednesday. The deficit thus reached 14.2% of the HUF 1,360.7 bln full-year target.  

   Wed, Feb. 21, 2018, 16:10

  • deficit
  • ministry
  • general government
  • revenue
  • expenditure
• Economy

  General govʼt deficit 14% of full-year target at January end

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 192.8 billion deficit at the end of January, the Ministry for National Economy said in a preliminary release of data on Thursday, summarized by state news agency MTI.   

   Thu, Feb. 8, 2018, 11:20

  • general government
  • deficit
  • central budget
  • target
  • ministry
• Business

  Brighter Prospects for Both Global and Local Economy

  

  The outlook for both the global and the Hungarian economy look good this year, with projections for the latter having been revised upwards again.

   Fri, Jan. 26, 2018

  • global growth
  • Hungarian growth
  • GDP
  • inflation
  • MNB
  • Ministry for National Economy
• Business

  Gov’t: Disciplined Fiscal Policy to Remain Despite Election

  

  Hungary’s economy is likely to kick off the year in a better position than it did in 2017, as expansion is now based on solid ground, says the economy minister. Although 2018 is an election year, fiscal stability will not be influenced by this, the minister insists.

   Fri, Jan. 12, 2018

  • Varga
  • growth
  • fiscal stability
  • Ministry for National Economy
  • ratings
• Economy

  Ministry launches development program for mid-sized firms

  

  The Ministry for National Economy is launching a development program from European Union funding worth HUF 1.7 billion to support medium-sized companies showing high growth with grants, István Lepsényi, secretary of state for economic development and regulation, said on Wednesday.   

   Thu, Jan. 11, 2018, 09:00

  • ministry
  • program
  • development
  • mid-sized
  • sme
• Economy

  Only one-third of guest worker quota filled in 2017

  

  Around 19,800 foreign nationals from countries outside of the European Union were awarded permits to work in Hungary by late December 2017, well under the 59,000 quota for the year, Minister of State for the Labor Market and Training Péter Cseresnyés said in a written response to a query by an opposition MP.   

   Tue, Jan. 9, 2018, 13:10

  • guest worker
  • quota
  • ministry
  • labor shortage
• Economy

  Advance payments on EU funding lift general govʼt deficit

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,973.9 billion deficit at the end of December, the Ministry for National Economy said in a preliminary release of data on Monday. The deficit thus reached 169.2% of the HUF 1,166.4 bln full-year target, state news wire MTI noted.

   Mon, Jan. 8, 2018, 14:18

  • deficit
  • eu funding
  • target
  • ministry for national economy