Before the end of the year, a significant reorganization of ministerial powers took place, according to the Hungarian Gazette published on Friday night, which details the tasks of each ministry over 11 pages.

The changes coming into effect based on the government decree are basically centered around two ministries: one is the newly established Ministry of Public Administration and Territorial Development (KTM), and the other is the quasi-reactivated (there was already such a ministry between 2010 and 2018) Ministry of National Economy (NGM), which is the current He is the heir of the Ministry of Economic Development (GFM), writes vg.hu, which is pushing for change.

The Minister of Public Administration and Regional Development, Tibor Navracsics, among others

• for regional development,

• for public procurement,

• for the use of European Union funds,

• for public administration organization,

• for local governments,

• for settlement operation,

• for real estate registration,

• for cartography,

• for registry matters

is responsible within the government from January 1, 2024.

The portfolio of former MNB Vice President Márton Nagy will be even wider. Among other things, the Minister of National Economy will be responsible for the following:

• for national financial services,

• for the regulation of the money, capital and insurance markets,

• with some exceptions for international financial relations,

• for economic development,

• for the housing policy,

• for the economic and legal conditions of competitiveness,

• for regulating the management of state assets,

• for the supervision of state property,

• for postal matters

• for the domestic economy,

• for employment policy,

• for industrial affairs,

• for social dialogue,

• for business development,

• for space industry development,

• for tourism.

Featured image: MTI/Prime Minister's Press Office/Zoltán Fischer