On 27 January 2011, Minister for National Development Dr Tamás Fellegi delivered a lecture at the general meeting of the Association of International Companies in Hungary. The minister familiarised the top executives of international companies with the Government’s economic policy aimed at job creation. Dr Tamás Fellegi confirmed that the Government was committed to the creation of a stable and predictable economic and regulatory environment. He requested co-operation from the participants in the interest of restoring investor confidence in Hungary.

Dr Tamás Fellegi pointed out that the reasons that had forced the incumbent government to apply a more equitable and proportionate fiscal treatment included the HUF 500-700 billion gap in the budget left by the Socialist government and the inherited deep structural problems of the Hungarian economy. The minister confirmed that during the creation of opportunities for recovery to unfold in the medium term, the Government would continue to give preference to solutions that were most favourable for Hungary and avoid imposing austerity measures on the population.

In his lecture focusing on economic stability, growth and job creation, the Minister for National Development recognised that multinational companies played a key role in the Hungarian economy, and held out the prospects of regular dialogue with them. The Government endeavoured to maintain a balanced partnership with multinational companies and was open to the integration of their proposals aimed at streamlining the regulatory system, Dr Tamás Fellegi stated.

(Ministry of National Development , Department of Communication)