I will not be at all original today. I was so intrigued by a compilation of announcements by the National Economic Ministry (Nemzetgazdasági Minisztérium) from January to December that I thought I would share the list. I really want to be the bearer of good news.
The cartoon below illustrates how at least some Hungarians feel about the government’s communication.
First you have to exercise self-criticism (see 2/4 entry)
They have definite ideas about Viktor Orbán’s truthfulness as well. One ought to read these success stories in that light.
January 14. The New Széchenyi Plan will be the answer to the challenges facing the country and it will ensure sustainable economic growth.
January 24. There will be great opportunities for Hungarian companies in Sri Lanka.
February 4. We expect self-criticism from the IMF. Its economists were completely wrong about the numbers in the 2010 budget. In addition, they called the liquidation of private pension funds “nationalization” when 97% of investors in these funds decided to switch to the state pension fund on their own volition.
February 9. More people want to work in Hungary.
March 4. Close to 700,000 families enjoy the advantages of the new system of taxation.
March 11. A new era for greater economic growth began in Hungary.
April 6. 17,500 new jobs in the auto industry thanks to the decisions of the government.
April 8. Hungary is on the road to success. The Hungarian reforms are in accord with the recommendations of the OECD.
April 18. The Germans appreciate the Hungarian government’s efforts at reform.
April 28. 250 new jobs in Ózd.
May 4. Stronger ties with South America.
May 13. Here is the turning point. Hungarian economic growth at a four-year high.
May 18. The number of jobs in the private sector has been growing rapidly.
May 31. Increase in the manufacturing industry. Economic growth accelerates.
June 2. Record trade surplus. Rapidly growing exports.
June 3. New jobs will be created as a result of negotiations between the government and Jabil Circuit Kft. in Tiaszaújváros.
June 8. Widening economic relations with Indonesia.
June 15. Hungarian industry performed best in the region.
June 17. The number of employed grew again.
June 27. Strategic opening toward Saudi Arabia.
June 30. Record trade surplus. Change in foreign trade relations.
July 7. We managed to avoid bankruptcy thanks to our successful policies. It took only a year to bring the country back from the edge of bankruptcy.
July 14. It will be easier from September on. The administrative burdens of companies will decrease. The changes will result in a 400 billion forints savings.
July 26. Highest monthly growth recorded since January in the retail trade.
July 28. More and more people are working. The rate of employment is 55.8%.
August 3. Dynamically growing trade surplus.
August 19. The number of workers in the private sector has grown. Salaries are also growing.
August 24. In the region the Hungarian retail trade has slowed the least.
August 24. Hungary’s falling behind the European Union average has stopped.
August 29. The number of employed people in Hungary is steadily growing.
August 31. In one year the investment in the manufacturing industry has grown by 20%.
September 2. Record surplus in foreign trade transactions in the first six months.
September 15. Growth in industrial production in every region of the country.
September 28. Employment has been dynamically growing all through the year.
October 3. Again a record surplus in foreign trade.
October 18. The government significantly lowered the country’s sovereign debt.
October 21. Next year’s deficit projections are well established and can be achieved.
October 28. The tendency is unbroken: in the last year employment has been growing.
November 3. A significant positive change in foreign trade.
November 10. Hungary won the first battle. A prognosis by the European Council that Hungary’s deficit will be less than 3%.
November 11. The government disagrees with the opinions of Fitch. The 2012 budget figures will be held and sovereign debt will be lowered.
November 17. Hungary at the turning point. In the last year and a half we put the Hungarian economy on new foundations. To this end we had to sever all the old types of cooperation that restricted our economic independence. Now we have achieved this goal. The age of renewal is closed and the era of growth has arrived.
On the same day the government announced that it is turning to the IMF to negotiate a “safety net.”
November 18. Wages have increased again.
November 25. Moody’s evaluation of the Hungarian economy lacks any basis. Hungary considers Moody’s move part of a concerted financial attack on the country.
November 28. The employment rate is the highest in three years.
November 30. The performance of the manufacturing industry is still outstanding.
December 8. The financial burden of entrepreneurs is lighter by 400 billion forints.
December 9. The Hungarian GDP in the third quarter is higher than the European Union average.
December 19. Hungary’s sovereign debt is decreasing.
December 22. S&P’s decision on Hungary’s credit rating is not about Hungary but about the euro crisis.