Mihály Varga: standing on more than one foot is one of the keys to the success of the Hungarian economy
One of the keys to the success of the Hungarian economy is standing on more than one foot, to which modern industry, research and development and the green economic transition all contribute – said Finance Minister Mihály Varga on Wednesday evening in Győr, at the award ceremony for the Gábor Baross – Győr Economy award.
The head of the ministry emphasized: Győr is at the forefront of Hungary’s economy transitioning to a circular economy, which reduces the amount of energy used, the amount of waste, and production costs. This makes it possible to build an economy that will allow the country to stand on its own two feet, he added.
Efforts must be made to ensure that, when more difficult times come, Hungary is able to create its own supply chains, among others in the health industry or the food industry, said Mihály Varga.
He added that efforts should also be made to strengthen those key sectors that are able to operate in a future-oriented manner. Mihály Varga emphasized: in recent years, it has been proven that Hungary is capable of extensive growth. Now our task is to move into the intensive era, when we are able to prove in research and development and innovation that we can not only manufacture, but also develop, invent and create things – he said, adding that this is one of the 2020s most important task.
Related news
Ceres ZRt.: Sustainability milestone on the roof of the Győr plant
Ceres ZRt. has set its sights on sustainability and innovation,…
Read more >Mihály Varga: the central bank’s primary goal is to maintain price stability
The primary goal of the Hungarian National Bank (MNB) is…
Read more >Mihály Varga: the Hungarian economy successfully received the last credit rating of this year
“This year alone, the credit rating agencies have assessed Hungary…
Read more >Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >