Budapest, 12 November 2026 – “In the volatile geopolitical and global economic environment, it is crucial to strengthen balance and stability, which are the foundations of sustainable economic development,” according to MNB Governor Mihály Varga, speaking at the Kisalföldi Prestige Award ceremony. Governor Varga highlighted that Győr-Moson-Sopron County’s economic performance, innovative mindset and strong culture of cooperation represented a stable, reliable anchor for Hungary’s economy.
Varga underlined that Győr-Moson-Sopron County had traditionally been a major driving factor in Hungary’s economy, responsible for generating 5 percent of the country’s GDP. As he had previously noted, the region’s outstanding performance stemmed from cooperation and the innovative mindset of its local actors, in addition to its favourable geographical situation. The Governor pointed out that one important prerequisite for economic development was that corporations, scientific institutions and local communities were able to harmonise their efforts. He added that Győr-Moson-Sopron County’s power was that it was open to innovative thinking and international initiatives while preserving its local values and its cooperation-based approach. He underlined that the MNB’s new management considered market participants as key partners. Accordingly, one of the first measures taken by the MNB’s new leadership was to conclude a cooperation agreement with the Hungarian Chamber of Commerce and Industry, which – amongst other things – extended to conducting joint research and surveys and sharing the results. Praising the significance of the Kisalföldi Prestige Award, Governor Varga noted that for a quarter of a century the Award had showcased companies that contributed to the region’s development through their economic performance and community-building activities. Over the past 25 years, approximately 150 corporations had received the award, all of which continued to operate successfully to this day. Looking to the future, he added that cooperation, innovation and recognising the accomplishments of others would continue to play a decisive role in preserving the region’s economic vitality and stability.
Magyar Nemzeti Bank