‘Hungary is set to take over the rotating EU Presidency in July 2024, a development that has provoked mixed feelings among certain political factions…Nonetheless, Hungary has proven to be a formidable participant in these disputes, fully aware of its rights within the EU legal framework and prepared to advocate for them vigorously.’
The President of the Hungarian Institute of International Affairs outlined that while the European economy was sluggish in recent years, Hungary was able to continue to grow its foreign direct investments, in large part thank to its relations with China. The author believes that this approach would be advisable to follow for the whole of the European continent as well.
According to EBRD’s forecast, Hungary’s Gross Domestic Product (GDP) is projected to expand by 2.2 per cent this year and by 3.5 per cent next year.
Hungary is the most attractive investment location in the Eastern Europe and Central Asia region according to Site Selection Magazine’s Global Best To Invest. In recent years, Hungary has experienced a significant surge in investment from Eastern countries, particularly China, while Germany continues to be one of the top investors in the country.
‘As opposed to the European mainstream, which proclaims multiculturalism but in reality wraps itself up in cultural arrogance, Hungary’s openness and pragmatic stance towards the seven eighths of the world that is outside the Western realm already confer an advantage upon us. If the framework of the world as we know it crumbles against our will, this cultural openness of ours may well supply the footing for us from which to enter the next period with confidence. For navigare necesse est—Sail we must.’
The European Commission has accused Eurovision organizers of ‘handing a gift to Eurosceptics and enemies of Europe’ by prohibiting fans from bringing the EU flag to Saturday’s final. This is just one of the many signs of tension felt among the progressive liberal elite, linked to the forthcoming European elections, where right-wing parties dominate the polls across the EU.
‘I think the Biden administration behaved and spoke recklessly about Ukraine in the run-up to the war, and about the Ukrainian prospects for NATO accession and joining the EU—even though the United States obviously can have an opinion about that, but it’s not part of that process, while it is part of the NATO process. Whereas Trump had more of a carefully mixed record.’
The European Parliament (EP) elections to be held from 6 to 9 June 2024 will be the tenth opportunity in the history of the integration for EU citizens to come to the polls. Whether Ursula von der Leyen remains President of the European Commission is still uncertain, with several other possible candidates emerging.
Marking 80 years since over 550,000 Hungarian Jews were murdered during the Holocaust, the 20th March of the Living was held in Budapest on 5 May. This year’s march also honoured those murdered during the 7 October Hamas massacre.
The Hungarian Foreign Minister was in London on Wednesday for talks with his UK counterpart, David Cameron, discussing the war in Ukraine, migration, and energy issues. Péter Szijjártó also participated in a panel discussion at the Royal Institute of International Affairs, arguing, among other things, for the need to replace the Brussels leadership.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.
