Hungarian Minister of State for Parliamentary Affairs László Szabó hailed the joint economic successes of Poland, Slovakia, the Czech Republic and Hungary at a Visegrád 4 Chamber of Commerce Forum on Friday, September 16.

“Together, the countries of the Visegrád Group – Hungary, Poland, the Czech Republic and Slovakia – represent a highly attractive investment destination; their economic growth and most indices concerning their expected future performance all exceed the European Union average,” said Szabó on Friday, September 16.

“Visegrád cooperation has led to the establishment of the world’s 15th most important economic power,” added Szabó. Szabó also remarked on the significant economic transformation Hungary has undergone since 2010, citing a historically low unemployment rate of just 5%, down from a high of 11.8% in 2010.

In reference to the migration crisis, Szabó also reaffirmed the V4's commitment to cooperation and, while Brexit will pose yet another challenge to the EU, said it also presents an opportunity for reform.

At the conference, President of the Hungarian Chamber of Commerce and Industry (MKIK) László Parragh expressed confidence in the strength of the Hungarian economy. “The major economic policy decisions made in Hungary following 2010 were arrived at after consulting the Chamber of Commerce and Industry,” Mr. Parragh said.

(Ministry of Foreign Affairs and Trade/MTI)