Hungarys PM Orban outlines steps to raise countrys competitiveness.

By bne IntelliNews June 4, 2012
Hungarian PM Viktor Orban has outlined a number of steps aimed at raising the competitiveness of the local economy, MTI news agency reported. The government expressed commitment to maintain fiscal discipline and continue consolidation of public finances. Hungary needs to achieve positive budget balance and to reduce of government debt to below 50% of GDP. The list of other priorities includes re-industrialisation of the country, ensuring energy independence, further development of nuclear energy and support of employment. The authorities also target to reverse negative demographic trends and encourage talented Hungarians to return from abroad. According to Orban, Hungary should oppose crisis management measures set by the European Commission, because this would be disadvantageous for th local economy.

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335