Weekly newsletter

Economic Role Models Receive ‘Enterprises of the Month’ Awards

Tamás Székely 2015.04.28.

The success of domestic enterprises is a precondition for maintaining in the long term the momentum of Hungary’s economic growth achieved in 2014, Economy Minister Mihály Varga said at the presentation of the “Awards for Successful Enterprises” for the month of April. The awards, established to highlight and promote enterprises, which are contributing to the country’s economic growth and act as role models, were first presented in August 2013. Since then one awardee has been selected every month in the categories “Investor of the Month”, “SME of the Month” and “Startup of the Month” by the vote of a three-member independent jury.

In April 2015, the “Investor of the Month” award went to Nolato Hungary Ltd, represented by CEO Dr Norbert Meleg. The manufacturer of hygienic, healthcare products and medical devices has been active in Hungary for eleven years and it has become a major operator within the domestic industrial and services sectors. The company currently employs 530 people, of which 32 are of reduced capabilities; thus, Nolato is one of the largest employers in the Western Transdanubia region.

Székesfehérvár-based Galvanplastik Ltd was awarded the “SME of the Month” title. CEO Dr Károly Palásti said that the company operates the largest galvanizing facility within the Central and Eastern European region and its products are built into several models of Opel, Maserati, Rolls Royce, Mercedes, Audi, Suzuki and BMW. The enterprise employs 130 people and it has generated steady profits for years, posting average annual revenue growth of 25 percent.

In the category of “Startup of the Month” the Mihály Varga handed the award to Creabird Plc, a fully Hungarian-owned enterprise. The company assists SMEs, multinational enterprises and public administration bodies in reaching their business objectives in the most efficient way through structural reviews and proposals on marketing, project management and organization development. The company CEO Kinga Kenéz-Hanyecz has recently been voted Young Entrepreneur of the Year by the Young Entrepreneurs Association of Hungary.

via kormany.hu and MTI photo: Géza Dede – kormany.hu