Tag "NGM"
NGM: retail sales increase since nearly three years
Retail sales grow for nearly three years. The growth that lasts for 35 month may remain permanently high this year, due to, inter alia, employment expansion, the rapidly rising wages,...
Read moreThe ekáer filters more efficiently from 1 August
The electronic road freight traffic control system (ekáer) will filter more efficiently from 1 August. After the National Assembly had refined the rules of the system, on the basis of...
Read moreNGM: an increase in retail sales confirms the spending of income
The increasing retail sales justify increasing household spendings – Simon Attila, Deputy Minister of State of the Ministry of National Economy (NGM) responsible for labor market told M1 news channel...
Read moreNGM: Hungarian retail grew above the European average
The Hungarian retail sales growth in April was the fourth largest in the European Union, significantly above the EU average of 2.4 percent – the Ministry of National Economy (NGM)...
Read more100 plus 20 billion HUF to the agricultural medium-sized enterprises
The Prime Minister’s Office allocated twenty billion HUF to support the agricultural medium-sized enterprises in the Rural Development Programme (VP) – agrarszektor.hu wrote. The supports can be used on food...
Read moreMLSZKSZ: the development of intermodal transport will bring several tens of billions on a national economic level
The Association of the Hungarian Logistics Service Centers (MLSZKSZ) submitted a proposal to the Ministry of National Economy to improve the functioning of the domestic intermodal freight transport system. According...
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The government has submitted the new cafeteria rules to the parliament
The employees receive 100 thousand HUF in cash at preferential taxation a year, in addition the employer can allocate 100 thousand HUF to the employees of the public sector and...
Read moreTállai: the Hungarian government undertook a huge fight for Hungarian pálinka
The Hungarian government undertook a huge fight for Hungarian pálinka. As a result the pálinka law was born, the Pálinka National Council was established, the pálinka has become a Hungaricum...
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NGM: Medical tourism is Hungary’s strategic sector
The medical tourism industry is one of Hungary's strategic sectors, it is a high-growing market – Ruszinkó Ádám, Deputy Minister of State stressed in his lecture held at the Greet...
Read moreNGM: retail sales are increasing for 33 months
Domestic retail sales continues to rise for 33 months – Marczinkó Zoltán, Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel on Wednesday, in...
Read moreLow inflation stimulates consumption
Low inflation is stimulating consumption through the real value of wages and is expected to contribute to gross domestic product (GDP) growth as well – Balogh László, Deputy Minister of...
Read moreNGM: EU proposals to develop the community Internet access points
An application was announced within the Economic Development and Innovation Operational (GINOP) program in a value of five billion HUF for the development of community Internet access points. According to...
Read moreNGM: low inflation and real wage growth helps trade
Due to low inflation and real wage growth, Hungarians like to buy, and partly this is the reason that retail sales increased in March again – Marczinkó Zoltán, Deputy Minister...
Read moreDomestic retail sales growth beats EU average
The volume of retail sales grew by 6.6 percent and 4.4 percent, respectively, in February 2016 and in the initial two months of the year. Thus, an upward sales trend...
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NGM: 300 billion HUF more on GINOP this year
The government increased the framework of the Economic Development and Innovation Operational Programme (GINOP) with 300 billion HUF this year – the Deputy Minister of State of the National Economy...
Read moreNGM: retail trade grew due to increasing employment, personal income tax reduction and low inflation
Retail sales increased by 6.6 percent in February, compared with the similar period of 2015, due to the record-high employment, the one percentage point reduction in personal income tax (PIT),...
Read moreNGM: 300 billion HUF more for economic development this year
The government raised the Economic Development and Innovation Operational Programme (GINOP) by about 300 billion HUF, so the tendering framework increased to more than 2,200 billion HUF and will be...
Read moreNew excise rules will help the pálinka makers
The Ministry of National Economy (NGM) is creating a new excise law, which will help the pálinka makers – said Tállai András on Friday, at the excise conference held in...
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New VAT cuts to come
The Ministry of National Economy sent its 2017 budget draft to the Budget Council on Wednesday. Varga Mihály told MTI that next year's budget will be the budget of tax...
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NGM: a strong year start for tourism
The substantial expansion of the international demand and the well-balanced increaseof domestic tourism resulted in a strong year start in the sector – the National Economy Ministry (NGM) emphasized in...
Read moreNGM: retail trade may grow by 6-8 percent this year
This year, retail sales can increase by a pace similar to last year, by an average of 6-8 percent, according to the calculations of the Ministry of National Economy (NGM)...
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Hungarian Cash Machine Association: regulation of the online cash registers have become more rational
According to the Hungarian Cash Machine Association, the new regulation on the online cash machines will easen the unnecessary rigor, impose reasonable rules than before. According to the association it...
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The European Commission rewards the most inspiring businesses
The European Commission rewards the most inspiring businesses again this year. The European Commission’s (EC) Award for the inspiring of European businesses will be organized in Hungary for the first...
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NGM: more than 20 percent increase in the value of SZÉP-card uploads
In the first two month of 2016, 10.9 billion HUF was uploaded to the Széchenyi Rest Cards (SZÉP-cards), which is 22 percent growth, compared to the same period of the...
Read moreThe NGM is confident that the expansion of retail sales continues
The Ministry of National Economy (NGM) is confident that the expansion of retail sales will continue, and believes that the 2.2 percent increase in turnover in January will reach last...
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NGM: the demand for consumer durables is increasing
The demand towards consumer durables is growing constantly. The rise in real incomes appears in the consumption expenditure of households – Lenner Áron Márk, Deputy Minister of State of the...
Read moreNGM: a further increase in retail sales is expected
The NGM expects further increase in retail volume during the year, because inflation is low, employment is high and unemployment is very low – Lenner Áron Márk, the Deputy Minister...
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NGM: the families could also spent more on durable goods last year
The retail sales of non-food products grew last year at the highest rate, which shows that the families could also spent more on durable goods last year, mainly due to...
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The rise in real wages continues
Employers and employees are negotiating about wage increase levels that will bring real wage increases, while the continued low inflation could also contribute to the further growth of real wages...
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We need to shift to innovation-driven economy
We need to shift to innovation-driven economy in the coming years. The industry should rely on knowledge, research and development, higher education and vocational education – the Minister of State...
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