Thursday, March 20, 2014

Quote of the day

"Hungary has a good chance of competing to become Europe’s most industrialised country within the next four years. Large international industrial companies are a must for the development of Hungarian industry and we are very pleased about such plants being opened. But it is even more pleasing to inaugurate an investment project that is in Hungarian ownership." 

A quote from Hungarian Prime Minister Viktor Orban who was at the opening event on Tuesday for an electronic waste recycling centre in Karcag, Hungary. According to Orban, agriculture alone will not be able to provide enough jobs, so industrialization is needed even in traditional agricultural regions of Hungary.

Karcag is in eastern Hungary which is traditionally an agricultural region of the country. Orban also says that in Hungary, industrial production makes up 23 percent of the national economy. The European average is at around 15 percent. Hungary is currently the third most industrialized country in the European Union after Germany and the Czech Republic.

Editor's note: The conservative government of Viktor Orban has made it a priority to re-industrialize Hungary. Eight years of disastrous rule by the former socialist government from 2002-2010 and the membership within the EU, all but destroyed Hungary's once mighty national industry. Hungary's heavy industry was very competitive on the world market at one time. 

Hungary's agricultural sector was also damaged after joining the EU. She was once the breadbasket of central Europe, providing more than enough food for her people as well as exporting surplus to the rest of Europe.  Hungary's industrial and agricultural sectors provided a huge economic revenue for the national economy. Under the EU, Hungary has become an economic colony where all the revenue made leaves the country as the ownership of large companies is in foreign (western European) ownership.

The key to having a strong national industry is to build it up and make it independent of the policies and regulations of a foreign political entity such as the EU. More importantly, the ownership of large companies must remain in Hungarian hands. Four more years of conservative rule in Hungary will mean a stronger industrial and agricultural sector resulting overall in a stronger national economy. The economic situation in Hungary will improve under the guidance of Orban's government. 

Hungary is back on the right track as becoming a strong and independent nation once again. Decades of far-left and leftist rule have caused a lot of damage to Hungary in the last century. She has become a shadow of her former self because of this. Hungarians are more confident and positive today as there is actually a government in power who wants to improve the situation in the country and improve the lives of ordinary people.