Hungarian Conservative

‘If we disrupt the triple unity of competitiveness, preserving the quality of our created world, and ensuring food security, then the system will not be sustainable. Farmer protests draw attention to the fact that access to agricultural subsidies is too difficult, and with the prioritization of Ukrainian interests, European farmers feel that they are not receiving sufficient protection,’ Agriculture Minister István Nagy stated in a press briefing in Brussels.

The minister noted a ruling by Hungary’s Supreme Court, declaring that Budapest could not be even partially exempt from its obligation to pay its taxes. Varga said if the Budapest city council failed to meet its obligations, the government ‘will follow the given legal provisions along the clear decisions taken by the judiciary’.

According to the Hungarian Prime Minister, it is ‘easy to predict’ that Vietnam will emerge as one of the winners of the coming era. ‘Such transformations herald opportunities as well as risks. We see the new world economic era as an enormous opportunity for Hungary, since Hungarians are an Eastern people by origin,’ Viktor Orbán nailed down.

According to the ten-page study by the international credit rating agency, the stable outlook is supported by the region’s expected robust macroeconomic performance. In addition, the economies of the countries in the region have been relatively resilient to the European energy supply crisis.

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.

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.

The family policy of the Hungarian government, among other things, supports the country’s youth through family benefits that can be availed during their higher education, as well as income tax exemption for individuals under 25 and mothers under 30.

‘Since Viktor Orbán became prime minister, his country has had one of the strongest economies in Europe. While the economies of Germany and France have been sputtering and stumbling, Hungary has continued to set an example of economic prowess and strength that much of the rest of Europe would be wise to follow,’ Larson wrote in his analysis published by The European Conservative.

The Central Statistical Office released its data for the month of November 2023. The press release pointed out that the number of employed individuals reached 4,736,000 in Hungary.

‘It may very well be that in a few decades’ time, it will become clear to all analysts that the US’s rise to being a hegemonic power has carried the seeds of its downfall, too.’

As it was pointed out by the Hungarian Competition Authority, the extraordinary resources required for AI technology are presently monopolized by the largest technological giants, potentially distorting market competition in digital sectors in the future.

According to the minister’s briefing, this brings the total amount of EU funds allocated to Hungary in the past days to a substantial 470 billion forints. Last Thursday witnessed a transfer of €779.5 million (equivalent to 300 billion forints) from the recovery funds.

Péter Szijjártó pointed out that Hungary managed to achieve great results despite the fact that the global economy underwent significant crises last year, as indicated by global data. The amount of investments made worldwide decreased by 12.5 per cent from 2021 to 2022. In the first half of last year, an additional 30 per cent decrease was recorded.

Tristan Azbej explained that through these amendments, Hungary will not only provide humanitarian aid but also contribute to economic development and peace-building efforts.

In her speech, President Novák of Hungary recalled the most memorable events of 2023, a year ‘when there was reason to rejoice, to be proud,’ including Pope Francis’s visit to Budapest, the Nobel Prize awarded to Katalin Karikó and Ferenc Krausz, the World Athletics Championships held in Budapest, and the Hungarian national football team’s qualification as group winners for the European Championship.

Under the scope of the Union’s REPowerEU programme, €779.5 billion have been transferred to Budapest and the amount is now included in the government budget, Finance Minister Mihály Varga announced today. According to Minister for Regional Development Tibor Navracsics, an additional €445 million will also arrive from Brussels soon.

BYD, the world’s leading electric vehicle manufacturer based in Shenzhen, China is opening a new factory in the southern Hungarian city of Szeged. Foreign Minister Péter Szijjártó has called it ‘one of the biggest investment projects in Hungary’s history’.

The base interest rate has been cut for the third consecutive time, something that has not happened since 2020. These developments will greatly help eople who are looking to take out a mortgage, a business loan, or invest some money in stocks listed on the Budapest Stock Exchange.

The political director of the Prime Minister emphasized that the EU treaty is unequivocal: expanding the EU requires the consent of the member states, and Hungary’s rights cannot be restricted beyond a certain extent by any procedural rule.

The most characteristic phenomenon of modern industrial capitalism in Chesterton’s assessment is the development and creation of the so-called ‘trusts,’ economic monopolies that deliberately strangle small businesses, while not infrequently operating as a criminal consortium, intertwined with political and state power.

Regarding the acceptance of the fifty billion euros financial package for Ukraine, he noted that it would have meant a serious and immediate detriment to Hungary. ‘We see that the European Union wants to finance a failed strategy, and it makes no sense whatsoever,’ he expressed.

According to a statement from the ministry, Péter Szijjártó stressed that the German-owned ZF Chassis Modules Hungary Ltd will manufacture shock absorbers, as well as front and rear axles for electric cars produced from 2025 at the BMW plant in Debrecen and the Mercedes plant in Kecskemét.

The Prime Minister said the EU was in the habit of making bad decisions, and he listed the 2008 financial crisis and migration as examples, as well as the decision regarding the war in Ukraine to go ‘towards war and sanctions’ rather than in the direction of peace.

Photographs and television footage from the inauguration revealed a meeting and exchange of words between PM Orbán of Hungary and President Zelenskyy of Ukraine. According to the Hungarian PM’s chief press secretary, the two statesmen were discussing the ongoing negotiations about Ukraine’s potential EU accession.

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local governments, at the end of November.



At an award ceremony recognizing excellence in tourism, State Secretary Csaba Dömötör acknowledged the resilience of the Hungarian tourism sector, standing on multiple pillars, diverse experiences, and the commendable dedication of the awarded professionals.

The establishment of the Hungarian-American Trade Chamber–Chicago was underscored as a pivotal moment in promoting Hungarian-American economic collaboration.

At the inauguration ceremony of the new unit at the Dunaharaszti plant of Coca-Cola HBC Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó highlighted that US companies now constitute the second largest community of investors in Hungary.

There have been misleading press reports suggesting that now Hungary lags behind Romania, based on Eurostat’s fresh data that say that in 2022, Hungary’s GDP per capita at purchasing power parity was 76.6 per cent of the EU average, while in Romania, this ratio was 76.7 per cent. The economic researchers at the Nézőpont Institute investigated whether Romania had indeed overtaken Hungary in economic terms. ‘Based on Eurostat’s data, the answer is simple: no,’ researchers assert in a statement.

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.