OKISZ General Assembly: perceptible development of SMEs is needed

The General Assembly of the Hungarian Industry Association (OKISZ) Wednesday called for the perceptible development and support of SMEs and the creation of the conditions for wage convergence.

Vadász György, Managing Director of OKISZ, told MTI after the General Assembly that the Hungarian SMEs have lower income-generating capacity than multinationals, so the burden of the wages should be reduced in order not to compromise the budget balance of the country. He stressed that, although there have been important steps to reduce bureaucracy in recent years, administrative burdens are still high in the sector. (MTI)