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PM presents main economic, financial policy to investors in Frankfurt

Prime Minister Viktor Orbán gave a presentation on Hungary's economic and financial policy as well as economic and political reforms to investors and corporate leaders in Frankfurt on Friday.

Orbán told his audience that the government would reduce state debt to 65-70% of GDP by 2014 and to raise the country's workforce participation rate from 55% at present to 65%, then to around 75%, the prime minister's spokesman, Peter Szijjártó said.

Answering a question, Orbán said Hungary has a chance to meet the criteria for adopting the euro by 2020, MTI learnt.

Orbán spoke to about 60 professionals at the event which was organized by Deutsche Bank, one of the banks that organized the launch of a €1 billion eurobond by Hungary on Wednesday. National Economy Minister György Matolcsy and National Development Minister Tamás Fellegi rounded out the prime minister's presentation with talks of their own.

At another event in Berlin on Thursday evening, Orbán presented the main goals of Hungary's European Union presidency and spoke about challenges facing the EU as well as economic ties between German and Hungary. Attending the event, also organized by Deutsche Bank, were the management of German companies with a big presence in Hungary, first and foremost Audi, Bosch and Knorr Bremse.