Hungarian Conservative

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.

Péter Szijjártó welcomed the continuous development of bilateral economic relations and the breaking of export records. He also praised Qatar’s role in the release of some hostages abducted by Hamas, including three Hungarian citizens, and revealed that another Hungarian citizen might be held by terrorist organization and requested assistance from Qatar in facilitating their prompt return.

This year, Hungary is set to break both investment and export records, with incoming foreign direct investment doubling from the previous year to €13 billion and Hungarian exports increasing from €142 billion in 2022 to €150 billion.

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.

The Foreign Minister stressed the importance of Azeri-Hungarian cooperation, which he claims has greatly helped Hungary in energy security in the past decade, and called on Brussels to ‘do more than nudging’ to help member states diversify their energy sources.

From the inception of post-Soviet Hungary, East Asian relations have been oriented towards trade as well as knowledge and information exchange. With the opening up of the Hungarian economy, foreign direct investment (FDI) began to flow in from Taiwan, China, and India, and was widely distributed over a diverse range of sectors including finance, retail, mining, and those that this article focuses on: automotive manufacturing and logistics.

The recipe is kept secret and stored on a computer with high-level security measures, with a backup copy being held in a Swiss vault, the Hungarian energy drinks company highlighted in a statement.

The Hungarian government has secured an exemption regarding the maintenance of Russian metro cars, allowing the sanctioned Moscow-based company to once again deliver parts to Budapest.

With the establishment of the new production hall, modern laboratory, and the deployment of one of the most advanced production lines, the company is getting closer to its sustainability goals. Dreher aims to make its production processes carbon neutral by 2030.

Four Central European countries, Poland, Hungary, Slovakia, and Bulgaria, have announced bans on foodstuff imports coming from Ukraine. Meanwhile, Romania has joined them in demanding action from the EU to address these concerns. The five countries are estimated to have lost 417 million EUR combined due to cheap Ukrainian food imports.

Péter Szijjártó pointed out that Hungary is already the world’s fourth-largest producer of electric batteries and that in the last thirteen months, batteries have been the country’s top export product.