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LMP URGES MORE SUPPORT FOR LOCAL SMES

 

The opposition LMP party called for measures that would help “create balance” in the Hungarian economy by giving more support to SMEs than to multinational companies. Multinational companies and some large businesses linked to the government receive substantial central support while their small and medium-sized suppliers are “exploited”, a party lawmaker said. „This could pose a serious problem in the instance of an economic crisis,” Márta Demeter said. She called on the government to change its economic policy and give priority and more support to Hungarian SMEs that employ 70% of the country’s workforce, she said. LMP calls for reducing the tax and administration burden on SMEs and “eliminate the tax evasion practices of multinational companies”, Demeter said.