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NFT2 envisions harmonized growth across regions

Basic groundwork for the second National Development Plan (NFT2) is already being prepared, with NFT2’s operative sub-programs set to be finalized by the beginning of 2006.

According to Kinga Semperger, director of Budapest-based EU consulting firm Árindex Kft, regional development plans – already being prepared by the country’s regional development councils – provide indications that new areas of development will be included in the new plan that were left out of the first one.

The fact that NFT2 will provide 6–7 times more money than the €3 billion provided by NFT1 goes some way toward explaining the new plan’s expanded scope.

Semperger said that strengthening the competitiveness of Hungarian companies, and improving the social and financial environment in which they work, are likely to remain top priorities. Part of this “entrepreneur-friendly” environment involves developing infrastructure that is more conducive to better infocommunication and innovation.

This means that NFT2 will place greater emphasis on cooperation between university research teams and innovative companies, she continued, adding that Hungarian researchers and R&D departments of Hungarian firms will also be more integrated into the R&D activity of other EU countries.

“I think innovative companies established by researchers will receive more financing in the future,” Semperger predicted.

Hungarian firms will also become more competitive because of EU financial support to industrial parks. Industrial “clusters” will gradually grab the lead from existing industrial parks, the consultant said.

NFT2 will also channel investments into environmental protection, and require that companies make similar investments. Renewable energy sources and environmental protection measures in Hungary will be integrated into EU-wide programs of a similar nature, Semperger said.

Connecting articles 1/1 oldal
Hungarian Economy Expected to Expand
Economy in Hungary

Adriatic Challenge

What could be more challenging than sailing without wind? Most probably the answer is sailing without a sea. Hungary does not have a sea still a Hungarian owned, but for obvious reasons, Croatian based company has become the leading sailing company of its kind in the region. Adriatic Challenge offers a delicious piece of cake from each parts of the whole sailing cake; they focus on the three main segments of yachting: regatta organizing, corporate sailing and charters.

Budapest bourse counts on foreign IPOs to lift turnover in 2007

16 Jan 2007 bbj.huThe Budapest Stock Exchange (BÉT) is relying on foreign companies including Orco Property Group to join the market and boost trading as the bourse combats the effects of a slowdown in the Hungarian economy.

Promises or jobs?

The low number of Hungarians of working age who are officially employed is one of the most serious problems facing the Hungarian economy.

NFT2 envisions harmonized growth across regions

Basic groundwork for the second National Development Plan (NFT2) is already being prepared, with NFT2’s operative sub-programs set to be finalized by the beginning of 2006.

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Does anybody care for the lookout, writing, and assemblage of the actual tenders at your company?

Yes, I resort to the service of a professional subcontactor, who helps to assemble and win the actual assistances.
Yes, I employ an assistant for this work, whose scope of duties are to search and asseble the actual tenders.
No, and in this wise my company loses a lot of assistance opportunity.