Hungary's businesses have achieved a success story, Prime Minister Viktor Orbán said at the Role Model of the Year Award Gala on Friday. The event was organised by the Role Model Foundation (Példakép Alapítvány), established in 2013 as a civil initiative aiming to acknowledge and direct attention towards successful young Hungarian entrepreneurs.
The Prime Minister praised small and medium-sized enterprises, which he said accounted for 99 percent of Hungary's private sector, and noted that they employed 73 percent of the country's active workforce and generated 55 percent of its GDP. "Hungary has good reason to be proud of its SMEs," he stated, also congratulating the Foundation for "dispelling the myths that Hungarian youth can only be successful abroad or that there can be no successful enterprise outside Budapest".
The Foundation's award was presented to medical researcher Tamas Letoha, from Szeged in south-east Hungary, for experiments in gene therapy. A total of 417 young entrepreneurs were nominated from several sectors of the economy, fulfilling conditions such as being younger than 40 years old and having ownership in the enterprise, which does not have any outstanding taxes or contributions and has been operating for at least two years.
(Prime Minister’s Office)
