SMEs need to become more efficient and boost productivity, minister says

Márton Nagy, National Economy Minister, met with the heads of business association VOSZ at his office on Monday.

VOSZ president János Eppel and chief secretary László Perlusz discussed proposals to activate Hungary’s labor market reserve with Minister Nagy, his ministry said.

Minister Nagy said local businesses, especially SMEs, needed to become more efficient and boost productivity to preserve the country’s competitiveness and keep up with wage increases.

He asked the VOSZ leaders to participate in the implementation of the Demjan Sandor Programme, a government scheme to scale up SMEs.