Chamber head acknowledges reduction in bureaucracy


Hungary has made progress in scaling back the bureaucracy businesses must deal with, but there is still room for improvement, Dale A. Martin, President-CEO of Siemens Zrt. and head of the German-Hungarian Chamber of Industry and Commerce (DUIHK), said in an interview in Thursdayʼs issue of business daily Világgazdaság.

Martin said a survey of DUIHK members showed satisfaction with the local bureaucracy was "well above average" for the region, with Hungary placing fourth in a ranking with its neighbors.

"Thereʼs still room for improvement, but the trend shows that weʼre headed in the right direction," Martin said. "In the case of bureaucracy, one must not only consider the regulations, but also how administrative organizations relate to clients, how helpful they are. Itʼs not just regulations, but attitude that needs to be improved," he added.

For companies, Martin stressed the importance of authorities reacting quickly and acting as cooperating partners with businesses.

"If a business doesnʼt get an answer on time, that alone can hurt competitiveness, as it can put the company at a disadvantage compared to its competitors," he noted.


Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.