The recent credit rating upgrade of Hungary reflects well designed economic policy
Under the traditional competitiveness checkup agenda item, the Council focused on the impact of European sectoral value chains on competitiveness and growth. Member States stressed the need for a holistic approach involving all common union policy and the importance of abolishing the existing fragmentation and barriers in the Single Market. László GYÖRGY Minister of State for Economic Strategy and Regulation acknowledged that the internal market facilitates the integration of EU companies into European and global value chains. The role of regional value chains has been recently increased in Hungary. For Hungary the industrial innovation value chains have an outstanding role, driven especially by the strong automotive industry, where the degree of integration of market services into European industrial value chains is relatively high.
Ministers of environment discussed the EU long-term decarbonisation strategy and the emissions reduction for heavy-duty vehicles
Ministers at the Environment Council agreed on the “partial general approach” on LIFE Program and reached a political agreement on the proposed regulation on CO2 emissions reduction standards for heavy-duty vehicles. The ministers had a first exchange of views on the new EU long-term decarbonisation strategy presented by the European Commission the end of November.
Strong joint V4 position to eliminate the dual quality of foodstuffs
Agricultural ministers of V4 countries have expressed their disappointment in the lack of legislation to eliminate the presence of dual quality in foodstuffs at the Agrifish Council held in Brussels, 17 December. Minister István Nagy highlighted that treating Eastern European citizens as second-tier nationals by multinational food businesses is unacceptable.
Stormy debate on migration at the EU summit
In a video message posted on his Facebook account, Prime Minister Viktor Orbán has said that in a stormy session during the Brussels summit Hungary had managed to repel an attack aimed at ensuring that migrants would be given more money and more rights.
The European Union legislation should foster the competitiveness of EU and Hungarian generic pharmaceutical industry