Orbán: “We must transform Hungary into a production center”
Hungary should pursue its policy of re-industrialization to ensure that Hungary-based industry generates the highest ratio to GDP in the European Union within a year to 18 months, Prime Minister Viktor Orbán said on Monday.
Hungary currently stands at third or fourth place on this list, Orbán said after talks with Henri Malosse, President of the European Economic and Social Committee.
[Note: As of 2010, the United Nations Economic Commission calculated Hungary's share of industry within GDP at 27.3%, eighth highest in the world and among EU member states trailing only the Czech Republic and Romania. --Ed.]
Malosse said the purpose of his visit in Budapest was to personally study the steps that Hungary had taken to recover from the recent financial crisis. He expressed his appreciation for Hungary’s crisis-management measures.
Orbán said his government decided already two or three years ago that the plans to transform Hungary into a regional financial hub should be given up. “We must transform Hungary into a production center,” which requires re-industrialization, he said. This is what will create jobs and economic growth, and will boost foreign investments and competitiveness, the PM explained.
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