Nagy: American and Hungarian relations must be placed on a new foundation

Márton Nagy, National Economy Minister, said American and Hungarian relations must be placed on a new foundation, a new golden age in bilateral relations may dawn.

Minister Nagy said the government is eagerly awaiting the start of Donald Trump’s presidential term. The government expects the new presidential term to bring an end to the Russian-Ukrainian war and that peace would mean physical and economic security and confidence for families and businesses, which could lead to increased consumption and investment.

The minister said the government sees four main areas for the rebuilding of relations, including restoring an agreement to avoid double taxation, easing visa rules, restarting direct flights between Budapest and the most important American cities like New York and Washington and achieving that the US is once again among the top three investors in Hungary.

Minister Nagy added that the Hungarian government is also awaiting the new American ambassador as “revenge and scheming” must come to an end.