Tag "NGM"
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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NGM: retail turnover took off in January
According to the data of the Central Statistical Office (KSH) adjusted for calendar effects, the volume of retail trade increased by 4.7 percent in January compared to the same period...
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NGM: weak German economy limits domestic industry’s performance
The competitiveness problems of the European Union and the economic crisis in Germany are limiting the export-driven Hungarian economy, including the performance of industry. The government aims to increase economic...
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The Ministry of Agriculture expects retail chains to voluntarily reduce prices
What is happening in stores these days is unacceptable, price increases must be stopped in the interests of families and pensioners! The Ministry of National Economy (NGM) is conducting intensive...
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The number of registered job seekers decreased by 3,000 in February
According to data from the National Employment Service, in February 2025, only 232,348 people were unemployed, which is a decrease of more than 3,000 people compared to the same period...
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Zoltán Guller is the Chairman and CEO of Szerencsejáték Zrt.
Minister of National Economy Márton Nagy will appoint Zoltán Guller, Chairman of the Board of Directors of the Hungarian Tourism Agency, as of March 5, 2025, as the Chairman and...
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Máté Lóga: 2025 could be the year of taking off
The dynamic expansion of retail turnover shows that after the past three difficult years, 2025 could be a year of breathing space and getting going, and this could continue in...
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NGM: The popularity of the SZÉP card will continue to grow in 2025
The SZÉP card is playing an increasingly important role in the financial life of Hungarian households, and its popularity continued to grow last year, thereby contributing to the development of...
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NGM: following the record year of 2024, tourism will continue to grow in 2025, 18 percent more guests arrived at domestic accommodations in January
The opening event of the campaign, timed for Women’s Day, is the FIAT Charity Fashion Market, an exclusive charity clothing fair, which will be hosted by the Apollo Gallery this...
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NGM: at the forefront of economic whitewashing – Hungary is the first in the world to make e-cash registers general
The government’s priority goal is to maintain fair market competition and whiten the economy. Hungary is at the forefront of whitening the economy, and many of the government’s online measures...
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Average earnings to increase by 13 percent in 2024
The government is constantly working to ensure that families can manage with more and more money – emphasized Sándor Czomba, State Secretary for Employment Policy at the Ministry of National...
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NGM: pensioners will be able to use VAT refunds extremely easily
Malicious comments and criticisms regarding the VAT refund of pensioners, without information on the exact regulations, are nothing more than simple, old-fashioned political sentiment-raising – this is how the Ministry...
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Online price monitoring may expand
In order to protect families, keep inflation low and strengthen retail competition, a social consultation will start on Friday on the expansion of the online price monitoring system to 100...
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Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and the government is ready to take action with all means to protect families, the Ministry of National Economy (NGM) told...
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NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025, consumer prices exceeded those a year earlier by an average of 5.5 percent, and consumer prices rose by an average...
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