Hungarian Conservative

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.

According to the Hungarian government, ‘preserving the ethnic foundations is our joint responsibility’, and as long as that exists, the politics based on ethnic groups also has a future, the Hungarian prime minister said.

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.

Hungary’s economy expanded by 0.9 per cent in the third quarter of this year compared with the previous quarter, adjusted data show, and contracted by 0.4 per cent year on year, based on unadjusted data, the Central Statistical Office (KSH) said on Tuesday.

Unlike the existing conditions, CSOK Plus does not distinguish between new and used residential properties. New homes are generally more expensive, which means that the same amount of money will buy a smaller property. However, the good news for buyers is that 80 million forints might be sufficient for purchasing a multi-room new apartment or house. On the other hand, new constructions are often more energy-efficient and have more modern layouts compared to properties that are several decades old.

In his regular Friday morning interview with public Kossuth radio, Viktor Orbán addressed issues such as migration, the economy and Ukraine’s EU accession.

Balázs Orbán presented the French version of his book The Hungarian Way of Strategy at a roundtable discussion organized by the Hungarian consulate in Paris. The second part of the book, focusing on economic issues, is expected to hit the shelves before Christmas.

Turkey is an extremely important regional player in terms of security policy, and its voice is indispensable in international conflicts that risk the security of all of us, the Hungarian defence minister said after meeting his Turkish counterpart in Budapest.

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.

At the launch event, Finance Minister Mihály Varga highlighted that the combined market share of MBH and OTP, Hungary’s two largest banks, now far exceeds the share of foreign banks operating in the country.

On the margins of the sixth China International Import Expo, Economic Development Minister Márton Nagy held talks with the leaders of the Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender, emphasizing Hungary’s aim of becoming a regional financial hub in addition to being the meeting point for Eastern and Western capital and cutting-edge technology.

In his speech at the Summit of the Organization of Turkic States, Viktor Orbán stated that Europe is facing difficult dilemmas, and the answers provided will have a strong impact on the relationship between the Turkic world and the continent. The PM emphasized that from a European perspective, global security is currently in the worst condition since the end of the Cold War.

The state secretary articulated the vital goal that the number of university graduates among the Hungarian diaspora should exceed their representation within their respective countries, with universities becoming cultural hubs for Hungarian communities abroad. He called the opening of the Márton Áron College’s renovated building a defining moment in infrastructure development.

Viktor Orbán declared that Hungary’s energy supply is a key issue and noted that it is important for Hungary to be able to receive oil not only from Russia but also from Kazakhstan. He added that the volume of this is not significant yet, but the channels have been opened, and this is a significant step for the country’s security.

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.

CSOK Plus is an extremely favourable, state-supported loan for families planning to have children or for those who are wish to have more children. It can be used for the purchase of a first common home, or the expansion or the purchase of a larger common home. It is available in amounts of 15, 30, or even 50 million forints with a fixed 3 per cent interest rate.

Professor Kollár briefed the PM about the scientific body’s work in the recent period, and the two leaders also discussed key challenges facing Hungary amidst a war, demographic and economic problems, and challenges to national sovereignty.

Speaking at a ceremony opening a BMW training centre where the first hundred students started their three-year training in September, Szijjártó said the fact that the company had chosen to establish an exclusively electric production platform in Hungary showed great confidence in Hungarians.

The BMW i Vision Dee will be on display for three days in front of the Modem Modern and Contemporary Art Centre, as announced during a press conference at the venue on Thursday.

In the framework of the new CSOK Plus scheme, the state provides a loan of 15 million forints (EUR 38,960) for couples raising one child, 30 million for families with two children and 50 million for those with three or more children, at a 3 per cent interest rate, Minister of Culture and Innovation János Csák announced.

The gross average monthly earnings for full-time employees amounted to 555,900 forints, surpassing the previous year’s figures by 15.2 per cent.

The Papp László Budapest Sports Arena will have a full house, with six tatamis set up. This time, 5,000 people will fit in the stands, and an additional 2,000 seats will be reserved for team members and coaches not currently competing.

On the margins of the Hungarian PM’s visit to Huawei’s headquarters in Shenzhen, Minister of Economic Development Márton Nagy and Gao Weijie, the CEO of Huawei Technologies Hungary and the Western Balkans Region signed a memorandum of understanding, further deepening the strategic cooperation between the Hungarian government and Huawei that began in 2013.

The Foreign Minister of Hungary stressed the importance of connectivity between the ‘interdependent’ Eastern and Western economies, and cautioned against dividing the world into political blocs again. On the same day, he also gave an update on the 15 Hungarian citizens still in Gaza.

According to Mercedes-Benz Chairman Ola Källenius, the company’s Kecskemét plant is a crucial part of their global production network. He stated that the future is being built in Kecskemét, and this is not mere flattery, especially after the first EQB compact SUV model rolled off the production line in the plant in the autumn of 2021.

The exhibition from the Seoul History Museum in Budapest presents the daily life and holidays of Koreans, as well as the system of values and symbols that permeates their society in the delicate patterns and variations of clothing and interior design. In each piece of clothing, not only Seoul’s traditions, the wearer’s status, education, age, and gender are represented, but also their fate and daily life.

The minister explained that the negotiations’ next phase, according to plans, will commence this Thursday. The goal of the government is to start the financing of EU projects as soon as the negotiations regarding the authorizing of the release of the funds are completed.

Hungarian-Chinese relations are largely about a medium-sized nation’s struggle to diversify and reduce the risk of having all of its eggs in the German manufacturers’ basket.

The most important feature of the programme announced with a five billion forint budget is that state support will reach innovative startups through incubators. Incubators support early-stage startups in bringing their products based on new technologies to the market and in acquiring the necessary additional financing.

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.