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Besides producing one of the highest GDP growth numbers in the EU, Hungary’s models in digitalisation are also exemplary, a government official said after a ministerial meeting of the Organisation for Co-operation and Economic Development (OECD) in Paris. The Hungarian government is in the vanguard of employing digital solutions in services and in fighting black economy, the finance ministry cited state secretary Gábor Gion as saying. Digital solutions such as online invoicing, the electronic control system for road haulage companies (ekaer) and online cash registers have brought hundreds of billions of forints in revenues through whitening the economy, he said.

On the sidelines of the meeting, Gion met South Korean Deputy Finance Minister Lee Ho-Seung. Gion and Lee discussed the two countries’ dynamically developing economic ties. The Hungarian government has so far signed strategic cooperation agreements with two South Korean corporations, Hankook Tire and Samsung Electronics, he noted. Several other companies have chosen Hungary and thereby contributed to job creation and boosting Hungarian economy, he said. The talks also touched on a knowledge exchange programme regarding domestic financial information systems, Gion said.