Committee exempts 15 projects from plaza ban

Exemptions proposed by the committee included the construction of a vehicle-parts store, a pet shop, a cold-storage facility and a warehouse.
BusinessFriday, 13:30 April 27., 2012 Read more

Talks on Hungary Central Bank Act held at ECB headquarters

The talks in Frankfurt were expected to produce a solution on disputed points of the law.
EconomyTuesday, 11:10 April 17., 2012 Read more

Economy Ministry clarifies minister's tax ideas

There are no plans to introduce a five-rate VAT system, the National Economy Ministry said.
EconomyFriday, 16:45 April 6., 2012 Read more

Analysts skeptical about economy minister's tax notions

Takarékbank analyst said that the introduction of five VAT rates would be unnecessary, as the more rates there are, the greater the possibility there is to evade taxation.
EconomyFriday, 09:55 April 6., 2012 Read more

Economy minister would introduce financial sales tax

"There is no sales tax in the financial system, and as we shift the focus of taxation to sales and consumption we must introduce a financial sales tax," Matolcsy told Heti Válasz.
EconomyThursday, 12:25 April 5., 2012 Read more

Hungary 2011 deficit, excluding one-offs, better than targeted

Hungary's general government deficit, excluding the effect of one-off measures, was 2.43% of GDP in 2011, lower than the 2.94% target and under the 3% threshold for the first time since 2004, National Economy Minister György Matolcsy told European Commission Vice President Olli Rehn in a letter on Tuesday.
EconomyTuesday, 21:35 April 3., 2012 Read more

Matolcsy: Government will take all measures to keep deficit under 3% of GDP

The government will take all the measures necessary to keep Hungary’s deficit under the EU-stipulated maximum of 3% of GDP next year as well, National Economy Minister Gyorgy Matolcsy told journalists in Brussels after the Fiscal Council approved continuing Hungary’s excessive deficit procedure (EDP) on Tuesday.
EconomyTuesday, 17:50 January 24., 2012 Read more

Opposition MPs summon Matolcsy to committee meeting

Parliament’s Audit and Budget Committee has called an extraordinary meeting for January 20 to hear an assessment of the 2012 budget by National Economy Minister Gyorgy Matolcsy, the invitation to the meeting published on the website of Parliament shows.
PoliticsThursday, 14:50 January 12., 2012 Read more

PM, central bank governor, ministers start meeting

No further details have been published, but a press conference will be held after the meeting.
PoliticsFriday, 09:30 January 6., 2012 Read more

Matolcsy outlines amendments to Central Bank Act made on ECB recommendations

National Economy Minister Gyorgy Matolcsy outlined amendments to Hungary’s new Central Bank Act in a letter to European Central Bank president Mario Draghi dated January 5.
PoliticsThursday, 17:40 January 5., 2012 Read more

Hungary met 2011 central govt balance target, Matolcsy tells Rehn

Hungary met its cash flow-based central government balance target in 2011, according to preliminary data and excluding extraordinary and one-off items, which could help the country to achieve its deficit targets in 2012 and 2013, National Economy Minister Gyorgy Matolcsy said in a letter sent to European Commission vice-president Olli Rehn.
EconomyThursday, 17:40 January 5., 2012 Read more

Economy Minister pins great hopes on talks with IMF and EU

National Economy Minister Gyorgy Matolcsy said on Thursday that the government has placed great hope in its talks with the International Monetary Fund (IMF) and European Union (EU) on a financial-assistance package for Hungary.
PoliticsThursday, 16:50 December 22., 2011 Read more

Economy minister says that Hungary has begun process of renewal, though faces adversity

National Economy Minister Gyorgy Matolcsy said on Thursday that the Hungarian people and economy have entered a period of renewal, though face a stiff "headwind."
EconomyThursday, 13:15 December 22., 2011 Read more

Lower growth, weaker forint put HUF 320bn dent in 2012 budget – Matolcsy

The government is recalculating the 2012 budget assuming an exchange rate of 299 forints to the euro and GDP growth of 0.5%, which will have a combined HUF 320bn effect, National Economy Minister Gyorgy Matolcsy said at a press conference on Thursday.
EconomyThursday, 14:15 December 15., 2011 Read more

Hungary govt looks to central bank to spur growth

Hungary’s government is asking the central bank to mull ways it can use monetary policy to support economic growth, National Economy Minister Gyorgy Matolcsy said on Wednesday.
EconomyWednesday, 15:15 December 7., 2011 Read more

Govt may modify 2012 budget on changed growth outlook

Hungary’s government could make small corrections next week to the expenditure and revenue sides of the 2012 budget, but it will continue to target a 2.5%-of-GDP fiscal deficit, National Economy Minister Gyorgy Matolcsy said on Wednesday.
EconomyWednesday, 13:10 December 7., 2011 Read more

German finance minister voices support for Hungary reforms

Hungary has started up a remarkable path of reforms and Germany will support their implementation, German Federal Minister of Finance Wolfgang Schauble said at a joint press conference with Hungarian Prime Minister Viktor Orban on Monday.
PoliticsMonday, 17:40 December 5., 2011 Read more

Hungary's government unveils draft growth plan

Hungary's government aims to boost economic growth by concentrating on business sectors as well companies, by supporting domestic demand and by taking full advantage of the country's geographical location to turn it into an economic hub for the region, a draft of the Hungarian Growth Plan published on the government website shows.
EconomyFriday, 19:00 December 2., 2011 Read more

Matolcsy consults with Simor on growth plan

National Economy Minister Gyorgy Matolcsy consulted with National Bank of Hungary governor Andras Simor on the aims and directives of the Hungarian Growth Plan on Thursday, the National Economy Ministry said.
EconomyThursday, 17:20 December 1., 2011 Read more

Matolcsy consulting with central bank governor on 2012 growth target

National Economy Minister Gyorgy Matolcsy is consulting with the National Bank of Hungary governor on next year’s economic growth target, government spokesman Andras Giro-Szasz said on Wednesday.
EconomyWednesday, 15:40 November 30., 2011 Read more

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