Minister for National Economy Márton Nagy presented the new competitiveness strategy for 2024–2030 adopted by the government at a press conference held in Budapest on Monday. According to him, economic growth between 2 to 3 per cent is expected this year.
At a press conference titled Park City or Rákosdubai, Budapest Mayor Gergely Karácsony stated that in April they will launch a month-long online voting process where every Budapest resident over the age of 14 with a registered address can express their views on the investment plans for Rákosrendező.
Catholic kindergartens will be able to accommodate fourteen thousand more children with the support of the Catholic Kindergarten Programme. The programme is not only implemented in Budapest and major cities, but also in smaller towns and villages, representing a significant step forward in the lives of Hungarian families.
One of the EU’s appeals is its ability to integrate economic regions in its immediate neighbourhood, where it can reap mutual benefits. This is also true for the candidate countries of the Western Balkans, whose future membership has geopolitical and security policy benefits in addition to economic advantages.
Norbert Baráth, the CEO of Speedwolf Sports Organization, emphasized in a press conference that such a prestigious Speedway event has not been held in Hungary since the sport’s inception.
László Botka, the mayor of Szeged, called the signing historically significant for both the city and Hungarian economic history. He welcomed the close cooperation between the Szeged local government and the government on the matter, saying that the common goal is the quick construction of the factory.
According to press reports, BYD Auto Hungary has been registered with a capital of approximately HUF 192 billion, which is twice the annual budget of the city of Szeged, where the Chinese auto giant’s new plant is scheduled to begin production next year.
Despite constant criticism from the left, Hungary is one of the few EU countries that have managed to fully draw down the EU funds for the 2014–2020 period. The €32.08 billion has been allocated to several tangible projects in recent years.
The project involves the design and implementation of special measurement methods for the quantum microscope, which, according to their knowledge, would introduce a unique device to the market, as no quantum sensor combining such components currently exists.
The establishment of the Hungarian-American Trade Chamber–Chicago was underscored as a pivotal moment in promoting Hungarian-American economic collaboration.
A recent survey revealed that three-quarters of Hungarians (76 per cent) support the purchase of modern military technologies and the pay hike for soldiers, while two-thirds (69 per cent) are in favour of increasing the size of the defence forces.
Termed the ‘Oscars of tourism,’ this accolade not only crowns the Liget Budapest Project as Europe’s most comprehensive cultural urban development but also positions it as the paramount tourism development globally.
Speaking at the National Tax Consultation event organized by the National Tax and Customs Administration (NAV), Finance Minister Mihály Varga stated that with the change in the tax authority’s mindset, NAV has succeeded in becoming a customer-friendly office. He highlighted that NAV has fulfilled the task of renewal, evident in the significant improvement in its public perception since 2010.
The researchers affiliated with the applied chemistry department of the University of Debrecen have been engaged in a prolonged exploration of the usability of renewable energy and its storage possibilities.
On the basis of the ten-point proposal developed by the Ministry of Economic Development, the Hungarian government is launching a 2.9 billion forint Automotive Supplier Development Programme to enhance the role of Hungarian businesses as suppliers of multinationals in Hungary.
A trial period for the app will start in April with the involvement of several tens of thousands of users, and will be launched for citizens across the board in September. From that time on, citizens will be able to use the DÁP app for identification if requested by police, submitting applications to authorities for certificates or for any other interactions with the state administration.
János Csák, the Minister Responsible for Culture and Innovation mentioned as a positive example that the Széchenyi István University has integrated into Győr’s economic life, and the new Scientific and Innovation Park strengthens cooperation in the field of research, development, and innovation.
According to a statement from the Ministry of Foreign Affairs and Trade, Péter Szijjártó highlighted during the inauguration of the new office of Aldi International IT Services that the establishment of the IT service centre will create fifty highly skilled jobs. The state supported the 1.2 billion HUF investment with 120 million HUF.
Next year marks the 170th anniversary of Dreher Breweries, which will embark on its largest-ever investment programme, valued at over 100 billion forints, the most massive development in the history of Hungarian brewing.
Recent Nobel laureate Katalin Karikó, a Hungarian biochemist living in the United States and a professor at the University of Pennsylvania and the University of Szeged, stressed to Hungarian news agency MTI that it is not awards that serve as motivation for her research but rather the awareness that people are suffering and solutions must be found to help them.
According to the Ministry’s statement, Minister Szijjártó spoke up during a meeting following the EU Foreign Affairs Council on the proposals regarding security guarantees for Ukraine. These proposals could provide €20 billion of support for arms shipments and the deployment of a training mission in Ukraine over the next four years.
The effectiveness of the Hungarian-developed candidate drug has been confirmed by numerous studies conducted on various human cancer cell lines, and animal experiments on hormone-independent aggressive breast cancer models also clearly demonstrate its exceptional efficacy.
Hungarian President Katalin Novák hosted a gala dinner on Monday in Budapest to honour the two new Hungarian Nobel Laureates: Katalin Karikó and Ferenc Krausz.
In an interview with feol.hu, President Novák stressed that the success of Hungary’s recent Nobel laureates is further proof that Hungary had and still has excellent teachers. She added that the country must create the conditions for both the moral and financial appreciation of educators and acknowledged that ‘we’re not doing well’ in that respect.
As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits.
Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary.
In his remarks at the inauguration of a new granulation plant established by Swiss Omya in Eger, Minister of Foreign Affairs and Trade Péter Szijjártó highlighted that this year a record €6.5 billion worth of foreign investments have materialized in Hungary, demonstrating that international trust in the Hungarian economy remains unbroken.
After the announcement yesterday of Katalin Karikó being awarded the Nobel Prize in Physiology or Medicine in 2023, a wave of congratulations poured in from Hungarian politicians. She also shared some thoughts about her scientific journey and life philosophy in a brief, first telephone interview.
Katalin Karikó and Drew Weissman have been awarded the 2023 Nobel Prize in Physiology or Medicine for their development of mRNA-based vaccine technology, which has been successfully used in the fight against the COVID-19 pandemic.
Csaba Lantos stated that to aid families, the government continues to provide reduced utility prices, making Hungary home to the cheapest household natural gas and electricity prices in Europe.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.