The Visegrád countries are becoming an increasingly important economic and political force within the European Union. Even the liberal Der Tagesspiegel writes that the Visegrad Cooperation countries can save the German economy, not China or the Far East.
An article from the liberal Der Tagesspiegel at the end of March praises the Visegrad countries. The author of the article, Christoph von Marschall, in his article Die Boomregion liegt vor der Haustür (The Booming Region Lies at Our Doorstep) explores the economic opportunities in the Visegrad Cooperation established by the cooperation of Hungary, Poland, the Czech Republic and Slovakia - comparing it with China - he examines the writing the Mandarin.
The author points out: at the level of numbers, trade with the countries of the Visegrad Cooperation accounts for a larger share of German exports than the role played by China in terms of the German foreign economy. Referring to a German panel of experts (Experten des Ostausschusses der Deutschen Wirtschaft), Von Marschall claims that Germany can also rely much more on the countries of the Visegrad region during the recovery from the coronavirus crisis than on the Asian superpower (now we can safely call it China).
The author explains that the reason for this could be, for example, that although China is a stronger factor in terms of its economy and population, the countries of the Visegrad Cooperation are indeed competitive due to their geographical proximity and the short supply chains within the European Union. In the region, Poland is particularly strong, with dynamic growth in recent decades.
The author also writes about Hungary. He points out that with a turnover of 52 billion euros, our country is ahead of much larger countries in the foreign trade rankings. Among these, he cites Russia as an example, which produced a turnover of only 45 billion euros with the Germans (and Slovakia, with a population of 5.5 million, had a turnover of 28 billion euros, ahead of India). According to the author, the Czech Republic, which is the largest supplier of the German automotive industry, is also not much talked about in Germany about the continuous increase in purchasing power (while the country has overtaken Spain in the meantime).
The full article HERE .
Cover image: MTI
