Tag "NGM"
NGM: Fitch Ratings continues to recommend Hungary for investment
Fitch Ratings has once again affirmed Hungary’s sovereign debt rating and continues to recommend our country for investment – with a negative outlook. In 2025, a wave of downgrades was...
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21st European Commerce Day: the market and politics sitting at the same table
On the 21st European Commerce Day the representatives of the National Association of Entrepreneurs and Employers (VOSZ), the government and trade associations discussed issues of partnership, digitalisation and competitiveness. This article is...
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Extended margin squeeze begins – 13 more products will be subject to regulation
The government has extended the margin reduction until February 28, 2026, and has expanded it to 13 more product categories from Monday, the Ministry of National Economy (NGM) announced. The...
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From Monday, the SZÉP card can be used again to purchase cold food
According to the Ministry of National Economy (NGM), it will again be possible to purchase cold food with the SZÉP card between December 1, 2025 and April 30, 2026. According...
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NGM: Moody’s continues to recommend Hungary for investment
Moody’s has once again confirmed Hungary’s Baa2 sovereign debt rating, so the credit rating agency, like Standard and Poor’s and Fitch Ratings, continues to recommend our country for investment –...
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NGM: another step to strengthen the Hungarian dairy sector
The government is taking another step to strengthen the Hungarian dairy sector: in addition to the 50 billion forint credit line previously allocated to the domestic dairy sector, it has...
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NGM: domestic tourism is booming in autumn – tourist traffic increased by 11 percent in October
Hungary’s popularity among both domestic and international travelers is growing steadily, the Ministry of National Economy (NGM) stated on Thursday. Citing recent data from the Central Statistical Office, the NGM...
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NGM: safe and conscious shopping during Black Friday, this is what shoppers should pay attention to
As the holiday season approaches, and especially during the Black Friday sales at the end of November, online and in-person shopping increases significantly. At this time, retailers advertise their products...
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Financial Literacy Awards Presented
The Financial Awareness Development Awards were presented on Thursday at the Ministry of National Economy (NGM), this year three students, five teachers and one educational institution received the recognition. Anikó...
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NGM: ESG approach is increasingly dominant among investors
Competitiveness and sustainability are no longer two separate paths, but parts of the same modern economic policy logic that determine the future of Hungary; The ESG (environmental, social and governance)...
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The government is extending the margin reduction to additional products
The Ministry of National Economy, in response to the October inflation data of the Central Statistical Office, announced that it will extend the margin reduction for food products until February...
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Historical record: 5,000 businesses applied for the fixed 3 percent SME loan in the first month
An unprecedented rush has begun for the new, fixed 3 percent interest rate business loans: in the case of the seven products of the Széchenyi Card Program, more than 5,000...
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This year, the Night of Modern Factories will be held for the ninth time
On November 14, 2025, the Hungarian Economic Development Agency, under the ownership of the Ministry of National Economy (NGM), will organize the Night of Modern Factories, a national program series,...
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Ferenc Antal: with the repurchase of Budapest Airport, it has become timely to “channel the airport into the existing railway network”
The project for the airport’s fixed-track railway connection has been “on the table” for several years, and with the repurchase of Budapest Airport, it has become possible to channel Budapest...
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NGM: tourism continues to perform at a high level in autumn, 8 percent more people vacationed in September
Hungary is becoming an increasingly attractive tourist destination for both domestic and international travelers – the Ministry of National Economy (NGM) stated in its commentary on the latest statistical data...
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Richárd Szabados: 2,600 businesses have already applied for the fixed 3 percent loan targeting SMEs, worth 140 billion forints
The fixed 3 percent loan targeting SMEs was applied for by 2,600 enterprises in the two weeks following its launch, worth 140 billion forints – said the State Secretary for...
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Márton Nagy: consumer protection is a top priority for the government
At the national professional conference “United for Consumers”, the Ministry of National Economy presented the current tasks and measures of consumer protection. Minister of National Economy Márton Nagy highlighted: “consumer...
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NGM: fixed 3 percent SME loan launched on October 6
The government is doing everything it can to support domestic SMEs and boost industry. Therefore, we have expanded the 100 new factory program to 150, and through the Demján Sándor...
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NGM: negotiations begin between Alföldi Tej Kft. and the Hungarian State on the acquisition of the dairy company
Negotiations between Alföldi Tej Kft. and the Hungarian State on the acquisition of the dairy company have begun – the Ministry of National Economy (NGM) announced. The announcement reminds that...
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KSH: retail turnover in August exceeded the same period of the previous year by 2.4 percent and the previous month by 0.8 percent
Sorry, this entry is only available in HU....
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NGM: purchasing power is increasing, retail trade is expanding – family tax cuts and food vouchers for pensioners are further strengthening turnover
According to the Ministry of National Economy (NGM), the latest retail data reflect the increase in household purchasing power and the recovery in consumption. In its commentary on the Central...
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The Hungarian labor market remains stable
The Hungarian labor market remains stable, employment is high and unemployment is low – said the State Secretary for Employment Policy of the Ministry of National Economy (NGM) on Thursday...
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NGM: domestic tourism set another record in August, with nearly 2.8 million guests spending 7.3 million guest nights in Hungarian accommodations
The government is working to ensure that as many Hungarian families as possible can relax, while Hungary is becoming an increasingly attractive tourist destination for international travelers. Therefore, the government...
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The state banned the purchase of Alföldi Tej
The Hungarian state has prevented a foreign group of companies – according to market information, a Greek company – from acquiring a 100 percent stake in Alföldi Tej Kft., the...
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NGM: Margin reduction extended, delivery of food vouchers continues
According to a statement from the Ministry of National Economy, the margin reduction has been extended until November 30, and the delivery of food vouchers worth 30 thousand forints continues....
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NGM is satisfied with the increase in retail turnover
The Ministry of National Economy (NGM) responded in a statement to the latest data from the Central Statistical Office (KSH), according to which the volume of retail trade in July...
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NGM: nearly 2.5 million guests stayed at domestic accommodations in July, setting another record for domestic tourism
Hungary is an increasingly popular destination for both domestic and international travelers. The government is working to ensure that this trend continues to strengthen in the future, and is therefore...
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Nearly 30,000 people worked in this year’s Summer Student Work Program
The government is constantly working to ensure that everyone who wants and can work can work. To this end, the government announced the Summer Student Work Program for the thirteenth...
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NGM: GINOP Plusz “Improvement of Working Conditions” priority project launches on September 1
The GINOP Plusz “Development of Working Conditions” priority project will start on September 1st, and domestic SMEs in the Southern Great Plain region can now apply – the Ministry of...
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NGM: SZÉP card holders spent 44 billion forints in June
The SZÉP card, following the record year of 2024, is one of the most important driving forces of domestic tourism this year as well: in June 2025, surpassing the previous...
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