CORONAVIRUS: Here's the latest
A regularly updated feed of the latest information about coronavirus in Hungary.Read more
The finance minister said the top priority of economic policy during the second wave of the coronavirus epidemic is to make sure the Hungarian economy stays afloat and that jobs and enterprises are protected and supported.
Die Migration ist kein eigenständiges Thema und kann nicht von seinen wirtschaftlichen Folgen getrennt werden. Die Migration schafft Gewinner und Verlierer, da Flüchtlinge viel kosten und mehr aus der Kasse nehmen können als sie einbringen, insbesondere wenn Länder gering qualifizierte Arbeitskräfte einstellen müssen.
Migration is not a stand-alone issue and cannot be separated from its economic consequences. Migration creates winners and losers, since refugees cost a lot and can take out more than they bring in, especially if countries are having to take in low-skill workers.
Mihály Varga said the government funded initiative aims to strengthen the competitiveness and productivity of SMEs by helping them to introduce new technologies and improve the skills of their employees.
The Finance Minister has said the United Kingdom leaving the European Union “in a regulated manner” is in Hungary’s interest, but Hungary needs to be prepared if Brexit happens without prior agreement between the UK and the community.
In the midst of a global economic slowdown, Finance Minister Mihály Varga has called for maintaining fiscal discipline in the Hungarian economy and keeping up the country’s recent high investment rate.
The Finance Minister said that since the current government came into power in 2010, net wages have grown by an accumulated 85 percent, and the gross wage rise between 2010-2018 was the fastest among the Visegrád Four group states.
Minister Varga said the economy was also expected to perform well in the second half of the year. He added that the economy has not lost momentum and that the Q2 growth rate had exceeded the ministry’s expectations.
Following talks with David B. Cornstein, the US Ambassador to Hungary, Finance Minister Mihály Varga said there are a number of schemes available to Hungarian firms that can help them break into the US market.
“The Hungarian government expects the results of the European Parliament elections in May to have a positive impact on the operation of the EU’s system of institutions soon, and that current policy will then not creep into professional matters,” Minister Varga said.
Minister Varga said the stakes of the upcoming European elections are higher than ever as they will determine whether Europe will have pro-migration leaders or ones who want to defend Christian culture
Minister Varga noted that the economy had expanded by 4.8 percent last year, three times the European average. “Now nobody can deny that the Hungarian economy is performing ever better and can continue to expand in the coming years,” he said