Hungary’s government finalized the terms of its 3 per cent home loan programme, expanding eligibility and introducing new support for public servants, while also criticizing an EU–US trade deal and reaffirming its stance on national sovereignty.
Hungary will begin preparatory work to introduce American small modular nuclear technology into the country, FM Péter Szijjártó announced on Wednesday. Through a partnership between Poland’s Synthos Green Energy and Hungary’s Hunatom, the project will utilize GE Vernova’s BWRX-300 reactors to deliver reliable, emission-free power as industrial demand and household energy needs continue to grow.
After the US–EU trade deal, it is impossible to ignore the striking similarities between late Qing‑era China and Europe’s current predicament. The period marking the downfall of the Qing dynasty is known as China’s Century of Humiliation—a process that, in many respects, is already well underway in today’s Europe. Yet our humiliation must not be allowed to last a century.
‘We are no longer living in an age where mere export promotion or trade fairs are sufficient to stimulate economic growth. What Germany lacks is strategic positioning in a geopolitical context that has dramatically changed. That is where we step in. BWA Global Economic Network is Germany’s only institutional framework that consistently thinks in terms of economic diplomacy…’
The euro plunged to $1.1565 on 29 July, down 1.6 per cent since the US–EU trade deal was announced—despite Ursula von der Leyen calling it a ‘huge deal’. Markets, however, delivered their verdict: the agreement heavily favours Washington, leaving Europe with rising energy dependence and economic uncertainty.
The US fast-food chain Wendy’s is reportedly seeking Hungarian franchise partners as it plans to return to the country after a 23-year absence. Wendy’s first entered the Hungarian market in 1994, operating up to seven restaurants at its peak, but exited in 2002 due to financial difficulties.
Coming off the box office disaster that was Disney’s new Snow White, Rachel Zegler could hardly get any new film roles in the United States. She did get cast in a London production of the musical Evita—however, at one of the shows last week, she had to abruptly leave during intermission for mysterious reasons.
After months of negotiations between Brussels and Washington, Ursula von der Leyen and Donald Trump announced a new EU-US trade deal. Though hailed as a success by the Commission President, the agreement disproportionately favours the United States, risking Europe’s strategic overdependence on Washington. Additionally, the deal delivers a serious blow to Hungary’s economy.
‘Every industrial revolution—and we are in the midst of a new one led by the tech aristocracy—goes through motions that breed new speech and social contracts…The real lesson from this debate is for the new tech-right aristocracy to figure out how they want to wield their power to achieve that equilibrium.’
‘When people asked me whether I’m Hungarian or Argentine, I used to say: “I’m 50 per cent Hungarian and 50 per cent Argentine”—until I heard someone saying they were 100 per cent of both. Since then, that’s what I do, too.’