The government is keeping Hungary on track
The Hungarian economy is in excellent shape, growing at twice the EU average now for years.
János Csák, minister of culture and innovation, recalled that in 2010 the country was in a deep hole. Then from 2014 onwards, it started to recover, but now suddenly everything is in danger because of sanctions and energy prices.
Last year, energy — oil, gas and electricity — cost Hungary EUR 7 billion, this year EUR 17 billion. This EUR 10 billion surplus is more than the total annual VAT revenue.
“Next year, this war must end somehow, but until then we must ensure domestic stability,” he said.
EU negotiations are going very well, there will be an agreement, but a responsible government has alternative solutions. Hungary has strong foreign policy relations everywhere, it can collaborate with the big countries. If we cannot reach an agreement with Brussels, we still have the backup plan,” Csák pointed out.
The Hungarian economy is in excellent shape, growing at twice the EU average now for years. Many European economies will shrink next year, but Hungary will be able to grow because the government is helping SMEs, he added.