PM plans ‘biggest ever’ economic development program


Hungary is planning to launch the “biggest ever” economic development program in the country’s history from the beginning of 2015, Hungary’s Prime Minister Viktor Orbán said on Saturday. The program is expected to help businesses to become stronger, expand, undergo renewal and contribute to the goal of creating 5 million new jobs, he said.

"If we are determined, we can succeed," the prime minister said, emphasizing the example of Jullich Glas Holding, a Hungarian-owned glass maker in Székesfehérvár in western Hungary that marked its 30th anniversary on Saturday and has been on an improving cycle of late.

Orbán said that companies will have opportunities for expansion with the help of the upcoming program, and reiterated that the Hungarian economy has been on the right path by citing figures such as employment exceeding 4 million, GDP growth performs over 3% and unemployment rates falling below 8%.

It was not clear if Orbán was suggesting immigrants would help fill the 5 million new jobs: The number of employed workers in Hungary reached 4.158 million in June-August according to the Central Statistics Office, and Hungary's population was put at 9.877 million on January 1.


Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.