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The rapid restart of the Hungarian economy also requires the economic restart of Visegrad’s partners

The rapid restart of the Hungarian economy also requires the economic restart of Visegrad’s partners

Jun 30, 2021-20: 12

The rapid relaunch of the Hungarian economy also requires an economic relaunch of the Visegrad partners, Peter Szijjarto, Minister of Foreign Affairs and Trade, said in Katowice, Silesia, on Wednesday, as he attended the Visegrad Group Prime Minister’s Summit as a member of the Hungarian delegation.

The head of the Hungarian diplomacy stressed in a statement to the Hungarian public media that the effectiveness of the Hungarian economy is mainly determined by the performance of the foreign economy. He noted that with the other three partners of the Visegrad Group (V4), Hungary also achieved a trade turnover of over HUF 10,000 billion in the tough year of global trade last year, accounting for 14 percent of the total Hungarian foreign trade volume. .
Chijarto emphasized that the main reason for the good economic performance in Central Europe lies in the low taxes and therefore any attempt to exert external pressure which would lead to higher taxes in the countries of the region should be rejected.
Therefore, one of the important efforts of the Hungarian presidency will be to prevent the need for tax increases in the V4 countries by imposing a global minimum tax, he said. He pointed out that the competitive advantage of Central European countries is largely due to lower taxes. It is in our primary interest, he said, that tax policies remain a national prerogative.
Regarding the security implications of the post-coronavirus world, Chijarto said, “Brussels is putting mandatory resettlement quotas on the agenda again and again,” and it must be ensured that illegal immigrants cannot come to Central Europe. It must also be ensured that EU enlargement is not taken off the agenda so that the Western Balkans can join as soon as possible. He stressed that the security and stability of the Western Balkans are essential to the stability of the Central European region.

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