Tag "NGM"
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...
Read moreThe construction of the new convention center may start next year
The construction of the new convention center may start in 2017 – the Deputy Minister of State of the Ministry of National Economy (NGM) told at the Tourism and Profit...
Read moreNGM: retail sales growth of around 5 percent is sustainable
Hungarian retail closed an exceptionally good year in 2015. Such an increase has not seen for more than 10 years – Lenner Áron Márk, Deputy Ministerof State of the National...
Read morePublic Workers into the trade!
The National Economy Ministry launched its Public Workers into the Private Sector program on 1 February. According to the plans 20-25 thousand public workers will switch to the primary labor...
Read moreNGM: retail trade closed a good year in 2015
Retail trade strengthens continuously in Hungary, the growth of turnover has been going on for 30 months. On the basis of the recent data retail trade closed a great year...
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NGM: the success of festivals is beneficial for the state
The international success of festivals in Hungary is beneficial for the state. Their success can be detected in tourism revenues. “The recent international festival recognitions of the Sziget and the...
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GINOP: more than 1,000 billion HUF for economic development
More than 1,000 billion HUF new source will be available for economic development and innovation, research and development in 2016 – the Ministry of National Economy (NGM) informed on Tuesday....
Read moreNGM: new applications appear supporting the public service and startup businesses
On Monday two applications will appear that will support public service and startup businesses to enter into the market. The applications will be published within the Economic Development and Innovation...
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NGM: tourism expanded despite the international tensions
Despite the international tensions, the Hungarian tourism increased in November. All main guest traffic indicators became positive in November – the Ministry of National Economy (NGM) commented the latest latest...
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