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

Poland set to receive huge windfall as EU initiates dropping of Article 7 procedure

The EU will close its Article 7 procedure over democratic backsliding against Poland that was…

1 day ago

Romania overtakes Hungary on PPP

Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it…

1 day ago

IMF report shows CEE catching up on southern European neighbours

Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for…

1 day ago

Hungary to ink at least 16 deals with China – FM

Chinese President Xi Jinping will commence a three-day visit to Hungary from Wednesday, 8 May,…

1 day ago

North Macedonia president loses big in first election round

No candidate received a majority of votes in the first round of the Presidential elections…

1 week ago

Czech FM visits Budapest, as Hungary prepares for EU presidency

Hungary will focus on key issues for central Europe during its upcoming EU presidency, Hungarian…

1 week ago