general advantages joining a community of stability, democracy, security and prosperity
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www.gkm.hu www.itd.hu. Benefits of Recent EU Accession. General Advantages Joining a community of stability, democracy, security and prosperity - PowerPoint PPT PresentationTRANSCRIPT
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
Benefits of Recent EU Accession
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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
Benefits of Recent EU Accession
Source: GKI
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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
Benefits of Recent EU Accession
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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
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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
Benefits of Recent EU Accession
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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
Benefits of Recent EU Accession
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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
Benefits of Recent EU Accession
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
for Hungary for all EU members
Source: EU
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