In my intervention I stood up against the distorted competition in CEE markets, due to the obsolete ban on composit insurance undertakings. I am calling on the @eiopa_europa_eu to examine whether it is still valid to uphold this old ban.
Great discussion at today's @EP_Economics meeting on the revision of the #Solvency directive. A stable & resilient insurance sector is of crucial importance under the current economic circumstances.
We need rules that incentivate the sector to invest in the 🇪🇺 economy – something we desperately need. For this, we need to ensure clear & transparent rules, level playing filed & fair competition.
We support Hungarian families
Around 59 000 mothers having four or more children were exempt from paying personal income tax last year in Hungary.
The tax exemption left 25 billion HUF in mothers' pockets last year.
The cherries are harvested by hand by experienced local producers. As proof of its importance, the cherry has even been included in the municipality’s coat of arms. The Cherry Festival, held every June since 1996 in the village of Nagykörű, celebrates the ripening of cherries.
Good news to open the season: @EU_Commission approved a new protected geographical indication #PGI for Hungary: ‘Nagykörűi ropogós cseresznye’ 🍒 covers a variety of large sweet cherries grown in Nagykörű municipality.
Outstanding levels of #employment in #HU:
⬆️ Employment rate is continuously more than 74%.
👥 88.4% of people aged between 25-54 is working.
⬇️ Youth unemployment is below 10%.
This is why we continue building an #economy and #society that is based on work.
❗@matteosalvinimi has called #Hungary's #familypolicy an example to follow on Radio 24 in Italy.
HU is not only family-friendly, but we are also helping families through economic measures, family allowances and tax reduction.
We will keep on working to protect HU families!
#Hungary was the third fastest growing #EU Member State in 2022Q2! Our goal is to preserve the #stability and provide further momentum for our #economic #growth!
Off we go! 🇭🇺
Some good news in tough times: HU's #budget generated a €627.6 mn surplus in July, getting ahead in achieving its end of year #deficit goals.
https://dailynewshungary.com/hungarys-budget-posts-eur-627-6m-surplus-in-july/
Remarkable words by Henry Kissinger, former US Secretary of State, on the RU-UA war: The main role of US should be to work on getting the two parties to the negotiating table.
https://index.hu/kulfold/2022/08/19/amerika-ukrajna-startegiaja-kissinger-intelmei-kiszivarogtatas/
She added that "the precondition for our cooperation is that we are not blackmailed, neither with the money we are owed" nor with the ideologies that Hungarians reject. Hungary wants to increase Europe's strength, to amplify its voice.”
Important words by @KatalinNovakMP, President of Hungary🇭🇺 commemorating the foundation of the HU State:
“When our continent might become a battleground for great powers, we must stand shoulder to shoulder, taking joint decisions for the common good.
We succesfully work on that in HU, our unemployment rate is close to 3%.
Daily food for thought:
A survey conducted among Hungarians, French, Germans, Italians & Brits by @MCC_Budapest found that the solution to poverty in all the above countries was seen in job creation rather than benefits.
The national flag is raised in front of the Parliament.
Happy birthday, Hungary!🇭🇺
Talents are our most precious assets. I'm proud to participate in the selection process of the best 🇭🇺 young brains. The 🇭🇺Gov provides them scholarships to study at the best universities of the world. It's an investment into the future.
We're proud of our talented youth. #stipi
According to #OECD, #Hungary has been most successful in dealing with the war crisis in the region.
HU has minimised the negative effects with the smallest ecomomic setback.
Way to go!
https://www.oecd.org/economic-outlook/
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🇪🇺 Member of the European Parliament
@EP_Economics
@EP_Trade