Speaking at the opening event of the International Young Physicists’ Tournament (IYPT) for secondary school students at the Budapest University of Technology and Economics (BME), State Secretary Varga-Bajusz highlighted that Budapest has always been a hub of science, creativity, and innovation. She believes that this competition will showcase these qualities to the world.
‘Within a few years, Hungary will be among the five countries in the world capable of manufacturing over one million cars annually,’ Péter Szijjártó stated, announcing a new investment in Zalaegerszeg by US Flex.
The value of the three-part investment is HUF 26 billion, with the government providing approximately HUF 900 million in support, Minister of Foreign Affairs and Trade Péter Szijjártó announced on 23 May. The minister highlighted at the inauguration ceremony of Siemens Energy Ltd’s new plant that the German conglomerate will manufacture gas turbine burners in its new multifunctional facility and establish a dual training centre there, equipping Hungarian professionals with the knowledge needed for using the latest technologies.
László Kövér stated that the 20th century has shown Hungarians that a liveable future cannot be achieved in the battlefields. The future is in the homes being built and in nurseries, kindergartens, and schools, not in destroyed, burnt-out towns, the House Speaker stressed.
Volánbusz is applying for funding for the acquisition of 20 new electric buses and the establishment of related charging infrastructure. The introduction of another twenty e-buses would mean a further reduction of over 1,000 tons of carbon dioxide emissions.
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.
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.
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.
Mihály Varga recalled that during the pandemic, it became evident that Hungary needed to increase its self-sufficiency in the health industry. Therefore, in 2020, the government launched the Healthcare Industry Support Programme, which, among others, has now facilitated Medicor’s investment.
At the meeting, the parties agreed to strengthen cooperation. They also shared the view that government support needs to be provided in order to protect Hungary’s strategically important automotive industry and preserve jobs.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.