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Kóka: gov't reforms to be implemented under any circumstances

Analysis

There is no scenario in which the government would be prevented from carrying out reform measures, Minister of Economics and Transportation János Kóka told journalists after meeting with a delegation of German investors in Budapest on Tuesday. Kóka stressed that Hungary would be able to use all EU money available to it for infrastructural developments. These will be used for significant investments in the country's railway and road networks, as well as in its energy infrastructure. He noted that Hungary's economy had grown at an average rate of more than 4% for a long time. Industrial production is developing, exports are increasing and the country is attracting more foreign investments. The environment for doing business has also improved, Kóka said, citing eased regulations and simplified administration procedures. Kóka said Hungary would be in a position in 2009 to decide when to introduce the euro. He said the date would be between 2011 and 2013. (Mti-Eco)

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