‘We aim to draft a manifesto that sheds light on an alternative kind of capitalism—primarily beneficial for domestic business circles—which we refer to as “inclusive capitalism”. It is important to emphasize that our goal is not solely to outline inclusive capitalism but to formulate what we term “capitalism alternatives”.’
In recent years the real estate market in Budapest has seen dramatic price increases. The price of newly built flats rose by 13.9 per cent within a year, reaching an average of 3,260 euros per square metre in 2023. Rental prices have also continuously risen: the average monthly rent per square metre increased to 11.3 euros, further exacerbating young people’s housing difficulties. Purchasing an average new build property in Budapest requires 10.4 years of gross average earnings, placing the city in the middle range in European comparison.
The online conference presenting the varied and numerous activities of the organizations of the Hungarian American community in North California was held on 25 October, following up on the first part of the event that took place on 27 September.
The atmosphere surrounding Viktor Orbán’s visit to Georgia remains charged, with Swedish Prime Minister Ulf Kristersson accusing the Hungarian Prime Minister of being pro-Russian. In response to this statement, the Hungarian Ministry of Foreign Affairs and Trade has summoned Sweden’s ambassador in Budapest.
‘Hungarian law explicitly forbids public spaces from bearing the names of individuals who played a part in establishing, consolidating, or perpetuating the totalitarian political regimes of the 20th century. Those who respect Horn’s accomplishments in his later years as prime minister or his contributions to the political left are entitled to their views, yet such respect cannot override the concerns regarding his actions during the Communist dictatorship. Especially not in Budapest—in the city of the Pest Lads.’
Despite BRICS countries’ impressive recent expansion and acquired regional and international leverage both economically and politically, the US dollar’s position as the global reserve currency seems unshakable at present…Upon examining the situation globally, it can be observed that 90 per cent of all foreign exchange transactions in the world were conducted with the help of the US dollar.
The second ministerial-level meeting of the EU accession conference with Albania was held in Luxembourg on 15 October. The aim of the meeting was to start accession negotiations with Albania and open Cluster 1; Tirana has thus taken another step forward on the road to European integration.
‘Family, school, church, scouting. The combination of these four elements is the only way the Hungarian diaspora can survive in North America. Despite the lack of a perceivable enemy today, we give up ourselves,’ 1956er Gyula Varga, former principal of the Széchenyi Hungarian School and Kindergarten in New Brunswick and an active scout, said in an in-depth interview.
An in-depth interview with Zoltán Vass, son of a Transylvanian minister, who emigrated from Transylvania, Romania to America, initially to New York, then Hollywood, ultimately settling in Toronto 29 years ago as the minister of the First Hungarian Reformed Church. He also serves on the Board of the Hungarian Diaspora Council.
The Israeli Defense Forces have killed the last surviving senior Hamas leader, Yahya Sinwar, in a firefight. While this is a significant step forward for Israel in its war against the terrorist organization, it is far from the end of the conflict, as both Israeli and Palestinian reactions have indicated.