News tagged with: competitiveness

South Korea’s Hankook Tire to Expand Rácalmás Plant with HUF 210 Billion

Hankook Tire will create 450 new jobs in Rácalmás (central Hungary), where the South Korean company will manufacture tires specifically...

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Closer Economic Cooperation with China Is Essential

Hungary would strongly support even closer economic cooperation between Europe and China, as the separation of the two economies would...

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Energy Dependency Decreases Europe’s Competitiveness

Energy dependency maintains Europe's long-term competitive disadvantage, the Energy Minister stressed on Friday at the Tranzit Festival in Tihany, at...

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“We Have the Most Sovereign Foreign Policy in Europe,” Says Foreign Minister

The government has the greatest legitimacy in Europe following last year's elections, and as a result Hungary can implement the...

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Higher Education Is Making Progress Internationally

The Ministry of Culture and Innovation said in a statement that an internationally measurable turnaround in competitiveness is taking place...

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We Will Avoid Recession in 2023, Says Economy Minister

Despite the intensified economic challenges, recession should be avoided, and the Hungarian government aims to achieve 1.5 percent growth in...

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EU to Push Ahead With Global Minimum Tax Despite Opposition

According to the economic news portal Világgazdaság, the EU is set to revisit its plans to introduce the US initiated...

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Brussels Should Seek Good Relationship with UK

Hungarian Foreign Minister Péter Szijjártó (left) with British counterpart James Cleverly Brussels often reacts "out of anger" to British objections,...

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Siemens to Create 400 New Jobs in Hungary

Siemens Energy will create 400 jobs in Hungary in the next few years with an investment of around HUF 30...

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Finance Minister: Hungary Climbs Three Places in Competitiveness Ranking

Hungary ranks 39th on the list of the world's most competitive economies, up three places from last year, Finance Minister...

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Central Bank Leader Criticizes Gov’t for ‘Not Taking the Best Decision’ Regarding Use of EU Funds in Past Decade

This week, the head of the central bank published an article on the website of pro-government Magyar Nemzet about the...

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Central Bank Head: Hungary Needs Competitiveness Turnaround

Hungary is a laggard in competitiveness, and the country will continue to bear the high costs unless it improves on...

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Hungary Jumps Up Five Places in IMD Competitiveness Report

Hungary has moved up five places to rank 42nd in the report published by the Swiss IMD World Competitiveness Center,...

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Gov’t Wants Food Industry to Become Internationally Competitive by 2027

Developments on an unprecedented scale are planned in Hungary's food industry by the end of the decade, with a significant...

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Matolcsy: Hungary Could Reach EU’s Average Level of Economic Development by 2030

Given a sufficiently rapid turnaround, by 2030, Hungary could reach the average level of economic development in the European Union...

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Hungary 19th in National Bank’s EU Competitiveness Ranking

Hungary has placed 19th in the National Bank of Hungary's ranking of European Union countries by their level of competitiveness,...

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Szijjártó: Boosting Central Europe Competitiveness Requires Intensifying Connections

Central Europe's competitiveness hinges on intensifying inter-state transport and energy connections, Péter Szijjártó, the foreign affairs and trade minister, said...

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Gov’t: Over 500 Companies Apply for Subsidy to Promote Competitiveness

So far, 526 companies have applied for a government subsidy aimed at increasing the competitiveness of businesses, Péter Szijjártó, the...

Párbeszéd MP Mellár: Gov’t Uses ‘Artificial Means’ to Keep GDP Growth around 4-5%

Párbeszéd lawmaker Tamás Mellár has slammed the government's "populist economic policy", saying it relied on artificial means to keep Hungary's...

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Hungary’s Economy Undergoing Paradigm Shift, says Trade Minister

Hungary's economy is undergoing a 'dimensional shift' from production to higher value-added jobs, services and R and D, Hungary's foreign...

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Hungary Moves Up 1 Spot, Ranked 47th on WEF Global Competitiveness Index

Hungary has placed 47th among 141 countries in an annual competitiveness ranking compiled by the World Economic Forum (WEF). Hungary...

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