Despite global challenges, Hungary achieved a remarkable performance, consistently setting investment records.Continue reading
According to the European Commission’s latest assessment, Hungary could be at the top of the EU’s economic growth ranking this year, with growth of 2.4 percent, that is significantly higher than the EU average of 1.3 percent, Finance Minister Mihály Varga stressed in Brussels.
Minister Varga was attending a meeting of EU finance and economy ministers in the Belgian capital. Presenting the Council’s agenda, he said that the Member States are placing great emphasis on competitiveness and are striving to put Europe on a growth path.
The politician emphasized that
it was good news that the European Commission’s latest economic forecast predicted that the Hungarian economy would grow by 2.4 percent in 2024, but added that the Hungarian government expects growth to be higher, at 3.6 percent.
“We are very confident that this will be accompanied by an improvement in competitiveness,” he noted.
On Ukraine’s four-year EUR 50 billion funding, Mihály Varga underlined that Hungary’s position is that the facility should be assessed annually, with the EU committee examining the need for and use of the funds and deciding on the disbursement for the following year in light of this.
We ended the meeting with the hope that the Hungarian proposals will also be assessed at the EU summit on February 1, when the final decision on the topic will be made.
We must strive to ensure that the European Union, as it has done so far, develops a solution acceptable to all Member States,” Varga concluded.
Via MTI; Featured image via Facebook/Audi Hungaria Győr