PM Orbán Unveils Ambitious Economic Agenda, Vows to Battle for Hungary’s Prosperity
Hungary’s Prime Minister, Viktor Orbán, has unveiled a new economic programme aimed at boosting the country’s economy. The programme, announced at a meeting of Fidesz’s parliamentary group, focuses on various key areas such as affordable housing, income growth, subsidised loans for workers, and capital injections for small and medium-sized enterprises (SMEs).
Orbán’s speech emphasized the importance of economic policy and outlined the government’s vision for achieving economic growth that exceeds the European Union average. He highlighted the impact of global events such as the pandemic and the war in Ukraine, stating that the East was on the rise while the West was declining. Orbán also warned against the dangers of an “economic cold war” being waged by Brussels and the western world.
The Prime Minister stressed the importance of economic neutrality as a path to success, stating that Hungary needed to achieve economic growth beyond the EU average. He outlined plans to steer the country towards stronger growth by 2025 through initiatives such as maintaining neutrality and fostering agreement between economic players, the Chamber of Commerce, interest groups, and employee organizations.
Orbán also discussed measures to support export-ready SMEs, including capital injections and a new action plan. Additionally, the government plans to introduce zero-interest loans for young workers from 2025, similar to student loans. In response to rising real estate prices, the government aims to make housing more affordable by increasing housing construction and reducing mortgage interest rates.
The Prime Minister also addressed the political situation in Europe, criticizing Brussels for its policies on migration and war. Orbán vowed to fight against external pressures and maintain Hungary’s sovereignty, stating, “I am ready to fight, we shall win.”
Overall, Orbán’s new economic programme aims to drive economic growth, support small businesses, and provide assistance to workers and homeowners. Time will tell how these initiatives will impact Hungary’s economic future.
