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• Economy

  Chamber, MNB submit economic policy proposals

  

  The Hungarian Chamber of Commerce and Industry (MKIK) and the National Bank of Hungary (MNB) have together produced a package of proposals for the government to consider when it drafts its new strategy for economic policy, daily Magyar Idők reported on Wednesday, cited by state news wire MTI.   

   Wed, Apr. 18, 2018, 11:42

  • mkik
  • mnb
  • central bank
  • economic policy
  • proposal
  • government
• Politics

  Orbán to form cabinet with ‘mostly new people’

  

  Prime Minister Viktor Orbán said he plans to form his cabinet "with mostly new people" and "with new structures," speaking at an international press conference in the Hungarian Parliament building on Tuesday, national news agency MTI reported.

   Tue, Apr. 10, 2018, 14:51

  • orban
  • government
  • cabinet
  • election
  • juncker
• Finance

  Deficit reaches 64% of full-year target in March

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 871.9 billion deficit at the end of March, the Ministry for National Economy said in a preliminary release of data on Monday. The deficit thus reached 64.1% of the HUF 1,360.7 bln full-year target, news wire MTI-Econews calculated.

   Mon, Apr. 9, 2018, 11:52

  • deficit
  • budget
  • target
  • general government
• Business

  Arconic-Köfém gets tax benefit for HUF 35 bln capacity expansion

  

  Automotive industry supplier Arconic-Köfém is investing HUF 35 billion in a 17,000 square-meter production hall in Székesfehérvár, (64 km southwest of Budapest). The government is providing a HUF 8.3 bln tax break for the project, Minister of Foreign Affairs and Trade Péter Szijjártó said today at the start of the plantʼs construction.   

   Tue, Mar. 6, 2018, 14:20

  • arconic
  • capacity
  • tax
  • benefit
  • government
  • szekesfehervar
  • szijjarto
• Economy

  CSOK home subsidy scheme expands in March

  

  The government will expand its home purchase subsidy scheme for families with children, known by its Hungarian acronym "CSOK," from March 15. In addition, application procedures will be made easier and quicker, Katalin Novák, state secretary for family affairs at the Ministry of Human Capacities, said on Wednesday.

   Thu, Mar. 1, 2018, 08:42

  • csok
  • home subsidy
  • scheme
  • government
  • family
• 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
• Economy

  Szijjártó boasts record investment promotion in 2017

  

  “The largest ever number and highest ever value of investment arrived in Hungary last year via the government’s investment promotion system; 96 projects brought a total of EUR 3.5 billion in investments,” Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference Wednesday to announce an investment by Turkish-owned concern Metyx.

   Thu, Feb. 8, 2018, 10:06

  • government
  • investment
  • promotion
  • metyx
  • kaposvar
  • szijjarto
• Economy

  General govʼt deficit confirmed at 169% of 2017 target

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1.974 trillion deficit at the end of December, thus reaching 169.2% of the HUF 1.166 tln full-year target, the Ministry for National Economy confirmed in a second, detailed reading of data on Tuesday, as reported by state news wire MTI.

   Tue, Jan. 23, 2018, 15:07

  • government
  • deficit
  • target
  • state debt
  • eu
  • revenues
  • expenditures
• Energy/environment

  Hungaryʼs government to support farm solar parks

  

  The government will draft a plan to support the establishment of 3,000 small solar parks on farmland, János Lázár, the minister heading the Prime Ministerʼs Office, said at a weekly press briefing on Thursday.

   Fri, Jan. 19, 2018, 08:08

  • solar park
  • renewable energy
  • lazar
  • government