Access to the single market is the key to Hungary’s accession to the EU-MP

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Hungarian Prime Minister Viktor Orban addresses a business conference in Budapest, Hungary, June 9, 2021. REUTERS / Bernadett Szabo / File Photo

BUDAPEST, Sept. 17 (Reuters) – Hungary must remain a member of the European Union to ensure continued access to its single market, Prime Minister Viktor Orban said on Friday, adding that the country would be among the last to leave the bloc. ‘he was. disintegrate.

Hungary and Poland are both at loggerheads with Brussels on issues ranging from LGBT rights to press freedom. In July, the European Commission launched legal action against the two men for discriminatory measures against the gay community.

The Hungarian Public Debt Agency (AKK) raised the equivalent of 4.4 billion euros ($ 5.2 billion) in global markets this week, far more than expected to help cover a likely delay in money from the EU’s COVID stimulus fund.

Conservative nationalist Orban said that for Hungary, a net recipient of EU funds, the main reason for staying in the EU was not money coming from Brussels. He also said this week’s debt sale showed Hungary to be financially strong.

“If you look at the whole year, we get more money from Brussels than we pay. But if you subtract the amount of money (businesses) from the West repatriated from the country each year, the balance is negative,” he said. Orban said on public radio.

“The EU is important to us because it offers Hungary a market,” he said. “We have to stand up for the EU and stay there. That is why I say that no matter how much it cracks and crackles, we will be among the few still in the Union if this were to end.”

Orban, who faces a close election next year, used a 9% corporate tax rate to attract major investments in its automotive and manufacturing sectors that have boosted economic growth and jobs, helping Orban to refine a solid economic management image.

Orban said this year’s economic growth is likely to exceed 5.5%, paving the way for a series of measures to support major voting groups ahead of parliamentary elections slated for next spring.

Orban will address lawmakers about the government’s plans during the inaugural fall session of parliament on Monday.

($ 1 = 0.8498 euros)

Reporting by Gergely Szakacs Editing by Mark Potter

Our Standards: Thomson Reuters Trust Principles.

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