If we want to further improve economic competitiveness it is essential to increase wages, retain skilled labour and boost efficiency, Minister for National Economy Mihály Varga said at the ceremony for presenting the Awards for Successful Enterprises.
Summing up the results of the past six years, the Minister pointed out that the quantity-focused attitude must be replaced by the quality-first principle.
The Hungarian economy needs companies which keep up with the global competition fuelled by the ever-intensifying fourth industrial revolution, Mihály Varga said. As crisis management is now over, the main objectives are the facilitating of an innovation-led economy and the supporting of industrial production based on knowledge and R&D. Some instruments of state debt management must also be modified, he added. In November, after the expected credit rating decision is to be announced, the Ministry for National Economy will propose some changes to residency bonds.
The Minister honoured six enterprises with the awards.
The winners of the “Investor of the Month” award were the Hajdu Group and Bourns Hungary. Hajdu Group has been a major household appliances manufacturer and one of the largest Hungarian car industry suppliers. Bourns, a producer of car industry sensors, has invested HUF 1.8bn into the development of its existing facility in Ajka. Thus, they aim to increase revenues by 10 percent and add 50 new jobs.
The “SME of the Month” titles were awarded to the representatives of Ferzol Ltd and Anda Present Ltd. Ferzol is a specialist manufacturer of sheet metal industry products, which are sold across the globe, from North-America to the Far East. Anda Present, a company with a staff of 250, produces and sells customized advertisement and promotion articles, the four-fifth of which is sent abroad.
The “Start-up of the Month” awards were in this month handed over to the representatives of the Brewery of Zirc Monastery and Aluinvent Plc. The Zirc Brewery was launched in 2015 as an artisan beer-maker reviving the brewing legacy of Cistercian monks who have been living in Zirc since 1182. Aluinvest is the manufacturer of environmental friendly aluminium foams. It is a fully Hungarian enterprise with an in-house research and engineering team for creating innovative production methods.
(Ministry for National Economy)
