Government measures improve bottom line by 120bn-150bn forints

Budapest (MTI) – Actions taken by the government on the initiative of the Hungarian Chamber of Commerce and Industry (MKIK) improved businesses’ bottom lines by a combined 120-150 billion forints (EUR 382m-478m) this year, chairman Laszlo Parragh said in an interview with MTI.

Among the chamber’s successes this year, Parragh cited the government’s decision to partly step back from increased taxation on vouchers, the restructuring of the education system and preparations for the simplification of the public procurement law. He added that agreements with eight state institutions had been reached on the transfer of data to establish a unified information system, strengthening security in the business sphere.

Parragh said Hungary’s macroeconomic indicators had been favourable in 2014. Employment rose, as did investments, domestic consumption and exports, and consumer prices fell, he noted.

Next year, Hungary’s economy could grow at a rate exceeding that before the 2008 crisis, Parragh said, though pointing out risks related to the situation of Russia and Ukraine.

Source: http://mtva.hu/hu/hungary-matters