Prime Minister Orbán spoke at the inauguration of MOL’s newest mega investment on Tuesday in Tiszaújváros, stating that the Hungarian economy has become increasingly valuable.
‘MOL is Hungary’s most successful company,’ Orbán stated at the inauguration of the polyol plant. The Prime Minister underscored that MOL was a stronghold in difficult times when, during the regime change, it remained the only significant company in Hungarian ownership. ‘The fate of MOL and the Hungarian economy is two sides of the same coin, the essence of which is how to win the 21st century,’ he emphasized. He remarked that the company did not choose to sit on its laurels and instead, under the leadership of Zsolt Hernádi, began its regional expansion.
‘It’s no wonder that MOL is Hungary’s most valuable, diversified company,’ noted the Prime Minister, stressing that the significance of polyol, needed in various industries.
‘It is logical that what is happening with MOL mirrors what is happening with the Hungarian economy, as we have also diversified at the national level. The Hungarian economy has also become increasingly valuable, and its designation is the national strategy of connectivity.
The Hungarian economy also aims to break free from unilateral dependencies,’
Orbán nailed down.
He reminded that soon there will be a need for a massive amounts of energy in Hungary as the most developed industries are being established in the country. He called MOL’s example encouraging, as 300 new specialists will work in the factory that has just been inaugurated.
The Prime Minister emphasized that an important element of the Hungarian industrial strategy is to incentivize Hungarian companies to enter foreign markets using state resources. This is because the Hungarian industry has grown to the extent that Hungary needs to find new industries and new areas to offset the profits taken out of the country by multinational companies and to establish a balance of capital in the Hungarian economy in the coming years. As he stated, according to their plans, alongside the existing 12,000 companies currently operating or capable of exporting abroad, they will help establish 5,000 new SMEs and will support them to reach this level, for which the government will soon announce a programme.
Orbán highlighted that besides a misguided industrial policy, today the greatest danger is war. As he said, in war, there is no need for furniture, textiles, automotive, or any industries. ‘In war, there is only one need: for military supplies and ammunition. In war, labour doesn’t go to factories; it goes to the front lines. There is no demand for anything outside of the military industry, there are no people to work in factories, consequently, there is no purchasing power to ultimately drive the economy,’ he pointed out.
‘In war, everything declines: the economy, the nation, and the people themselves.
There are many in Europe today who would lead the continent into war and drag Hungary into it as well,’ the Prime Minister stated. He encouraged everyone to participate in the upcoming European Parliament election on 9 June, as it will be decisive in the question of war and peace.
The MOL Group’s largest organic investment, the Polyol Complex, has been completed with the close cooperation of MOL and Thyssenkrupp. With the help of the new plant, MOL Petrochemicals aims to become the market-leading chemical company in the region.
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