Finance Minister: Hungarian economy will return to a sustainable growth path this year
Hungary’s economic output is now 5% above pre-pandemic levels, while the EU average is 3.5% higher than before the pandemic.
Hungary’s economic output is now 5% above pre-pandemic levels, while the EU average is 3.5% higher than before the pandemic.
“Until Ukraine adopts legislation to restore the rights of Hungarian national minorities, Hungary sees no point in a highest-level meeting,” the foreign minister said.
The prime minister expressed appreciation for the work of the organization and the secretary-general.
The foreign minister said cooperation with the OECD had helped Hungary with enacting common-sense economic strategy decisions in recent years.
Minister Szijjártó said everything must be done in the interest of restoring cooperation based on mutual respect between East and West.
Minister Szijjártó said Eastern and Western companies worked together effectively in Hungary to the country’s great benefit.
Minister Szijjártó said that when sanctions and further response measures are planned, additional price increases must be avoided so as to keep inflation under control.
The prime minister also met Maroš Šefčovič, vice-president of the European Commission, for talks on topical European and economic affairs.
The OECD’s director of country studies said Hungary was showing signs of strong economic growth despite the economy having taken a hit from the pandemic.
Hungary was among nine countries that did not join a statement backing the introduction of a global minimum corporate tax rate.
Further improvements are expected on the labor market, with the jobless rate set to fall to 4 percent in 2021 and 3.4 percent in 2022.
“It has become clear over the past decade that raising taxes is a dead-end-street,” Minister Szijjártó said.
The foreign minister has said that the incoming secretary general of the OECD should ensure that the organization “helps rather than lectures” its member states.