Despite the difficulties it faced in past years, the Hungarian Government has always focused on opportunities instead of obstacles, Minister for National Economy Mihály Varga said at the presentation ceremony of the Awards for Successful Enterprises.
As Mihály Varga stated, it has required bravery and an open mind to effectively overhaul Hungary’s economic policy, and it has required optimism to trust the adequacy of decisions. Facts show that that besides pursuing a successful state debt and tax reduction policy, we have also managed to close the consolidation period of the Hungarian economy without IMF assistance and from now on we can concentrate on sustaining economic growth momentum, he pointed out.
Hungary’s economy expanded by 3.7 percent in 2014, well above the 0.8 percent growth rate in 2010 or the 1.4 percent average of the EU in 2014. Economic growth is stable and balanced; therefore the Ministry is expecting some 3 percent GDP growth also in the long term.
In the opinion of the Minister, a pivotal achievement of past years was the record-high growth in the number of people in employment. The number of jobs has increased by more than 555 thousand since 2010. The Minister added that the Government has provided domestic enterprises with a solid business background and they are increasingly successful: the number of private sector jobs was also up by more than 332 thousand.
In October 2015, the “Investor of the Month” award went to FAG Magyarország Ipari Ltd, represented by CEO Péter Szabó. The Debrecen-based company is a manufacturer and trader of roller bearings and linear guidance systems. FAG is one of the region’s largest employer; currently with 1352 people on their payroll.
Fertilia Ltd, which produces and sells custom-made fertilizers and has 80 employees, was awarded the “SME of the Month” title, represented by CEO Péter Simon.
Neticle Technologies Ltd CEO Péter Szekeres received the “Startup of the Month” award. The enterprise has developed software capable of digitalizing and visualizing “web opinion” and thus it contributes, for example, to companies’ marketing strategies.
(Ministry for National Economy)
