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Ministry of National Economy

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Economy Minister Mihály Varga announcing new restrictions | Lajos Soós/MTI

New fiscal adjustment package in Hungary

May 11, 2013

The Hungarian Minister of National Economy Mihály Varga announced that in order to ensure that the European Commission’s excessive deficit procedure against the country is lifted, the government will freeze HUF 92.9 billion in the 2013 budget.


Nokia to lay off 2,300 Hungarian workers

Feb 8, 2012

Finnish electronics giant Nokia has announced the lay-off of 2,300 people from its smartphone factory in Komárom, northern Hungary. The Hungarian Ministry of National Economy and Nokia will establish a workgroup to help the laid off workers.

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