Tag "NGM"
A 30 percent growth is expected in online purchasing this year
Online shopping increases much faster than “anything else” in the sector. Compared to the previous year a roughly 30 percent increase is expected – Glattfelder Béla, Minister of State for...
Read moreNGM: the Hungarian retail is more than three times higher than the EU average
Retail sales are expanding in Hungary for two years. The increase in June was the fourth fastest in the European Union, and it was more than three times higher than...
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The EU support of the SMEs may reach 3-4 percent of the GDP next year
The amount of the European Union subsidies that the government will send to the small and medium-sized enterprises (SMEs) may reach 3-4 percent of annual GDP next year – Karsai...
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The Small-Scale Association wants no online cash register at rural accomodiations
The Kisléptékű Termékelőállítók és Szolgáltatók Országos Érdekképviseletének Egyesülete (Small-Scale Association) does not support the village hosts’ obligations for online cash registers and asks for the withdrawal of the related standards....
Read moreNGM: Retail trade is constantly expanding for two years
The retail sector is growing continuously for two years. Retail trade in June increased by more than 6 percent, compared to a year before, but the first half-year figures also...
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NGM: the Széchenyi Rest Cards play a key role in the domestic tourism
In June, the Széchenyi Rest Card usage at commercial accommodations increased by 5.4 percent, compared to the same period last year. In June almost 1.5 billion HUF was spent by...
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NGM: the government considers the small and medium-sized enterprises as strategic partners
The government considers the small and medium-sized enterprises as strategic partners. As a sign, the SMEs have benefited several tax incentives since 2011. Pankucsi Zoltán, Deputy Minister of State for...
Read moreTourist accommodation development in the pálinka distillery in Tuzsér
The Gyümölcspárlat Bt. built accommodations with a fifty million HUF EU and domestic investment at the site of the pálinka distillery in Tuzsér, Szabolcs-Szatmár-Bereg county. The investment was handed over...
Read moreVarga Mihály: special taxes do not conflict with the EU law
According to the Hungarian position, the food chain management fee or the health care contribution on tobacco products, do not conflict with the EU rules – Varga Mihály, Minister of...
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Hungary is a major beneficiary of EU funds
In terms of funding Hungary remains one of the largest net beneficiary of the EU, over the next seven years – Szűcs Tamás, the Head of European Commission’s Representation in...
Read moreThe Ministry of National Economy does not expect serious inflation
The consumer price trend is in line with the estimate of the Ministry of National Economy (NGM). The Ministry does not expect serious inflation in the rest of the year....
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NGM: the government does not change the system of the SZÉP-cards
The growth of domestic tourism in 2014 was mainly the result of expanded Hungarian tourist traffic which is due to the success of the Széchenyi Rest (SZÉP) Cards. According to...
Read moreNGM: savings and consumption are expanding in long-terms
Balogh László, Deputy Minister of State of the Ministry of National Economy (NGM), responsible for Finance Policy told that savings and consumption turned into the right direction in Hungary, their...
Read moreNGM: ekáer has a positive effect on VAT revenues
In the first five months, the Value Added Tax revenues increased by 7 percent, by 84 billion HUF. In addition to the economic growth, the use of online cash registers,...
Read moreNGM: Sunday store closure did not cause a decline in retail trade
Sunday store closure did not cause a decline in retail trade – Lenner Áron Márk, Deputy Minister of State of the National Economy Ministry (NGM) told M1 news channel on...
Read moreNFM: the Imperial Tobacco’s offer does not meet the conditions
According to the Ministry of National Development, the offer of the Imperial Tobacco Magyarország Kft. does not meet the conditions statutory conditions. The ministry in its statement sent to MTI...
Read moreSunday store closure: pros and cons about the number of the employees
The number of employees decreased by more than two thousand in trade and the number of overtime hours also jumped since the introduction of the Sunday store closure – the...
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NGM: the narrowing of the applicability of SZÉP-cards is not on the agenda
The narrowing of the applicability of the Széchenyi Rest Cards (SZÉP-cards) is not on the agenda at the Ministry of National Economy (NGM). The MTI Ministry of National Economy (NGM)...
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Sixty-five large food companies will be left out of the development support
A total of 65 domestic large food companies in Hungary will not receive development support in the 2015-2020 budget cycle – agrárszektor.hu wrote, on the basis of KSH’s list. The...
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OTP: the tightening in the usage of the Széchenyi Rest Cards can have an adverse effect on tourism
The OTP Bank is concerned about the proposed amendmentof the Széchenyi Rest Card system that was raised last week, because the Bank believes that any tightening the usage of the...
Read moreTállai: the ekáer is successful
The introduction of the electronic road freight traffic control system (ekáer) is effective and successful. The system contributes to the whitening of the Hungarian economy. Since its introduction tax authorities...
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1.5 billion HUF for the student work program this year
The government spends 1.5 billion HUF on the summer student work program program this year – Varga Mihály, Minister for Economic Affairs announced on Wednesday. The summer student work program...
Read moreTourists spent more money in Hungary
The expansion of the amount spent by tourists in Hungary exceeded the growth rate of their guest nights. Ruszinkó Ádám, Deputy Minister of State of the Ministry of National Economy...
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The tourism tax may be terminated
The tourism tax (IFA) may be terminated, while the fast-food restaurants may be excluded from the range of Széchenyi Rest Card (SZÉP Cards) accepting locations – Glattfelder Béla, Minister of...
Read moreNGM: two to three percent inflation would by healthy
Although the prices in May increased by half a percent, the average of inflation in the past five months is still minus 0.6 percent – Balogh László, Deputy Minister of...
Read moreNGM: the growth in retail sales is continuous for 22 months
It is very positive that the growth in retail sales is continuous for 22 months – Lenner Áron Márk, Deputy Minister of State of the Ministry of National Economy (NGM)...
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910 million HUF remained on the Széchenyi Rest Cards
Last week, domestic tourists spent about 600 million HUF with Széchenyi Rest Cards, but a total of 910 million HUF remained on the Széchenyi Rest Cards – Ruszinkó Ádám, Deputy...
Read moreNGM: retail sales increased further even after the introduction of the Sunday rest day
Hungarian retail sales increased after the introduction of the Sunday rest day – Glattfelder Béla, Minister of State for the Ministry of National Economy (NGM) told on Wednesday to M1...
Read moreSunday opening may be easier
Within weeks, the Ministry of National Economy (NGM) may change the decree which lists the specific qualifications required for the sale of products – the Magyar Nemzet wrote. If certain...
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