Hungarian Finance Minister Varga to report on Hungary’s EU presidency to EP committee

Finance Minister Mihály Varga will report on the results of Hungary’s presidency of the Council of the European Union at a meeting of the Committee on Economic and Monetary Affairs of the European Parliament on Monday.

Finance Minister to report on Hungary’s EU presidency

In a video message posted on social media on the way to the meeting, Varga said the Hungarian presidency had made “significant breakthroughs” in the area of competitiveness, clearing the way for a new competitiveness deal for the EU. The presidency also reached a consensus on VAT rules, made it easier for businesses to operate in the EU and approved the 2025 EU budget ensuring the resources necessary to improve competitiveness, he added.

Varga said he anticipated some “antagonism” against Hungary to be voiced at the committee hearing. “But I’ll stand up to that,” he added.

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