Inflation rate in the year 2014 was -0.2 percent – in line with the preliminary estimate of the Ministry for National Economy -- as consumer prices were also down in December. Besides families, pensioners are the main beneficiaries of low inflation, as the purchasing power of both wages and pensions increased.
In November 2014, industrial output was some 6 percent higher year-on-year, and it has increased by more than 3 percent since October 2014. Thus, the sector has been growing for the fifteenth consecutive month. Growth is a based on a sound structure, as output was up not only in every Hungarian region but in each manufacturing sub sector as well.
The Hungarian retail sector grew significantly in 2014 and the sector’s performance has been steady over the past years, so economic conditions in Hungary do not justify Tesco’s decision to lay off employees.
We are interested in establishing a system, which strictly regulates economic immigration – government spokesperson Zoltán Kovács underlined.
In light of data from the initial eleven months of 2014, last year was another milestone for the Hungarian tourism sector as statistics show double-digit growth following a similar expansion in 2013, Minister for National Economy Mihály Varga said at a press conference held at the Museum of Fine Arts in Budapest.
Minister of Foreign Affairs and Trade Péter Szijjártó announced at the business forum of the American Chamber of Commerce (AmCham) that three new U.S. investments will come to Hungary, creating more than 500 new jobs altogether, with a total value of USD 15.5 million (HUF 4.17 billion).
Hungary cannot give refuge to people leaving their homes for economic reasons, Prime Minister Viktor Orbán said on Sunday.
The Ministry for National Economy (NGM) has done an excellent job as 2014 was a record-breaking year in terms of the disbursement of EU funding, Minister of State for the Utilization of EU Funding Balázs Rákossy told state news agency MTI.
Today, the world expresses its respect to the victims of the Paris terrorist attack. As Prime Minister of Hungary, I would first of all and most importantly like to express my most sincere condolences. We Hungarians share the grief of the people of France.
Prime Minister Viktor Orbán was honoured to accept the French government's invitation to attend a commemoration for the victims of the Paris terror attack.