Viktor Orbán: there is life in the Hungarian economy even without EU funds

By RockedBuzz 5 Min Read

Viktor Orbán defined at the ceremony held on the event of the Day of Hungarian Entrepreneurs that the indisputable fact that 2023 was protected in this fashion, progress will clearly return in 2024, and in the meantime “not a single penny” of EU help has come to Hungary, clearly reveals: it is attainable to prepare the financial life in such a approach that the progress of the economy is constructed solely on personal sources or on market-based sources, as a substitute of or without the monetary transfers customary in Europe.

This doesn’t imply – continued the prime minister – that the “few billionaires” that Europe owes shouldn’t be pushed in, but it surely is essential that the Hungarian economy has self-confidence.

Viktor Orbán additionally touched on the have to keep away from the lure of credit score, power costs and consumption in the future. He identified: the inhabitants was in a position to keep away from the lure of power costs, but it surely was a burden for entrepreneurs. He added that the authorities can’t keep away from the lending lure by itself, though they’re making an attempt to cut back rates of interest with “strategies that violate the powers of the central financial institution”however this doesn’t change the indisputable fact that the willpower of the rate of interest in Hungary is a part of the financial coverage and is managed by the central financial institution.

He stated: The personal success of Hungarian entrepreneurs is a prerequisite for the nation’s public success, so the authorities is not envious of entrepreneurs’ capital, however on the opposite, needs each entrepreneur even larger success, even larger enterprise income and additional growing capital.

We have a authorities that believes a rising tide lifts all boats.”

– he stated.

The prime minister additionally touched on the indisputable fact that whereas entrepreneurs are motivated by revenue, they hope for personal profit from enterprise transactions – and “that is proper, it is referred to as the market and personal property” – on the different hand, the motivation of politics is to make the economy work for the good thing about the nation.

This is true even if it is the identical case – he indicated, utilizing for instance the repossession of the Budapest airport, which, in keeping with his evaluation, is a enterprise case for the entrepreneur and a nationwide financial concern for the authorities.

The Prime Minister summarized in 4 factors how the personal pursuits, personal income and enterprise affairs of the entrepreneur contribute to the public curiosity.

He referred to as the most essential contribution that entrepreneurs make to folks. In addition, entrepreneurs pay taxes, contributing to widespread bills, and are in a position to stabilize the operation of the Hungarian economy with their capital, and the fourth essential contribution is that if Hungarian entrepreneurs didn’t function companies, foreigners would accomplish that, and the income would depart the nation.

He warned: one mustn’t purchase into the fantasy that cash has no scent. “The proprietor has it,” he famous, including: subsequently, it doesn’t matter in any respect who has the cash and capital.

He recalled: he discovered in 2008-2009 that as quickly as the banks in Europe began to dry up, the overseas banks in Hungary instantly began taking their funds dwelling in order that they may finance their corporations at dwelling. From this, we drew the conclusion that fifty % of the Hungarian banking system should at all times be in nationwide palms, as a result of we will be unable to forestall such and comparable crises – he indicated.

The head of presidency recalled the determine of Sándor Demján, who died 5 years in the past, with whom the Széchenyi card was invented, amongst different issues. Sándor Demján additionally confirmed that there is such a factor as left-wing patriotism, with which the proper can even discover cooperation. The concept of ​​the coverage of opening as much as the east truly comes from Sándor Demján – Viktor Orbán regarded again, recalling that in 2009 they traveled to China collectively to make contact from the opposition.

Cover picture supply: EU

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