The must-have newsletter about Hungary

Related Articles



Péter Szijjártó, the minister of foreign affairs and trade, on Wednesday emphasised the Hungarian government’s efforts in making Hungary a meeting point for the Eastern and Western economies. He identified the electric vehicle industry as the true meeting point of the East and the West, adding that the major Western car manufacturers would soon shift their focus to electric vehicles. This requires electric batteries which are primarily manufactured in the East by China and South Korea, Szijjártó said. “Hungary by now has become the European champion of the automotive sector’s transition to electric vehicles,” he said. And because construction of Europe’s biggest electric battery plant is not set to get under way until early next year, “Hungary is also a realistic candidate for the world championship title,” he added.
Meanwhile, Szijjártó said the ongoing war and the “flawed sanctions” imposed by Brussels in response to it were pushing the European economy towards a recession, adding that the longer the war went on and the more sanctions Brussels approved, the more difficult things would get for the European economy.