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Business association presses for country strategy that extends beyond election cycle

The Hungarian European Business Council (HEBC) pressed for a broad, long-term country strategy that extends beyond election cycles in Parliament on Tuesday.

HEBC chairman László Kerekes told MPs on Parliament's European Affairs Committee such a plan was necessary for competitiveness and to achieve sustainable growth. Creating a political, economic and social environment that is predictable in the long term is a basic condition for the country's development and competitiveness, he added.

Benedict Laux, CEO of Philips Central South East Europe, told the committee that predictability, competitiveness and the national image are all closely tied to each other. Building confidence is a long process, and it can be lost in just a moment, he added.

In the experience of the parent companies of HEBC members, Hungary's international assessment has deteriorated lately, Laux said.