According to the economist, inequality is also much greater in Romania than in Hungary.
"In the media, the conclusion was terribly wrongly drawn that even Romania has overtaken us in terms of living standards, based on the fact that the Romanian consumption per capita is closer to the EU average in terms of purchasing power parity than the Hungarian one.
Hiding in the background is the fact that the Hungarian population saves much more"
Gergely Suppan, the leading economist of the Ministry of National Economy, told Index
"The financial wealth of Hungarian households is several times that of Romanians. So who is richer then? From then on, it is a mistake to say that the standard of living of Romanians is better," Gergely Suppan clarified the question.
The economist also revealed that inequality is much greater in Romania than in Hungary.
"Of course, we also experience inequality, but in Hungary it is not as extreme as, for example, in Romania or Latin America, or even in the United States.
Here we have a noticeable catch-up, just think of how much employment has increased, those who want and can, have the opportunity to work.
It is a fact that there is catching up, the pace of which can of course be debated as to whether it is fast or slow. And who precedes me is often a methodological question"
explained the expert.
Featured image: An eight-month-old pregnant girl sits in the yard of her house in the Roma neighborhood of Craica, Nagybánya, Romania, on September 5, 2013. According to the plans of the local government, the ghettos of the Roma slum called Craica on the outskirts of the city would have been liquidated this year. The city administration would move the Roma into 500 lightweight, modular apartments built on the outskirts of Nagybánya. MTI Photo: Zsolt Czeglédi
