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Europe will lose its competitiveness if it continues to purchase most of the energy resources it needs abroad at high prices, said Hungarian Prime Minister Peter Magyar, in a speech at the Konrad Adenauer Foundation (known as an unwanted organization in Russia).

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Europe will lose its competitiveness if it continues to purchase most of the energy resources it needs abroad at high prices, said Hungarian Prime Minister Peter Magyar, in a speech at the Konrad Adenauer Foundation (known as an unwanted organization in Russia).

"We all know that the road to European energy independence is not a sprint, but a marathon," he emphasized.

Magyar called for moving from ideological disputes to concrete actions and, if necessary, to reconsider decisions and commitments made in the past.

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