The Government aims to keep Hungary’s economic growth at 3-4 percent of GDP, and this objective requires significant measures aimed at improving competitiveness, support SMEs, addressing labour market challenges and increasing wages, Minister for National Economy Mihály Varga said at the “TOP 200” gala evening organized by business weekly Figyelő.
This newly established National Competitiveness Council is expected to ensure the success of this process, the Minister added.
Economic shareholders and the Government agree that maintaining growth requires improved productivity, a higher share of high added value products and services, and innovation must also play a larger role, Mihály Varga stressed. Decision-makers must assist SMEs in closing the technology and productivity gap and they must also be prepared for the changes in EU fund allocations. In order to fulfil our goals, the support of large enterprises is also needed. The Government, he added, is expecting the corporate sector to help the Government formulate economic policies and promote innovation-based production. The success of economic growth lies in new technologies, he pointed out.
The Council will be composed by representatives from the field of science, business and research as well as public administration officials.
At the event, Mihály Varga handed over the “Enterprise of the Year” award to Thyssen Krupp Presta Hungary.
(Ministry for National Economy)
