Márton Nagy: Hungary is a supporter of neutrality in trade policy
As a supporter of neutrality in trade policy, Hungary opposes the economic blockade of the world, since the way to development would be to ease the division – said the Minister of National Economy on Wednesday in Budapest, at an event held on the occasion of the European Trade Day.
According to Márton Nagy, the trade cold war is causing serious damage to the Hungarian economy, and division should not be allowed to do so.
The head of the ministry also called the EU protective tariff on the import of Chinese electric cars a mistaken measure, instead urging the cooperation of Eastern and Western capital at the event.
Domestically, efforts must be made to increase the share of Hungarian-owned store chains in retail and the proportion of Hungarian goods in the supply, reaching the level that is customary in Western countries for local products
he added.
The minister refused that some market players criticize the government’s measures, since the introduction of a price cap or mandatory campaigns was necessary to break inflation.
The task of commercial chains is to serve consumers efficiently, and fortunately more and more people understand that it is worth focusing on the competition, he said.
Related news
Companies are recruiting more cautiously now than they planned at the beginning of the year
The average number of applicants remains particularly high in the…
Read more >The GKI business climate index decreased slightly in July
According to a survey by GKI Economic Research Ltd. –…
Read more >At a suffocating pace: the corporate world is still shrinking, but the decline is slowing
The number of domestic companies continues to decline, but the…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >Top 10 Places for the Best Cottage Cheese Dumplings in Hungary
There’s a dish that transcends generations, evoking both the nostalgia…
Read more >