Minister Mihály Varga presented the successful enterprises of the month awards at a ceremony held in the building of the Ministry for National Economy in Budapest. In his speech, the Varga pointed out that since August last year he presented awards every month to those laudable enterprises that have achieved remarkable results. The Ministry aims to call attention to enterprises that play a key role in the country’s economic performance and which, through their achievements, are capable not only of contributing to GDP growth, but also of acting as role models, Mihály Varga stressed.
“Investor of the Month” awardee, Poppe+Portthoff Hungária Gépgyártó Ltd, is a company with headquarters in Ajka which provides the car industry with self-developed common rail sub-systems and high-pressure diesel injection tubes. The Sajóbábony-based “Kis” Szerelő és Kereskedő Ltd, an enterprise for general maintenance and installation of technologies, was presented the “SME of the Month” award. In October 2014, the “Startup of the Month” was H3Hungary Ltd, an enterprise established by career-starters last year which produces in- and out-door calisthenics equipment.
Small and medium-sized enterprises, such as the three rewarded companies, have played vital role in the recent recovery of the Hungarian economy. Employment has been on the rise for eleven months and the bulk of employment growth have been generated by the private sector, Economy Ministry said. Following moderate expansion in August, in September Hungary’s industrial output picked up speed again as expected and achieved outstanding growth of 7.6 percent year-on-year, Central Statistical Office data (KSH) shows.
via kormany.hu photo: Géza Dede – National Ministry Of Economy