Economic achievements need to be acknowledged and enterprises must be encouraged to continue their activities in Hungary, Minister for National Economy Mihály Varga said at the presentation ceremony of the “Award for Successful Enterprises” in Budapest.

The Minister emphasised that he has initiated the establishment of the award with the aim of focusing attention onto the Hungarian economy through the achievements of enterprises. One of the key objectives of the Government has been to turn the Hungarian economy into one of the most competitive ones in the region, and to promote the country as an investment destination of great economic potential. The “Award for Successful Enterprises” will be presented each month in three categories. In August, the Teva Group received the “Investor of the Month” award; ChocoMe Ltd was awarded the title “SME of the Month”, while in the category of “Start-up of the Month” Mihály Varga presented the award to Clariton Ltd.

The awards are adjudicated by a three-member jury composed of Chariman of MPF Group Board of Directors Zsolt Felcsúti, President-CEO of Commerzbank Hungary Ltd András Kozma and Business Development Director at EQUILOR Investment Ltd Balázs Szegner.

Mihály Varga emphasised that the Award signals recognition and respect, and that these companies are role models for other enterprises. He also added that it is difficult to decide which start-up will be successful, but this award may inspire other budding enterprises to keep on working.

The Minister for National Economy said that determination and courage are both essential for creating a successful enterprise. Enterprises –be they small or large – always take a risk when they decide on an investment; this award is intended to acknowledge this courage and inspire all stakeholders of the Hungarian economy to believe in themselves and the performance of the Hungarian economy when they are planning to start a business.

(Ministry for National Economy)