25 Apr

Fidesz could make or break the ECR's move towards the European mainstream

As the populist radical right-wing parties of the European Conservatives and Reformists (ECR) group in the European Parliament gain momentum before the June elections, their efforts to move towards the center and cooperate with the mainstream could be disrupted by Fidesz's effort to join the group. At the same time, the parties in the Visegrad countries could make or break Fidesz's bid to join the ECR, as they see Russia's war against Ukraine very differently from Fidesz.

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Since shocks cannot be avoided and are likely to occur more frequently in the future, it is crucial to strengthen economic resilience – “the ability of a country to withstand a shock and recover quickly to its potential [growth] after it falls into recession” – on national and regional levels. 

The most often raised issue with SMEs in Hungary is that they are lagging behind larger firms and their western rivals in terms of productivity, which is the added value produced by a worker in a given timeframe. The low productivity, in turn, holds the entire Hungarian economy back.

Digital disruption is happening: further enhanced by the Covid-19 crisis on the social, political and economic levels, EU member states, and V4 countries among them, are rushing to keep up with competitors and level the global playing field. The EU27 need to keep in sight the necessity to maintain focus on cohesion.

The Visegrad region has been hit hard by the pandemic and its economic fallout, but major funds are available to support the recovery and transition to towards a greener and more digitalised economy.

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