Tag "NGM"
NGM: retail turnover grew dynamically again, by 4 percent
According to the latest data from the Central Statistical Office, the strong expansion of retail trade turnover since January continued in October 2024. Following the temporary slowdown caused by the...
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Home renovation: a new opportunity with the SZÉP card
According to the government’s decision, from 2025, 50% of the amount available on the SZÉP card can be used for home renovation. This includes the following expenses: Purchase of hardware,...
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The SZÉP card will be digitized
According to the ninth point of the New Economic Policy Action Plan, which consists of 21 measures, the government will allow 50 percent of the benefits received on the Széchenyi...
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The Ministry of Finance asks people to spend in an information letter
The Ministry of National Economy (NGM) will inform members of the voluntary pension fund in an information letter that they can use their savings for housing purposes tax-free from 2025,...
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Sándor Czomba: the minimum wage will increase by nine percent next year
The minimum wage will increase by nine percent next year, thirteen percent in two years, and fourteen percent in three years. It was not easy, but the wage agreement between...
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The tightening of Airbnb regulations serves to solve the housing problem in Budapest
Airbnb sent an open letter to Minister of National Economy Márton Nagy, the letter contains several misinterpretable and misleading statements, the Ministry of National Economy (NGM) told MTI. In order...
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This is how the government would increase the purchasing power of incomes
The interest-free worker loan will be available from January 2025, the social negotiation of the loan scheme has begun – the Ministry of National Economy (NGM) announced to MTI. According...
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The Hungarian Catering Industry Association welcomes the decision of the Ministry of Tourism and Culture regarding the service charge
The Hungarian Catering Industry Association (MVI) welcomes the decision of the Ministry of Tourism and Culture regarding the service charge, according to which its maximum amount will be higher than...
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The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August, showing a 1.4% decline month-over-month after seasonal adjustments, partially attributed to disruptions from flooding. This drop interrupted the upward trend...
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Industrial production has decreased in Hungary: the NGM urges the reduction of German dependence
According to the latest data of the Central Statistical Office (KSH), adjusted for calendar effects, industrial production in September 2024 was 5.4 percent below the level of the previous year,...
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NGM: Consumer Protection Council meeting for the protection of consumer rights and the effectiveness of the domestic consumer protection institutional system
The Ministry of National Economy (NGM), which is responsible for consumer protection, organized the second meeting of the Consumer Protection Council of the year, which was attended by a wide...
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NGM: 1.5 million guests rested in our country in September, the performance of tourism continued to increase
Based on the data of the Central Statistical Office (KSH) and the National Tourist Information Center (NTAK), in September 2024, nearly 1.5 million people visited our country and used the...
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NGM: Márton Nagy asked Booking to comply with the law and ensure the acceptance of the SZÉP card
Minister of National Economy Márton Nagy received Katerina Shearer, Booking.com’s head of government relations for the Central and Eastern European region, in his office. At the meeting, the current situation...
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Sándor Czomba: domestic employment remains high
Based on the latest data from the Central Statistical Office (KSH), the number of employed people reached around 4,699,000 in September 2024, the Ministry of Economic Affairs (NGM) pointed out...
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Standard and Poor’s: Hungary is still recommended for investment
In today’s rating, Standard and Poor’s confirmed that it continues to recommend Hungary for investment, so the reports of the three most important credit rating agencies all reflect a high...
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NGM promises an average salary of HUF 1 million
According to Márton Nagy, the minimum wage of 1,000 euros and the average salary of 1 million forints are achievable, the Minister of National Economy held a meeting on Tuesday...
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NGM: increased consumer protection control at online stores and courier companies
The Minister of National Economy called on the consumer protection authority to investigate the information and complaint handling obligations of online stores and courier companies, which will take the necessary...
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NGM: the number of successful businesses with female management is increasing
The number of successful businesses with female management is increasing – stressed László Hunyadi, the Deputy State Secretary responsible for business development of the Ministry of National Economy (NGM) on...
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KSH and NGM concluded a strategic agreement
The KSH and the NGM concluded a strategic agreement in order to reduce data collection costs and data provider burdens, and to increase data integrity, and they also agreed on...
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NGM: the popularity of the SZÉP card continued to grow in the summer
The results of the year 2024 also confirm that the SZÉP card plays a prominent role in the financial toolbox of Hungarian families, supporting their carefree rest, while also strengthening...
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NGM: the review of Airbnb regulations will only affect Budapest
In connection with the announcement made by the 26 tourism organizations, the Ministry of National Economy (NGM) states that a housing problem has developed in Budapest, which particularly affects young...
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The expansion of consumption has been unbroken for eight months, the growth of retail turnover accelerated to 4.1 percent in August
Based on the latest data from the Central Statistical Office (KSH), the trend of expansion of retail sales since January continued in August 2024, the Ministry of National Economy (NGM)...
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Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will play an important role in economic recovery, and the government is therefore opening up new financing opportunities for them –...
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NGM: the food industry and pharmaceutical production are also performing well
Based on Friday’s data from the Central Statistical Office (KSH), some sectors of the Hungarian economy perform better, others worse, but the Hungarian economy as a whole is growing. In...
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NGM: the Consumer Protection Civil Forum is established – the Ministry of National Economy strengthens its cooperation with consumer protection associations and conciliation bodies
The Ministry of National Economy (NGM), which is responsible for consumer protection, actively and constructively cooperates with all actors of the consumer protection institutional system in order to protect Hungarian...
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NGM State Secretary: artificial intelligence has become part of everyday life
Digitization is a priority sector, artificial intelligence (AI) has become part of everyday life – said Richárd Szabados, the State Secretary responsible for the development of small and medium-sized enterprises...
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NGM: tourism boomed in August as well, the number of guest nights exceeded 31 million
According to the latest data from the Central Statistical Office and the National Tourism Information Center, the performance of the tourism sector in Hungary continued to increase in August 2024,...
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Price increases for products with previous price caps: an investigation may be launched against the store chains
The Ministry of National Economy (NGM) recently expressed its concerns about the fact that large chain stores simultaneously raised the prices of products that were previously subject to price caps...
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NGM: the rules for the employment of guest workers may be further tightened
In order to protect Hungarian workers and their families as strongly as possible, the rules for the employment of guest workers may be further tightened. The social consultation of the...
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NGM: consumer protection was everywhere even in the summer
The Ministry responsible for consumer protection and the government offices under its professional supervision have been vigilant throughout the summer to protect Hungarian consumers – confirmed the Ministry of Economy...
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