Hungary's foreign policy is built on the three pillars of the European Union, NATO and neighborhood policy, Bajnai said at the conference sponsored by Pénzügykutató and Allianz Hungária and entitled “Hungary's place in the world.”

States can punch above their economic weight in the international arena if they are unified on the major national issues, he said.

One of the most important new chapters opening up for the EU - Hungary's must important partner - is joint energy policy, the prime minister said. Hungary's energy dependence - mainly natural gas - requires that it should see to alternative solutions and create new transit routes, he said. (MTI-ECONEWS)