Orbán: Hungarian government aiming to import ‘the most developed’ industries

Prime Minister Viktor Orbán pledged to introduce the most developed industries to Hungary at the inauguration of a MOL complex in Tiszaújaváros, in north-eastern Hungary, on Tuesday.

Orbán talks about new industries

Orbán said the country’s electricity demand would increase by 50 percent by 2030 due to the new industries. “We will have Eastern and Western car plants, technologies and production capacities to store green energy, we will participate in space research and link Hungary to the [international] bloodstream of the most modern information technologies,” the prime minister said.

In addition, Hungary has ambitions to build the most modern defence industry in Europe, and develop its food, pharmaceutical and chemical industries to a higher level, he said.

Orbán said the government’s industrial policies would ensure that the industry was supplied with sufficient energy and a well-trained labour force.

Concerning the Tiszaújváros plant, he said value-added jobs were being created, “providing a secure, predictable future for 300 people”.

Hungary is in the process of diversifying its energy resources to make itself less dependent on global market trends, Orbán said. Hungary imports gas from Qatar, it will buy green energy from Azerbaijan, increase its solar energy capacities, while the upgrade of the Paks power plant is under way, he added.

A crucial component of the Hungarian government’s industrial strategy is to provide incentives to Hungarian businesses entering foreign markets. “Hungarian industry has grown so big that Hungary is now too small,” he said.