Tag "NGM"
The government supports the tourism sector with a new tool
Tourism is a sector of strategic importance for the Hungarian economy, which has achieved outstanding results in the past year. The government aims to further strengthen the momentum and competitiveness...
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A new step to strengthen SMEs, the National Champions loan program has been launched
The GINOP Plusz National Champions call for applications has been published, in which the “Single-operation Combined Loan Program Targeting Green and Digital Transition” will be launched with a budget of...
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Márton Nagy: in the long term, we must return to investment-based economic growth
In the long term, we must return to investment-based economic growth; consumption-based growth is unsustainable – said the Minister of National Economy on Thursday at the Portfolio Lending 2025 conference...
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NGM: consumer trust and effective enforcement in focus at the European Consumer Summit
Strengthening consumer trust, guaranteeing the security of the digital market and increasing the efficiency of EU law enforcement were the focus of the European Consumer Summit held on Tuesday, at...
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For businesses to grow, expanding their credit portfolio is essential.
For businesses to grow, it is essential to expand their credit portfolio, stressed Zsuzsanna Lukács, Deputy State Secretary for Enterprise Protection at the Ministry of National Economy (NGM), on Tuesday...
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Márton Nagy: in the long term, we must return to investment-led economic growth
In the long term, we must return to investment-led economic growth – stressed Márton Nagy, Minister of National Economy and the new co-chair of the Joint Venture Association (JVSZ), at...
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The margin cap remains, NGM is satisfied
The government has also taken action against unjustified price increases in the case of food, household goods, bank account fees and telecommunications services. The goal is clear, the financial security...
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NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation fell to 4.2 percent, while food inflation fell to 5.4 percent. Compared to the previous month, food prices fell by...
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NGM: the “150 new factories” program helps restore industrial production
According to data from the Central Statistical Office, the volume of industrial production in March 2025 remained at the level of the same month of the previous year, while adjusted...
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NGM is satisfied with the increase in retail turnover Visszajelzés küldése Oldalsó panelek Előzmények Mentve Fordítási találatok állnak rendelkezésre
The March slowdown in retail sales is merely a temporary, technical phenomenon, the background of which is the Easter effect, meaning that in 2024 Easter fell at the end of...
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NGM vs. OKSZ: consumption is increasing due to margin reduction – claims the government
According to the Ministry of National Economy (NGM), the government’s margin cut did not reduce, but rather substantially increased retail turnover – the claims of the National Trade Federation (OKSZ)...
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NGM: SZÉP card holders spent nearly 12 percent more on their cards in the first quarter of 2025 than last year
SZÉP card holders spent nearly 12 percent more on their cards in the first quarter of 2025 than last year, the Ministry of National Economy (NGM) announced in a statement...
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The number of foreign guests increased by 16 percent in the first quarter of 2025
In the first quarter of 2025, nearly 3.2 million guests arrived at Hungarian accommodation facilities, 8.4 percent more than in the same period in 2024. Guests spent a total of...
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Márton Nagy: there is a high chance that the margin reduction will be maintained
There is a high chance that the margin reduction measure will not be implemented after May 31, and it is expected that it will also be extended to household goods,...
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NGM: margin reduction has a significant impact: inflation fell to 4.7 percent in March
The government could no longer tolerate unreasonably high price increases, so in order to protect families and pensioners, it introduced a margin reduction, thanks to which the prices of about...
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NGM: retail turnover increased by more than 3 percent in February – consumer confidence continues to strengthen
In the first two months of the year, the volume of retail trade increased by 4 percent. The increase in turnover indicates a clear strengthening of consumer confidence. Hungarian households...
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The tax authority is asking companies for their opinions on electronic invoicing and real-time digital data provision
According to the information, the project owner of the package on the Hungarian side is the Ministry of National Economy (NGM), the professional participant is the National Tax and Customs...
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NGM: domestic economic processes are developing favorably, industrial performance is held back by weak external demand
Domestic economic processes are developing favorably, the performance of industry is being held back by weak external demand – this is how the Ministry of National Economy (NGM) commented on...
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Rising prices of services are driving inflation – not food
Although food prices continue to be the focus of public discourse and government measures, according to the latest statistics, it is not food prices but service prices that currently pose...
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Márton Nagy: Retail turnover growth is currently in the 4-5 percent range
This year is the year of economic breakthrough, with growth above 3 percent in the second half of 2025, and a dynamic expansion of GDP expected in the following years,...
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Real wages are rising, confidence is growing, retail sales are increasing
The dynamic increase in wages continued in January, Sándor Czomba, the State Secretary responsible for employment policy at the Ministry of National Economy (NGM), stated in his statement on Monday....
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NGM: government will preserve the purchasing power of pensions, pensioners will receive an additional increase of an average of HUF 39,600 in November
The government is committed to providing stable and predictable living conditions for pensioners. In January this year, the government increased pensions by 3.2 percent, which provided substantial assistance to approximately...
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This year’s call for applications for the European Enterprise Development Award has been published
This year’s call for applications for the European Enterprise Promotion Awards has been published, and the Ministry of National Economy (NGM) is waiting for applications for creative, innovative and unique...
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NGM: government will preserve the purchasing power of pensions
The government is committed to providing stable and predictable living conditions for pensioners. In January this year, the government increased pensions by 3.2 percent, which provided substantial assistance to approximately...
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NGM: 2025 is the year of breakthrough, catching up will not be stopped
According to Eurostat data published on Thursday, in 2024, Hungary’s GDP per capita measured at purchasing power parity was 77 percent of the EU average, ahead of Slovakia, Latvia, Greece...
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More than 1 million guests arrived at Hungarian hotels
Hungarian tourism continued to strengthen in February 2025: more than 1 million guests were registered in domestic accommodation, which represents an increase of almost 14 percent compared to the same...
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Soon there will be an ATM in every Hungarian settlement with over 2,000 inhabitants, the government welcomes the decision of the banking association
The government is working to ensure that every Hungarian settlement has at least one ATM. Minister of National Economy Márton Nagy is continuously negotiating and negotiating with the banking association...
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Hungarian-Israeli tourism ties are strong
Minister of National Economy Márton Nagy received Israeli Tourism Minister Chaim Kac in his office on Tuesday, a further step in strengthening Hungarian-Israeli tourism cooperation, the Ministry of National Economy...
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NGM: the Council of the Elderly initiated the expansion of the range of products subject to VAT refunds
The Council of the Elderly has initiated the expansion of the range of products subject to VAT refunds, the Ministry of National Economy (NGM) announced in a statement on Wednesday....
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NGM: we are fighting against unjustified price increases
The government is constantly working to make families’ money worth more and to be able to manage more. The government is therefore monitoring the development of prices, especially food prices,...
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