News tagged with: mihály varga

Economy Minister: Hungary May Launch Economic Stimulus Package To Maintain GDP Growth

Hungary’s government will stand by its growth target for this year and could prepare an economic stimulus package in the...

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Hungary Finally Pays Back Last Installment Of 2008 EU-IMF Loan

Hungary has payed back the final, EUR 1.5 billion installment of the $25 billion IMF-EU loan taken on by the...

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Hungary's Mihály Varga Named CEE's Finance Minister Of The Year

Hungary's economy minister Mihály Varga has received the award “Finance Minister of the Year, Central and Eastern Europe 2015” from...

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Economy Minister: Government Considers Reducing Value-Added And Personal Income Taxes

Hungary's government is examining the possibility of beginning to reduce value-added taxes by 2018, economy minister Mihály Varga said on...

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Hungary Needs More Skilled Workers, Economy Minister Says

Hungary needs as many skilled professionals in the productive industries as possible; this objective has been served by the reorganisation...

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Economy Minister: Hungary’s Measures On Forex Loans Spare Around 1 Trillion Forints

The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga...

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Economy Minister: Car Owners Should Renegotiate Forex Loans On Their Own

Car owners who took out loans in foreign currency and are struggling to service their debt in wake of forint weakness should negotiate...

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Minimum Wage To Increase To HUF 105 000

The minimum wage in Hungary is to increase to HUF 105 000 (EUR 334), while the level of the guaranteed...

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State To Purchase Major Commercial Lender Budapest Bank

The Hungarian state is to purchase Budapest Bank, the country's eighth-biggest lender, from its current owner GE. The government signed...

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Budget Bill 2015 Submitted To The Parliament

The Hungarian government submitted the budget bill for fiscal year of 2015 to Parliament on Thursday. The bill, presented by Economy...

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Hungarian Forint In Good Shape

Bloomberg reported, that Hungarian forint had extended a weekly advance against the euro. The currency gained as much as 0.4 percent...

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Varga: Redistribution Shall Be Reduced

Mihály Varga, minister of national economy of Hungary has hinted budget reforms for the following years at an economic conference...

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Varga: Forex Loan Conversion Could Start by Spring

The conversion of forex loans to Hungarian Forint one could start by the spring, said Minister for National Economy Mihály...

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Varga: GDP Forecast Raised to 3.1%

The full-year gross domestic production forecast of Hungary has been raised to 3.1% in light of recent great figures, said...

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Ministry of National Development on Budget Freeze

The Ministry of National Development published a list of recommendations regarding the recent budget freeze, containing 27 items, reported news...

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Varga: Deficit not out of the Ordinary

The 86.2% budget deficit in the first six months of 2014 is not out of the ordinary and is part...

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Budget Amendment Submitted on Monday

Minister of National Economy Mihály Varga submitted an amendment to the budget law to Parliament on Monday. The budget amendment's...

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