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Green industry could boost economy

Hungary's environmental industry could triple its performance in the next five years and provide the country with 100,000 new jobs according to a package of steps proposed to the new government by KSzGySz, an association of environmental businesses, business daily Világgazdaság reported Tuesday.

The association proposes steps to encourage re-processing in Hungary. At present the bulk of the collected waste is exported.

Net revenue of the waste management industry rose to HUF 253.7 billion (€915.7 million) in 2007 from HUF 96.5 billion in 2002, while the revenue of the environmental industry reached HUF 406 billion in 2008, the paper said.

Executive director of the association Anna Székely said domestic recycling of waste could generate real added value and provide new jobs, thanks to a demand for byproducts. (MTI-Econews)