Czech Republic

Visegrad Countries Discuss Recovery Plans in Warsaw

Reading Time: < 1 minute

Meeting in Warsaw, finance ministers from the “Visegrad 4” (V4) country grouping – Poland, Czechia, Hungary, and Slovakia – discussed post Covid-19 economic recovery plans and investments. They welcomed the global minimum tax proposed by the G7 but said they prefer an international solution in the Organisation for Economic Cooperation and Development (OECD). The 140 OECD countries will discuss the issue online this week as a G7 follow-up.

The V4 finance ministers also debated the environmental contribution/damaging effects of individual energy sources. Their countries are pushing for the inclusion of nuclear power among sustainable energy sources, and the introduction of real conditions for the use of natural gas.

Hungary will make its position known at the OECD and at the EU level, economic minister Mihály Varga said, adding that he had also discussed the proposal with his V4 counterparts as well as with a representative from Italy, which held the presidency of the G20 at the last  Ecofin meeting in Luxembourg on 18 June.

Source: Hungary Today

CET Editor

Recent Posts

Hungary, Slovakia resist EU’s energy, budget reforms amid growing east-west schism

Hungary and Slovakia have emerged as the most vocal opponents of two of the EU’s…

7 months ago

Hungary proposes law to blacklist foreign-funded NGOs, media

Hungarian Prime Minister Viktor Orban's ruling Fidesz party submitted on Tuesday, 13 May a bill…

7 months ago

Centrist takes first round of Poland’s presidential election, to face nationalist in runoff vote

Centrist Warsaw Mayor Rafal Trzaskowski narrowly won in the first round of Poland’s presidential election,…

7 months ago

Dan wins Romanian presidency, calming EU fears over ultranationalist Simion

Independent pro-EU candidate Nicusor Dan won Romania’s presidential election on Sunday, 18 May, defeating far-right…

7 months ago

China’s BYD makes Budapest regional HQ

Chinese electric vehicle (EV) manufacturer BYD on 15 May signed an agreement with the Hungarian…

7 months ago

Regardless of election result, Simion’s appeal to ‘left behind’ has reshaped Romanian politics – CET analysis

First they laughed off George Simion as a fringe agitator. Now, with a commanding first-round…

7 months ago