Hungarian Conservative

Another, earlier-than-ever date has emerged regarding the completion of the Hungarian section of the Budapest–Belgrade railway line. As before, the source of the information on the new date is the Serbian President.

Additional previously frozen EU funding is set to reach Hungary, this time totalling more than €70 million. However, more than €20 billion funds are still withheld by Brussels.

The transformation of global supply chains has accentuated the importance of the Budapest–Belgrade railway. As a result, the Belt and Road Initiative (BRI) may become profitable not in the widely reported 979 years, but in only a few years. If the project lives up to expectations, it will not only prove the success of Hungary‘s Opening to the East policy and connectivity goals, but will also position Hungary as a preferable investment destination.

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.

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.