The Government has begun to discuss the budget bill of 2016 and it has been agreed that state funding cannot be lower at any sector or ministry, Minister for National Economy Mihály Varga said at a press conference.
In an interview with Napi Gazdaság, Minister of State for Economic Diplomacy Levente Magyar said that Hungarian foreign trade policy has several dimensions; apart from the strategies of eastward and southward opening, it also attaches great importance to increasing trade with neighbouring countries.
In an interview given to Miskolc Local Television broadcast at 6.30 pm on Tuesday, Prime Minister Viktor Orbán praised the distinguished past and promising future of Miskolc.
“We have a great responsibility, through our Hungaricums, to ensure that we can preserve for posterity the special characteristics of excellence that have been handed down from century to century”, Minister of Agriculture Sándor Fazekas said at the opening of the Hungaricums photo exhibition at the European Parliament in Brussels.
Minister for National Economy Mihály Varga received in his office Azerbaijan’s Minister of Economy and Industry Shahin Mustafayev, where they discussed, among others issues, industrial and healthcare cooperation, the bolstering of tourism relations, the exchange of information on employment policy and SME development.
Next year, the personal income tax rate is planned to be cut from 16 percent to 15 percent, VAT on pork is projected to be lowered from the current 27 percent to 5 percent, and the family tax allowance is also set to be increased from the current HUF 10 000 per year for families with two children to HUF 20 000 by 2019, Minister for National Economy Mihály Varga announced at a press conference following the presidency meeting of the Fidesz-KDNP ruling coalition.
Parliamentary State Secretary at the Ministry of Foreign Affairs and Trade László Szabó told MTI on Monday that other European countries also have an interest in the Eastward and Southward Opening, and that Hungary is on the right track; he was speaking in the Polish city of Katowice, where he was representing Hungary at the 7th European Economic Congress.
In their meeting in Luxembourg on Monday, European Union foreign ministers agreed that immediate action is required on migration issues in the Mediterranean, but the problem cannot be solved until Libya has a functioning government with control over its own borders.
At a press conference in Miskolc Prime Minister Viktor Orbán announced that the development of the Miskolctapolca spa and of Diósgyőr Castle will be continued, and that an industrial zone of one thousand hectares will be established in the Borsod County seat.
In the initial two months of the year, wages in real terms grew outstandingly, by 5 percent, within the national economy – according to the flash report of the Hungarian Central Statistical Office (KSH) published earlier this morning.