Hungarian Conservative

Hungarian Prime Minister Viktor Orbán stated that Hungary intends to put forward a significant plan during its EU presidency called the European Competitiveness Pact. He believes that Europe’s biggest problem at the moment is the decline in competitiveness.

Barna Pál Zsigmond went on Hungarian public media to talk about Hungary’s upcoming presidency of the Council of the European Union. He named restoring Europe’s economic competitiveness and advancing the Western Balkan nations towards EU accession as the administration’s two major agenda points for the six-month presidency.

The President of the Hungarian Institute of International Affairs outlined that while the European economy was sluggish in recent years, Hungary was able to continue to grow its foreign direct investments, in large part thank to its relations with China. The author believes that this approach would be advisable to follow for the whole of the European continent as well.

The financial software developer Taxually, the manufacturing company Continest, and the logistics and transportation company United Shipping Hungaria have even made the top 100 on the Financial Times’ list. Minister of National Economy Márton Nagy hosted the top executives of the thirteen Hungarian companies included on the list for a congratulatory meeting.

According to Brussels sources, the Hungarian government’s resistance was in connection with concerns over migration-related policies. However, it may be the case that the Hungarian veto is linked to the almost decade-long dispute with Oslo over the Norwegian Fund.

As regards so-called ‘globalization’, it is becoming evident that—due to technological and supply chains complexities—it is reaching its natural limits. We should, therefore, pay more attention to the rationality of domestic policies.