Transcript 1. dia - Magyarorszag

Benefits of Recent EU Accession
General Advantages
–
Joining a community of stability, democracy, security and
prosperity
–
Growing internal market, increasing domestic demand
(customs-free access to 450 million consumers)
–
Free movement of labour force, goods, services and capital
www.gkm.hu
www.itd.hu
Benefits of Recent EU Accession
Economic Effects I.
–
0.8 % point increase in the GDP growth rate
–
1.0 % point increase in the rate of industrial output growth due
to higher export sales dynamics
–
Growing inflow of FDI due to increased business confidence
–
Regional hub role – gateway to Eastern Europe
Source: GKI
www.gkm.hu
www.itd.hu
Benefits of Recent EU Accession
Economic Effects II.
–
State subsidy system in line with EU regulations
–
Stronger competition and drive for innovation
–
Easier access to financial institutions and funds within the
enlarged European Union
–
Transport infrastructural investments may reach
EUR 10-11 billion until 2010
www.gkm.hu
www.itd.hu
Benefits of Recent EU Accession
Economic Effects III.
– Increasing EU funds for environment protection, education,
R&D and supporting SMEs
– Transparency of taxation and business accounting rules
– No customs or quantitative limitations within the EU
– Simplified procedure in business administration when
exporting to EU member states
– Free access to a market of 450 million consumers for non-
European companies settled in Hungary
www.gkm.hu
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Benefits of Recent EU Accession
Economic Effects IV. - Reduction of trade barriers
– Mutual certification of goods
– Single standard certification process for the entire region
– Rigorous enforcement of competition policy and intellectual
property rights
– Harmonized VAT payment system in the EU
www.gkm.hu
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Benefits of Recent EU Accession
Outlook for EMU Membership - Date of possible entry: 2010
– Lower real interest rates boost investments
– No exchange risk and conversion charges
– A potential 0.6-0.9 % increase in the economic growth due to
the adoption of the single currency
– Meeting the Maastricht convergence criteria
www.gkm.hu
www.itd.hu
Benefits of Recent EU Accession
for Hungary
 Structural Funds: EUR 2,086 million
– Economic Competitiveness OP
– Human Resource Development OP
– Environmental Protection and
Infrastructure Development OP
– Agricultural and Rural OP
– Regional Development OP
 Cohesion Funds: EUR 330 million
for all EU members
 EU 6th R&D Frame Program:
– EUR 17,500 million
 IEE: Intelligent Energy for
Europe:
– EUR 265 million
 Leonardo da Vinci II.:
– EUR 1,150 million
Source: EU
www.gkm.hu
www.itd.hu