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IT Minister: Govt Aims for SME Friendly Environment

MTI-Hungary Today 2019.10.21.

The Hungarian government aims to create a regulatory and tax environment friendly for small and midsize entrepreneurships, Innovation and Technology Minister László Palkovics said on Monday in Budapest, at the economic exhibition and conference Kárpát EXPOrt.

The government wants to create a business environment boosting SME’s innovation and digitalisation, Palkovics said.

Speaking to journalists afterwards, Palkovics noted the importance of the cooperation of companies and universities in Hungary and in the Carpathian Basin, especially in the regions with ethnic Hungarian minorities.

Levente Magyar, a state secretary at the foreign ministry, said in his opening speech at the two-day conference that Hungary could only be successful if it cooperates with Serbia, Slovakia, Romania and its other neighbours. Magyar noted that investments in the region reached 200 billion forints (EUR 602.1m). They mostly went towards improving the Carpathian Basin’s agriculture and the cooperation in that sector, he said. Another target is to develop the infrastructure for high-standard touristic facilities, he said.

Kárpát EXPOrt is being organised for the third time by the Central European Economic Development Network Nonprofit (CED) and the Hungarian Export Promotion Agency (HEPA), with some 300 companies from Hungary and across the borders participating. The event is expected to draw some 2,000 visitors.

featured image: illustration; via MTI/Zsolt Czeglédi