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Conditions are not very favorable, we are in a conference call, but we cannot do anything else due to epidemiological rules. At the same time, the economy must live and function, he continued.
The President of the Chamber then presented the most important Hungarian macroeconomic indicators up to and including 2019. He stressed that in 2017, investment growth started at a much faster rate than in the EU or V3 countries.
You can see the results of Foreign Minister Péter Szijjártó’s work, he evaluated.
He then turned to the epidemic, which he said was a global health emergency. During the defense against the second wave, the economic aspects prevail better: László Parragh assessed the situation.
I do not agree that the Hungarian economy is in trouble. 80% of the economy is performing poorly and these sectors must be counted
the express. It is necessary to continue strengthening national companies, especially in key sectors: food, construction, automotive, defense and space.
He recalled that during the first wave of crisis management, they were regularly consulted with the government on a weekly basis.
A strong country needs a strong economy and that requires strong business, he said. Then he turned to the steps of financial support, favorable credit opportunities. The chamber played an important role in the implementation of EIDHR projects, highlighting the Modern Business Program.
According to him, the payment of money in Brussels is slow.
Main problems on farms
Among the main problems, he mentioned the persistence of the economic and health crisis caused by the coronavirus. According to him, there is a change in the economic model, which includes a technological transformation. He also listed conscious investment restriction here. Among the Hungarian economic problems, he ranked the increase in the delinquency rate, the risk of a wave of massive bankruptcies, chained debts, the combined appearance of unemployment and labor shortages, the reduction of export volumes and the appearance of inflation. .
He also spoke separately about the characteristics of the industries that became vulnerable to the crisis. He recalled that the forced restrictions caused commotion, just think of restaurants. The risk of a wave of bankruptcies is widening widely and this could have indirect effects, destroying the tissues of the economy, he explained.
He proposed here a soft loan for micro-enterprises and offered his cooperation to the government.
What answers can we give to the problems?
We can address this crisis with a wide range of efforts, and we have done so successfully over the past year, he said. Direct assistance to sectors in distress due to health coercion is inevitable, he said.
Reduce the bureaucratic burden on companies, further fine-tune the growth-friendly tax system, he continued with his proposals.
According to Parragh, swift action must be taken and resources must be used in a targeted way.
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