Hungarian finance minister: Budapest Declaration reaffirms importance of competitiveness
With the approval of the Budapest Declaration on the New European Competitiveness Deal in November, the Hungarian presidency of the Council of the European Union affirmed the importance of competitiveness, Finance Minister Mihály Varga said ahead of a meeting of the Economic and Financial Affairs Council in Brussels on Tuesday.
Budapest Declaration
Varga also highlighted the approval of the 2025 EU budget and the VAT in the Digital Age package among the successes of the Hungarian presidency.
He told journalists that the ECOFIN meeting, the last under the Hungarian presidency, would review the overall economic situation in the EU, debate the state of play of the energy taxation directive and discuss the recovery and resilience facility.
After the meeting, Varga said Hungary’s half-year EU presidency had achieved success in the endeavour to boost European competitiveness, pointing to the Budapest Declaration and the new VAT package as well as significant advances in customs reform and the capital markets union.
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