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Gov't aims to keep biggest Hungarian-owned companies in Hungarian hands

The government aims to preserve the local ownership rate in big companies which are majority Hungarian owned, National Development Minister Tamás Fellegi said answering a question at a meeting with foreign diplomats in Budapest on Tuesday.

Answering another question, Fellegi stressed the national importance of ensuring a secure energy supply and said the state would act not only as a regulator but “play a decisive role in tasks as owner” as well.

The government is committed to offering incentives for alternative and renewable energy resources in the interest of reducing the country's dependence on energy imports, Fellegi said, noting the importance of diversifying energy sources and delivery routes as well as connecting the region's energy infrastructure along a north-south axis.

The National Development Ministry is preparing an action plan to establish a tender system that will serve the interests of SMEs, Fellegi said. The main aim is a “multifold increase” in the proportion of European Union funding available to these companies, he added.

Hungary's European Union presidency should serve as a forum in which cohesion policy can be better positioned, establishing the conditions for points of contention to be resolved more quickly, Fellegi said. (MTI-Econews)