Hungarian Conservative

We can say, albeit cautiously, that 2023 was a year of struggle for many of us, but a year of achievements and success, too. If we take the word ‘struggle’ out of the previous sentence, we could even turn this assessment into a New Year’s wish.

In the year 2023, a political mechanism was broken in Hungary: even downturns and runaway inflation could not dramatically alter the balance of political power.

In his year-in-review interview with the Hungarian sports daily Nemzeti Sport, the Prime Minister has also made the claim that ‘the time has come when Budapest cannot further develop to any great degree without the Olympics.’

At the year-end press conference, PM Orbán explained why he chose to veto the €50 billion aid package to Ukraine at the recent EU Summit, how he views the potential Ukrainian and Swedish NATO accession, and what he believes the biggest struggles of 2023 were. He also talked about what hopes he has for the new year of 2024.

It is important to remember that, compared to the stable period of 2017–2018, some 80 per cent of the rise in inflation in Hungary could be attributed to external circumstances, and only 20 per cent to strictly domestic reasons. Taking into account the ambivalent effects of the war situation and the ensuing sanctions, these rates are likely to remain important determinants of inflation developments in 2023.