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Oct 10, 2018

PM Orbán: Hungary’s government is “one of the most stable” cabinets in Europe

The prime minister called for “radical improvements” in terms of the country’s competitiveness and the government would soon adopt an action plan to help improve the national economy

Prime Minister Viktor Orbán said Hungary’s government is “one of the most stable” cabinets in Europe.

The prime minister made the remarks during a Hungarian-Turkish business forum in Budapest on Tuesday, which was attended by Turkish President Recep Tayyip Erdogan.

During his speech, PM Orbán praised Turkey for having a stable governmental system and a “leader with strong legitimacy,” and voiced hope that “cooperation between stable governments will lead to success”.

The prime minister also called for “radical improvements” in terms of the country’s competitiveness and said that the government would soon adopt an action plan to help improve the national economy.

PM Orbán said that the Western world was dominated by “a sense of uncertainty,” which has been “trying” for politicians and the business community and insisted that “everybody in Europe wants security and predictability”.

The prime minister said the Hungarian government seeks to ensure those two conditions through applying a model based on job creation, tax cuts and pay hikes. He added that Hungary enjoys stable economic growth and is approaching full employment.

PM Orbán also said that Turkish businesses provided jobs to over 1,000 people in Hungary, while eight major projects with Turkish involvement were being negotiated. Those projects could result in investment totalling 500 million USD, he said.

The prime minister also announced that Hungary would offer 150 scholarships to Turkish students. Péter Szijjártó, minister of Foreign Affairs and Trade, said at the forum that Turkey was Hungary’s “number one” trading partner in its region and noted a record turnover in bilateral trade last year.