Tag "NGM"
The Minister of National Economy orders an extraordinary consumer protection investigation at the airlines
The National Economy Ministry (NGM), which is responsible for consumer protection, will take decisive action against airlines that commit violations in the interest of the full eradication of the problems...
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Mandatory action: the Ministry of National Economy takes action against retail chains that apply unfair price increases
The government measures introduced to protect families, such as food price caps, mandatory special offers, and the online price monitoring system, have proven to be effective in breaking down sanctioned...
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GVH is also investigating the pricing practice revealed by NGM
The Economic Competition Authority (GVH) will examine the pricing practice revealed and indicated by the Ministry of National Economy (NGM) as part of a complaint procedure, the supporting evidence and...
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NGM analysis: Hungarians spend abroad and on online marketplaces
In the first half of 2024, the consumption habits of the Hungarian population underwent significant changes, which were primarily shaped by the inflationary crisis and the war environment. Despite the...
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Sándor Czomba: real wages also increased significantly in June, by more than 9 percent
Thanks to persistently low inflation and outstanding wage dynamics, real wages are rising continuously and significantly, stated Sándor Czomba, State Secretary of the Ministry of Economic Affairs (NGM) responsible for...
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Starting school and consumer protection – let’s consciously buy school supplies too!
With the start of school approaching, not only students and their parents are preparing for the new academic year, but consumer protection is also paying special attention to checking the...
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NGM: in accordance with market expectations, inflation remains at a low level
Based on the latest data from the Central Statistical Office, the rate of inflation reached 4.1 percent on an annual basis in July 2024, which is favorable in line with...
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Gergely Fábián: peace is needed to restore the performance of industry
According to the State Secretary responsible for industrial policy and technology of the Ministry of Economy, peace is needed to restore the performance of industry, the ministry told MTI on...
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NGM: consumption expansion has been unbroken for the sixth month, with another significant increase in retail sales in June
Based on the latest data from the Central Statistical Office, the volume of retail trade increased by 2.6 percent in June 2024 compared to the same period of the previous...
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The increase in real wages affects consumption, which is important for stimulating the economy
The increase in real wages means that more money remains in people’s pockets, more money is left for consumption, which is very important for stimulating the economy – the state...
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Sándor Czomba: real wages increased by more than 10 percent in May
As a result of targeted and effective government measures, inflation has remained unabated, as a result of which real wages have been rising continuously since September 2023, i.e. for 9...
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NGM: the SZÉP card is still the engine of domestic tourism
The popularity of the SZÉP card continues to grow, as shown by the fact that in the first half of 2024, the total value of top-ups increased to more than...
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More than 21,000 people are already working in the Summer Student Work Program
For the twelfth time this year, the government has announced the Summer Student Work program, which is popular across the country, with a budget of around HUF 3.8 billion. Due...
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Sándor Czomba: expanding employment contributes to increasing competitiveness
The goal of the six-month Hungarian presidency of the Council of the European Union is to ensure the increase of European competitiveness by expanding employment, the State Secretary responsible for...
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NGM deputy state secretary: the launch of the Budapest-Brassó flight is an important step for both cities
The launch of the Budapest-Brassó flight is an important step for both cities and both countries – said the Deputy State Secretary of the Ministry of National Economy (NGM) at...
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NGM: tourist interest in Hungary has increased spectacularly
The visitor traffic of the Pentecost long weekend also made a significant contribution to the extremely spectacular results of the tourism sector in May, as the number of guest nights...
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NGM State Secretary: the machine industry plays a decisive role in industrial development
The development of the machine industry is essential for Hungary to be at the forefront of European industry by 2030 – said the State Secretary responsible for industrial policy and...
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NGM: the government has suppressed inflation, the mandatory promotions will end on July 1, 2024
With the mandatory sales – thanks to which families were able to get basic food such as bread, meat, milk or various vegetables at a cheaper price – the government...
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NGM: fuel prices remained below the average of neighboring countries
Fuel prices remained below the average prices of neighboring countries, and in order to protect families, the government continues to continuously monitor the evolution of prices – the Ministry of...
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NGM: the recovery of consumption continued, the volume of retail trade increased again in April
Overall, the significant increase in retail turnover indicates that as a result of the government measures, consumption is in the recovery phase, this process is substantially supported by the suppression...
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Registration for this year’s Summer Student Work Program has begun
Since 2013, the government has been announcing the Summer Student Work Program with unbroken success, for which eligible persons can apply for a HUF 3.8 billion budget this year –...
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NGM: trust is unbroken, Moody’s also continues to recommend Hungary for investment
Despite the escalating war situation, confidence in Hungary is unbroken: Moody’s also continues to recommend our country for investment – the Ministry of National Economy (NGM) emphasized in its statement...
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NGM: in the first 4 months of the year, domestic hotels registered nearly 10 million guest nights
Based on the latest data from the Central Statistical Office (KSH) and the National Tourist Information Center (NTAK), between January and April 2024, domestic hotels registered a total of around...
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NGM: handed over high-tech developments to Fábián Gergely Sárvár
Thanks to the support of economic revitalizing investments, the Ministry of National Economy (NGM) promotes sustainable and inclusive economic growth throughout the country, thus creating higher competitiveness and new perspectives...
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NGM State Secretary: the interest rate cap protected SMEs from the negative effects of the rising yield environment
The interest rate cap protected SMEs from the negative effects of the rising yield environment; the introduction of the measure did not mean an additional burden for them thanks to...
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NGM: the weakness of the export markets continues to worsen the performance of the industry
Based on the data of the Central Statistical Office, in March 2024, according to calendar-adjusted data, the volume of industrial production decreased by 2.8 percent compared to the previous year....
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NGM: the recovery of consumption is becoming more and more dynamic, retail turnover increased by 4.2 percent in March, which means that consumption has increased for three consecutive months
Based on the latest data from the Central Statistical Office (KSH), the volume of retail trade increased by 4.2 percent in March 2024 compared to the same period of the...
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NGM: innovation means the future of the food industry, State Secretary Gergely Fábián handed over new developments
In the framework of the Food Supplier Development Program (ÉLIP BFP), the company received nearly HUF 500 million in support, which was used, among other things, for the purchase of...
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NGM: the lives of families are significantly affected by food and health expenses and fuel prices
According to the surveys, the most significant expenses of the population, in addition to food and health expenses, are fuel expenses. This means that in the case of the population,...
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The quarterly results of the SZÉP card confirm the entrepreneurs’ proposal
According to the announcement issued by the Ministry of National Economy on April 22, looking at the first quarter of 2024, it can be established that in the first three...
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