FM Szijjártó: Hungarian economy among most shock-proof in Europe
During the coronavirus pandemic, Hungary’s economy has shown itself to be among Europe’s most resilient, thanks to policies in the past twelve years focused on tax cuts and investment promotion, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday, opening a logistics centre for a Hungarian-owned tyre wholesaler.
The state supported the 5.5-billion-forint investment (€ 15 million) creating fifty jobs with a 693-million-forint (€ 1.9 million) grant, the ministry said, noting that Szijjártó attended the opening of Marso’s centre in Dunaharaszti, near Budapest.
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Szijjártó said the status quo had been upturned in every area in the wake of the pandemic, creating immense global competition. This sets in stark relief which countries are best placed to exploit new opportunities which have arisen accordingly.
“Hungary belongs among the winners of the new global economy,” he said. “We have been able to put the changes to our advantage.”
Szijjártó cited a successful vaccination campaign which enabled Hungary to reopen six to eight weeks earlier than other European countries last year, while its economy, he added, returned to its pre-pandemic level of output by the end of the summer.
Current projections show that the global economy will achieve the same only by the end of 2022, he added.
The government has implemented one of the largest investment promotion schemes of all time and financed the preservation of jobs instead of spending money on policies underpinning unemployment, he said.
An internationally competitive category of Hungarian companies has emerged, he said. Hungarian-owned companies now form the backbone of the economy, reducing its international exposure, he added.
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Source: MTI
1 Comment
Peter Szijjarto – Minister of Foreign Affairs & Trade – walks a Very Wobble Plank, in his comments, sighting Hungary – “Belongs amongst winners of the new global economy.
We have been able to put the changes to our advantage”.
This somewhat brazen comment by the Minister – will be ATTACKED in a Robust tone and manner – that will display the use of Falseness through PROPAGANDA – of this comment .
This forum has been used numerous occassions in the past (6) six months – to communicate – that the Economy of Hungary – is in a downward TREND.
This opinion is gathered using the main points of Economic & Financial Indicators – used GLOBALLY – by respected organizations – who analysis – the present & future – Economic & Financial position of a country.
The principal componentry used to give opinion of a countrys Economic & Financial position – the data gathered and up-dated constantly – highlights that the Economy of Hungary – is Weak, Fragile, Delicate – and trending Downwards.
Peter Szijjarto – Minister of Foreign Affairs & Trade – this is another in the growing list of statements – that sadly are “Veiling” the Truth – the current – Economic & Financial position – that Hungary is placed.