Minister for National Economy Mihály Varga presented the “Investor of the Month” award to LEGO Manufacturing Ltd; while Kürt Plc was awarded the “SME of the Month” title, and in the category of “Startup of the Month” the Minister handed the award to QuantisLabs Ltd at a ceremony held in the building of the Ministry for National Economy in Budapest.
In his speech the Minister emphasised that since the award was launched last year it has become clear that – month after month -- there is a success story which deserves to be honoured.
He stated that the year 2014 may be a period of rapid recovery for Europe and Hungary as well. Economic consolidation and rebound on a European and global level is increasingly fostering Hungarian growth.
As he stressed, Hungarian growth has not been driven only by exports and the vehicle manufacturing industry, as more and more other sectors are also joining the recovery process, such as logistics, electronics or the medical appliance manufacturing sector. He added that the revival of domestic demand has also been boosting SMEs, which mainly produce for the domestic market.
The Minister pointed out that confidence in the Hungarian economy has increased. The latest survey of the German-Hungarian Chamber of Industry and Commerce also signals that the majority of enterprises are planning to spend more on investment, development and employment.
Mihály Varga said that the awardee of the “Investor of the Month” title, LEGO Manufacturing Ltd, decided last year to double production capacity in Hungary and to build a new production facility in Nyíregyháza. The greenfield project, valued at EUR 200 million, has hitherto been LEGO Group’s largest investment project in Hungary.
“SME of the Month” winner Kürt Plc is a Hungarian-owned enterprise which has been active on the informatics market for 25 years.
Speaking about the “Startup of the Month”, QuantisLabs Ltd, Mihály Varga remarked that through the SmartWineyard app of the company Hungarian wines may gain fame as products of the most up-to-date technology.
Organized by the Ministry for National Economy, the “Award for Successful Enterprises” has been established as the initiative of Mihály Varga and presented each month in three categories since August 2013.
(Ministry for National Economy)
