Nagy: Germany's success is important for Hungary
Minister Nagy said Germany had been in recession for two years and the economy was expected to continue contracting this year, too.
Minister Nagy said Germany had been in recession for two years and the economy was expected to continue contracting this year, too.
Minister Nagy said innovation was always a key element of Hungarian identity and culture.
Minister Nagy said the EU "must be saved before it dies," as its economy cannot compete with the United States and China under the current circumstances.
The National Economy Ministry said that "intensive negotiations" with EC experts to clarify issues had preceded the EC's endorsement of Hungary's national medium-term fiscal-structural plan.
Minister Nagy said households had felt the positive turnaround from September already and the trend would continue in 2025.
Minister Nagy said that his ministry wanted to establish an "outstanding cooperation" with the National Bank of Hungary (NBH).
Minister Nagy said putting the budget balance in the black, excluding debt servicing costs, was of "key importance".
Minister Nagy said the EU needed to catch up with the US and China if it didn't want the competitiveness gap to widen further.
Cooperation between Hungary and Georgia has steadily developed in recent years, including in the energy, pharmaceutical and food industry sectors.
Some of the EU's measures have contributed to the formation of blocs and could pave the way for an "economic cold war", Minister Nagy said.
Márton Nagy stressed the need for an action plan to speed up the adoption of electric cars and fulfil the 2035 green transition, covering the whole of Europe.