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OECD chief, Varga focus on SME productivity in Budapest forum
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The OECD chief and Hungary’s economy minister focused at a forum in Budapest on Monday on policy initiatives that would accelerate the productivity growth of small and medium-sized enterprises.
Angel Gurria, general secretary of the Organisation for Economic Cooperation and Development (OECD), said an assessment was needed of how global supply chains could be intensified as well as how to raise the productivity of SMEs.
Mihály Varga, Hungary’s economy minister, said at the OECD Global Productivity Forum that the government was taking various measures to speed up the process whereby Hungarian SMEs hook up with international companies, primarily through Hungarian supply networks which provide a good opportunity for their products to enter international markets as exports. It is hoped that productivity will improve as a result of such measures, he added.
The minister also noted government schemes to integrate SMEs into the supply chains of international companies.