Hungary Tourism
The primary objective of the Hungarian government’s economic policy is to make Hungary attain the most developed western European economies’ quality of life due to achieving economic growth that exceeds European Union’s average.
High rate of economic growth is to be based on two pillars: increase of employment and improvement of productivity. For this reason the main challenge for economic policy is to provide the necessary macroeconomic conditions for achieving these goals. Stable equilibrium conditions are needed for long-lasting economic growth, therefore the government is making effort to maintain the macroeconomic stability and better financial balance. For the sake of these a smaller and more efficient public administration is needed that does not restrict the economy and interferes only when market mechanisms prove ineffective. Additional crucial element of the growth-generating macroeconomic conditions is the predictable regulatory framework which minimises administrative and financial burden on economic actors. For this reason the government set out to reduce and simplify bureaucracy and to mitigate administrative and tax burdens.
Beside providing an adequate economic framework the government pursues active development policies, which aim at creating new jobs and investments. Infrastructure developments, enterprise and investment support programs – financed by both national and EU-funds – are underway in order to improve competitiveness of the Hungarian small and medium size enterprises, enhance Hungary’s ability to attract FDI and integrate the already settled multinational companies into the national economy.
The mission of the Ministry of Economy and Transport is to promote the formation of an innovative, knowledge-based economy which grows fast, produces high added value and therefore is competitive both in the single European market and globally. Only by creating such economy can Hungary realise rapid convergence to the developed EU countries.
