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Government To Support Re-Industrialisation

Tamás Székely 2014.10.17.

Hungary’s government aims to raise the proportion of economic output generated by industry from the current 22% to 30% by 2020, the economy ministry state secretary told a conference. Referring to the governmental policy of re-industrialisation, Béla Glattfelder said that Hungary, on this score, already exceeds the average of European Union member states. He added that the Hungarian food industry would be prioritised in the coming years.

American company IBM also contributes to the Hungarian economy. The tech giant has inaugurated a 170 million forint training centre for the staff of its international service centre in Székesfehervár, in  Hungary. More than 1,500 people work at the service centre. IBM Magyarország managing director Zsolt Veres said that information technology was a business in which today’s knowledge may be enough for the present “but perhaps not sufficient for tomorrow”.

Meanwhile output of Hungary’s construction sector rose by an annual 13.1% in August, slowing from a 17.5% increase in July, the Central Statistical Office reported. Despite the general economic setback in August,  output of the construction sector rose for the nineteenth month in a row. The August twelve-month increase was the same according to unadjusted and workday-adjusted figures. In absolute terms, at current prices, output of the sector reached 187 billion forints (EUR 610.9m) in August. In January-August, construction sector output increased by 20.4%.

via hungarymatters.hu photo: origo.hu


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