News in Brief
Economic Development Minister meets Italian counterpart in Budapest
The ministers discussed the economic situation in their respective countries as well as economic policy developments in the European Union.
Competitiveness
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News in Brief
Hungary jumps three places in competitiveness ranking
Finance Minister Mihály Varga said that since 2017, Hungary has improved its position by 13 places.
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Finance Minister: 1,700 Hungarian companies to receive development support
Mihály Varga said the support is mainly for boosting competitiveness and efficiency through the purchase of new technology.
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Hungary jumps five places in IMD competitiveness report
Hungary has jumped five places to 42nd in a report published by the Swiss IMD World Competitiveness Center.
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HIPA CEO: Investors should take Hungary into account when looking for a competitive business location
Hungary was one of the EU’s economic champions and has a very good chance to come out of this crisis stronger than ever.
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PM Orbán: Economies of the V4 are hugely promising
Prime Minister Viktor Orbán said Europe has failed to make decisions in recent years to boost its competitiveness.
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FM: Central Europe is in a position to gain a big competitive advantage in the coming years
The foreign minister said the novel coronavirus pandemic presents a historic challenge for the European Union, adding, at the same time, that the coming years “could be all about central Europe”.
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FM: Investment is key to Hungary's competitiveness
The foreign minister said Hungarian companies have recognized that investment gives them the opportunity to gain a competitive edge over their regional and international peers.
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Hungary ranks 19th in NBH’s latest EU competitiveness report
In the NBH’s latest competitiveness report, Hungary’s score of 47.4 points on a scale of 0-100 is slightly higher than the average score of the other three Visegrad Group countries.
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FM: Europe’s competitiveness hinges on intensifying inter-state transport and energy connections
Péter Szijjártó underlined the importance of connecting Hungary and Slovenia’s electricity and gas pipelines and increasing the number of border crossings.
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Hungary’s economy and growth advantage will be protected by additional policy measures
Mihály Varga, Minister of Finance, said a prime objective would be to expand room for maneuver in economic policymaking and speed up competitiveness measures.
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Hungary ranks 47th on annual competitiveness ranking compiled by the World Economic Forum
Hungary moved up one spot on the index from last year, when the ranking included 140 countries opposed to the 141 appearing this year.
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FM: Western European states want to stifle the competitiveness of Central and Eastern Europe
Péter Szíjjártó said the proposed tax harmonization and common European debt handling would “effectively annihilate the competitiveness of both the Central European region and at the European Union as a whole".