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Hungary’s economy minister meets German economy, finance ministers

Visits

Cooperation between Hungary and Germany in the roll-out of "industry 4.0", the next industrial revolution, was among the topics Hungary’s National Economy Minister Mihály Varga discussed with economy minister Sigmar Gabriel and finance minister Wolfgang Schauble of Germany in Berlin yesterday, Varga told Hungarian news agency MTI.

Varga met the above-mentioned officials yesterday while participating in a conference organized by the Eastern Europe Business Association in Berlin.

Varga said discussions also included the issue of Volkswagenʼs rigged diesel engines, and the fact that the scandal has not affected the market in the way that was earlier expected, is reassuring, MTI reported citing the economy minister.

Germany continues to offer its support on the matter of eurozone members making decisions that are acceptable to European Union member states that have not yet adopted the common currency, the minister said according to MTI. This sends an “important message” to Hungary and to the Visegrad Group countries including Poland and Czech Republic, Varga added, according to MTI.

With last year’s introduction of the revamped HUF 10,000 banknote and this year’s introduction of the revamped HUF 20,000 banknote, analysts expect the introduction of the euro in Hungary to be delayed. Hungaryʼs Prime Minister Viktor Orbán said in June that the introduction of the euro could be postponed for decades.

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