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Economy minister says that Hungary has begun process of renewal, though faces adversity

National Economy Minister Gyorgy Matolcsy said on Thursday that the Hungarian people and economy have entered a period of renewal, though face a stiff "headwind."

Speaking at a tourism awards ceremony at the Hungarian Parliament Building, the national economy minister asserted that "This is not a hopeless, obstinate country," adding that he is convinced that Hungary’s prospects are among the most promising in the European Union.