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FM: Hungary is a meeting point for Eastern and Western economies

The foreign minister identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles.

Péter Szijjártó, Minister of Foreign Affairs and Trade, has emphasized the government’s efforts in making Hungary a meeting point for the Eastern and Western economies.

According to MTI, the minister identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles. This requires electric batteries which are primarily manufactured in the East by China and South Korea, Minister Szijjártó said. “Hungary by now has become the European champion of the automotive sector’s transition to electric vehicles,” he said. And because construction of Europe’s biggest electric battery plant is not set to get underway until early next year, “Hungary is also a realistic candidate for the world championship title,” he added. Meanwhile, Minister Szijjártó said the ongoing war and the “flawed sanctions” imposed by Brussels in response to it were pushing the European economy towards a recession, adding that the longer the war went on and the more sanctions Brussels approved, the more difficult things would get for the European economy.