Speaking after a meeting of the EU’s finance ministers in Brussels yesterday, Varga noted in a statement issued by his ministry that the impact of the U.K.ʼs departure from the EU could shave 0.3-0.4% off Hungaryʼs economic growth in the coming years, Hungarian news agency MTI reported.
Ministers attending the meeting agreed that the efficiency of the banking system in the area needs to be improved as a measure of defense against the impact of Brexit, Varga reportedly said. He added that the particular economic characteristics of individual member states need to be weighed more carefully when establishing strategic goals, MTI reported.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
