Published On: Sat, Jan 2nd, 2021

Laszlo Palkovics: the programs of the Economic Protection Action Plan are successful

Minister of Innovation and Technology Laszlo Palkovics assessed the programs of the Economic Protection Action Plan as successful at the annual hearing of the Parliamentary Committee on Economic Affairs on Monday.

 

 

  He stressed that the activities of the Ministry of Innovation and Technology (ITM) over the past year have been strongly affected by the economic crisis caused by the coronavirus, the focus has shifted to combat the economic effects of the epidemic, but also the planned programs.
    The situation caused by the virus also has many economic policy consequences that can be built on in the future, he explained.
    Regarding labor market subsidies, the Minister said that as a result of the measures taken so far, more than 950 thousand people have received labor market or training subsidies.
    He highlighted, among other things, the wage subsidies for those working in research and development, as he said, no one was laid off in this area, and several companies decided to bring their research activities to Hungary during this period.
    So far, HUF 877 billion investment support programs have been announced, most of which are already in the economy, as a result of which almost HUF 1,500 billion will be developed in the Hungarian economy – explained László Palkovics, adding that maintaining jobs was also one of the main reasons. condition.
    Summing up the resources flowing into the economy to help ensure the liquidity of enterprises, he said that more than HUF 3,600 billion has already entered the economy, there are 1400-1500 billion support decisions, and another HUF 1,000 billion is still available to enterprises from the program package.
    Presenting the key policy issues, the Minister explained that the implementation of the development strategy of small and medium-sized enterprises (SMEs) was partly accelerated by the economic situation caused by the virus, citing as an example new and targeted tenders for technology change.
    László Palkovics mentioned that the planning for the next period was underway; the framework of the Enterprise Development and Innovation Operational Program following the Economic Development and Innovation Operational Program (Ginop) will be the largest, so 30% of the total amount will be spent on enterprise development in the next financial cycle. The framework of the Green Infrastructure and Climate Protection Operational Program and the Mobility Operational Program is 39 percent in total, so these will also have a significant impact on economic development, he indicated.
    With regard to industrial policy, he emphasized, among other things, that the development of the construction and food industries and the reconstruction of the defense industry were priority areas.
    The development of the food industry will be one of the priorities in the next support period. Preparations for this have begun, and a HUF 35 billion program for small and medium-sized enterprises will soon be announced, with which they will support becoming a supplier to the food industry, the minister explained.


    In connection with the sustainable construction economy strategy, he indicated that the productivity of the Hungarian construction industry is lagging behind what is necessary, therefore several tenders have been issued to construction companies in the recent period, and they will continue to do so.
    The previously adopted health strategy has been partially redesigned in response to the coronavirus epidemic. At present, the Hungarian industry is already able to provide all critical products needed for health protection, and the health industry has received HUF 85 billion in support for this, he said.
    He also pointed out that the greening of transport could have a serious impact on industrial development. He also stressed that the road construction program and the renewal of the railway will continue.
    László Palkovics assessed the change of model in public higher education as successful, as he said, with the aim of responding more flexibly and faster to the needs of the economy and a more modern and predictable operating environment.
    He said the plan for a network of science and innovation parks had been completed and national laboratories had been set up.
    The transformation of the vocational training system has proved its worth, and several schemes have been created to help companies and vocational training work together, the minister explained, adding that the adult training system was also launched in a new structure on 1 September.
    He also recalled that the government had designated four economic development zones as well as two special areas by September decisions.

MTI

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