The plan aims to raise the industrial sectorʼs contribution to annual GDP from the current 23.5% to 30% by 2020.

The goal is to have a balanced economic development. As such the industrial sectorʼs dependence on vehicle manufacturing must be reduced and other segments of the industry must be strengthened, said Lepsényi.

The program will be financed by Hungarian and European Union sources, he added.

The Irinyi plan designates seven areas that will be key for economic development in the future, among them vehicle manufacturing, the pharmaceutical sector, infocommunications and the defense industry.