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.

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