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Following the presentation by László Parragh, President of the Hungarian Chamber of Commerce and Industry, Finance Minister Mihály Varga also delivered a speech at the opening of the business year on Thursday.
In this 2020 assessment and outlook presentation for 2021, he also outlined in 6 points what he thought were the lessons of the global epidemic. One of them is that
There is also the possibility in Hungary for Hungarian companies and brands capable of organizing value chains around them to be established.
He cited South Korea as an example, where within a few decades, the country’s local businesses grew into world-renowned companies and brands. In connection with this, the head of the ministry also projected a picture listing these South Korean companies (SK Innovation was present on the list, which announced its third investment in Hungary last week, which is the largest single greenfield development ever valued at HUF 681 billion), as well as adding some prominent Hungarian brands to them. In relation to the latter, mentioning that
At the moment, Hungary has regionally recognized companies and brands.
According to him, these Hungarian brands may include the following:
By the way, this is not the first time Mihály Varga has spoken about the possibility of world-famous Hungarian brands. In 2018, he also spoke about this at the MKIK event.
Cover Image Source: Portfolio
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