Economy Minister presents economic growth plan

Conferences

Hungary’s National Economy Minister Mihály Varga today presented the so-called Irinyi Plan, which is expected to lay the foundation for the long-term growth of the Hungarian economy, Hungarian news agency MTI reported.

The plan presented by the minister aims to increase the industrial sector’s contribution to annual GDP to 24%-30% a year by 2020. Industrial output expanded by 7.5% in 2015, showing that the industrial sector can achieve sustainable, balanced growth, the minister said, according to MTI. 

The Irinyi Plan, approved by the government in February, designates seven areas that will be key for economic development in the future, among them vehicle manufacturing, the pharmaceutical sector, and the defense industry, MTI said.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.