The foreign minister has confirmed that a new operative board for restarting Hungary’s economic life after the coronavirus epidemic has been officially established in Budapest.
Speaking after the event, Péter Szijjártó, Minister of Foreign Affairs and Trade, said that decisions to be made in the following weeks concerned how to capitalize on the lead the country has gained with its stellar vaccination program. He added that Hungary must achieve economic growth of 5.5 percent this year in order to provide personal income tax reimbursements to families who have borne most of the burdens of the epidemic.
The minister said Hungary has gained a considerable competitive advantage with its successful vaccination campaign, cautioning however that “the competition has not been won quite yet”. In the post-pandemic period, fierce competition has emerged between countries for production and service capacities, for capital and a trained workforce, as well as in terms of tax systems.
Minister Szijjártó said the government will put forward proposals in the next couple of weeks aimed at improving the operating environment for Hungarian businesses and making Hungary a winner of the new economic era. The proposals will also aim to bring an increasing number of foreign investments to Hungary, expanding job opportunities as well as importing value-added and new technology, he said.