Tag "NGM"

NGM: customers must be informed if the packaging of a food is reduced

In order to protect families, the government has adopted a new measure, so food retailers with a turnover of over HUF 1 billion must post a warning notice if the...

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NGM: in addition to the reduction of inflation and the increase in real wages, the development of retail trade also shows an increasingly hopeful picture

According to the data of the Central Statistical Office (KSH), in November 2023, the value of retail trade nominally reached HUF 1,602 billion, which means an increase of HUF 50...

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NGM: e-commerce growth will continue

The expansion of digital commerce will continue, traders need to be prepared for further growth, and the regulation should follow developments – Pomázi Gyula, the Deputy Minister of State of...

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Supplier program for SMEs

As part of a mentoring program, the government will spend 3.3 billion HUF on strengthening small and medium-sized enterprises in the next three years, primarily for their manufacturing, management, financial...

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The card acceptor network was expanded with 25 percent

The POS-support program of the Ministry of National Economy expanded the acceptance of the Hungarian bank cards – Világgazdaság Online wrote. Although it was unsuccessful to put the originally planned...

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NGM: retail has been growing steadily for 56 months

Retail sales have been growing steadily for 56 months and in the next period similar growth can be expected – the Deputy Minister of State of the Ministry of National...

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NGM: more than 10 percent wage growth is realistic for this year

A more than 10 percent wage growth is realistic in the Hungarian economy for this year – Banai Péter Benő, Minister of State of the Ministry of National Economy (NGM)...

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NGM: several factors are influencing the growth of consumption

In addition to the increase in the number of employees and real wages, the VAT cuts on individual product groups also have an impact on the increase in consumption –...

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A more than 670 million HUF health care facility development in Szigetvár

A complex health care facility development to be started in Szigetvár with a more than 670 million forints investment, mainly from EU funds – was announced at the project’s opening...

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NGM: retail sales are growing steadily for 55 months

Retail turnover has been growing steadily for 55 months – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel, commenting on the latest...

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NGM: operators of food and drink machines have to install the so-called automated control unit by 1 July

Businesses operating food and drink vending machines must install the so-called automated control unit by 1 July, which will enable the National Tax and Customs Office (NAV) to track the...

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NGM: the economic cooperation in the Carpathian Basin should be expanded further

The aim of the government is to develop an economic space in the Carpathian Basin by investing and strengthening business relations that will reach the level of economic integration of...

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Real earnings may rise above 6 percent this year

According to the calculations of the ministry, real earnings may rise above 6 percent this year – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM) responsible...

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NGM: Nearly 6,500 billion HUF investments have been implemented in Hungary in 2017

Last year, nearly 6,500 billion HUF worth of development was made in Hungary, which represents an increase of almost 17 percent, compared to the previous year, considering the volume of...

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OECD expects the wage convergence in Hungary

The increase in earnings was the second highest last year in Hungary among the 28 member states of the European Union – Szalai Piroska, advisor of the Ministry of National...

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NGM: retail sales may continue to grow

Growth in retail sales may continue, as the outstanding wage increase may increase household consumption this year – the Ministry of National Economy (NGM) told MTI on Thursday. The Central...

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NGM: the number of employees in Hungary is increasing for more than five years

The number of employees in Hungary is increasing for 64 months, ie for more than five years – Cseresnyés Péter, Minister of State of the Ministry of National Economy (NGM)...

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EY: the installing of the billing softwares online can start

The online billing system in Hungary can start from July. However, the draft regulation is still not definitive, while invoicing programs have to be matched by more complex technical specifications...

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NGM: Retail sales are rising for 54 months

Retail sales have been rising steadily for 54 months – the Deputy Minister of State of the Ministry of National Economy (NGM) told M1 news channel commenting on the latest...

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The SME development strategy is under shaping

The SME development strategy that helps the development and the growth of the Hungarian small and medium-sized enterprises (SMEs) is under shaping – Balogh László, Deputy Minister of State of...

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The digital transformation in economic growth is becoming increasingly important

The digital transformation, the industry 4.0 plays an increasing role in economic growth – Lepsényi István, Minister of State Secretary of the Ministry of National Economy (NGM) stressed on Tuesday...

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NGM: growth in retail sales by the end of the year

Retail sales increases further in the last two months of the year, partly due to the spendings on holidays – Pomázi Gyula, Deputy Minister of State responsible for Industry Strategy...

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NGM: The demand for industrial goods increases retail turnover

As the result of investments from household savings, the trade of non-food products continues to grow further this year – the Deputy Minister of State of the Ministry of National...

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The NGM and the MNB are expecting a GDP growth of around 4 percent in 2017

The Ministry of National Economy (NGM) and the National Bank of Hungary (MNB) expect a GDP growth of around 4 percent in 2017. At the Central and Eastern European Forum...

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The quality of VET should be further increased

In the development of vocational training, special attention should be paid to the rapidly changing economic environment and the labor market expectations – the Deputy Minister of State of the...

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NGM: retail sales increasing for 53 months

Retail trade is growing for 53 months, and in November, a relatively high 10.2 percent dynamic increase can be observed in case of non-food products, Pomázi Gyula, Deputy Minister of...

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There is also considerable workforce among public employees and retired people

Public employees, retired people and mothers with small children are also a major source of labor for the primary labor market – Cseresnyés Péter, Minister of State of the Ministry...

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NGM: gross average salary can reach 300,000 forints this year

The gross average salary can reach 300,000 forints even this year and in January it can exceed 310,000 forints – Simon Attila, Deputy Minister of State of the Ministry of...

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NGM: the number of new jobs has increased by 750,000 over the past six years

Over the last six years, the number of new jobs has increased by about 750,000, so there is a great need for skilled workers – Pölöskei Gáborné, Deputy Minister of...

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Changes in transfer pricing rules from next year

In the case of associated companies, the Ministry for National Economy plans to introduce a more complex and complicated registry form instead of the present one. This change will affect not...

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