Cooperation between the government and Hungary’s business service centres has proven mutually beneficial and must be continued in the future, too, the foreign affairs and trade minister said in Budapest. The creation of a Hungarian economic model has allowed the government to maintain the country’s fiscal balance and encourage growth, Péter Szijjártó told a conference organised by the Hungarian Investment Promotion Agency (HIPA) and the Hungarian Service and Outsourcing Association (HOA). Hungary has been gradually reducing the public debt over the past nine years, he said, adding that the debt-to-GDP ratio is seen falling to below 60% by 2022. The government has created 800,000 new jobs over the past nine years, bringing the unemployment rate down from 12.5% to 3.3%, the minister said.
Szijjártó noted that there are 120 business service centres in Hungary employing more than 55,000 people. The sector has seen 34 investments over the past three years, creating 4,667 jobs, he said, adding that the government is in talks with seven companies considering setting up their own service centres in the country. Supporting service centres will be a key part of the government’s next economy protection plan, he added.