Szijjarto: the government determined to capitalize on the advance of vaccination
A new operational board to revive Hungary’s economic life after the coronavirus outbreak was officially established in Budapest on Tuesday.
Speaking after the event, Peter Szijjarto, Minister of Foreign Affairs and Trade, said decisions to be made in the coming weeks were about how to capitalize on the lead the country has gained with its vaccination program stellar.
Hungary must achieve economic growth of 5.5% this year in order to provide income tax refunds to families who have borne most of the burden of the outbreak, he said in a video message.
Hungary has gained a considerable competitive advantage thanks to its successful vaccination campaign, he said, warning however that “the competition has not yet been entirely won”.
In the post-pandemic period, fierce competition has arisen among countries for production and service capacities, for capital and skilled labor, as well as in terms of tax systems, Szijjarto said.
The government will come up with proposals over the next two weeks to improve the operating environment for Hungarian businesses and make Hungary a winner in the new economic era, he said. The proposals will also aim to attract an increasing number of foreign investment to Hungary, expand employment opportunities as well as import added value and new technologies, Szijjarto said.