The Minister of Economic Development gave a presentation at the conference of the Knowledge Center for Public Life in Szadsadvig, and spoke about the foundations on which the Hungarian economy is based and the reasons for its success. The first and perhaps most important thing that Martin Nagy highlights is political stability, i.e. predictability that is more attractive to foreign investors.
At the same time, the Minister highlighted two important features of society as well, which provide a suitable basis for the long-term growth of the Hungarian economy.
One of them is the family-based society, whose goal is to ensure that the population does not decline, but rather increases, thus achieving the demographic transition. The second important milestone is a work-based society, which aims to ensure that everyone who wants and can can work, thus keeping unemployment low for a long time.
According to Marton Nagy, a high investment rate is essential for the economy to grow permanently and create permanent jobs. According to the Minister of Economy, this requires a stable and diversified flow of foreign direct investment. He recalled: In the past decade, it was possible to diversify the unilateral flow of capital directed towards the West, and attract Eastern capital.
In addition, the Minister emphasized that the government has made many changes in the financial system in the past ten years so that these sectors can operate more efficiently. One of them is self-financing, thanks
In the past decade, Hungary has been able to put a significant portion of its debt into the hands of the population.
According to him, this is particularly important because if the country’s debt stock is abroad, the country pays interest abroad and is even dependent on various foreign interest groups.
In his presentation, Marton Nagy emphasized that the greatest work remains achieving the demographic transition and implementing the digital economy, because by improving this, competitiveness and innovation can be stimulated.
