"No other company has ever entered into such a long-term cooperation as with the BMW car manufacturer in Debrecen."Continue reading
Márton Nagy and a delegation of the Ministry for National Economy are traveling to Germany, the Ministry informed the media in a statement on Sunday. Nagy will hold talks with Robert Habeck, Federal Minister for Economic Affairs and Climate Action, Florian Toncar, Parliamentary State Secretary in the Federal Ministry of Finance, and top executives of BMW, Mercedes, and AUDI.
According to the statement, the government’s aim is to relaunch economic growth this year and to boost it further next year, in which the easing of the duality of the economy plays a key role, alongside increased labor market activity, investment, and consumption. To achieve this, the number of national “champions” needs to be increased to 40, the number of exportable small and medium-sized enterprises to 20,000, and the profit deficit to zero.
Minister for National Economy Márton Nagy on April 12, 2024. Photo: MTI/Máthé Zoltán
In addition, the share of domestic Tier 1 and Tier 2 suppliers needs to be increased to 50%. With all this in mind, the delegation aims to further strengthen Hungarian-German economic relations and to promote an increase in the proportion of domestic suppliers.
The ministry stressed that
Hungary has an interest in further improving the economic performance and competitiveness of Germany as our most important foreign market and in strengthening economic relations.”
The future of the automotive industry will be one of the main topics of the discussions, with a special focus on the large German car manufacturers present in Hungary and the electric vehicle industry. Hungary is seeking to establish a single EU support program to boost demand for electric cars, the ministry concluded in its statement.
Via MTI, Featured image: Facebook/Mercedes-Benz Gyár Kecskemét