Hungarian Conservative

According to information provided by Ágnes Hornung, state secretary responsible for families, this addition will bring the total number of main pillars supporting the Hungarian family support system to four, alongside home creation, financial security, and freedom of choice.

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.

Duda justified his decision to entrust Morawiecki with forming the government by stating that he is following the good parliamentary tradition, which gives the winning party the first opportunity to do so. He also mentioned that in accordance with the constitution, if the first attempt at forming a government fails, a second round will involve an absolute majority vote in the lower house of the parliament.

The growing threat of terror in Europe is a direct consequence of the migration policy forced by Brussels, which has resulted in parallel societies in a number of Western European countries, the Hungarian foreign minister said. He also noted the sanctions against Russia, which he said resulted in ‘a continual crisis of energy security’.

The Hazaváró (Welcoming Home) offices will offer not only information but also streamline various administrative processes for returnees, including matters related to pension payments, degree recognition, starting a business, and processing tax and residence card-related issues.

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.

Hungary’s interests lie in peace, the Hungarian foreign minister said, adding that this was the reason why the government considered it important to take part in the work of the OTS, as the Turkic states ‘always stand by peaceful settlements and reducing the risk of escalation’.

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.

Speaking at the exhibition, Tristan Azbej highlighted that while Christian communities in the Middle East are still in a difficult situation, the persecution of Christians is most serious in western parts of Africa, with Islamic State and other jihadist groups threatening communities. In Nigeria alone, some 3,000 Christians are killed each year, therefore Hungary Helps has decided to focus its activities on that region.

MFAT State Secretary Levente Magyar stated at a press conference on Monday that Stellantis, which owns fourteen automotive brands, has chosen Hungary as the hub for autonomous driving technology and electrification. ‘We are proud that Hungary…has become one of the leading automotive powers in the world in just under 20 years,’ he said, adding that the country is among the top 20 in terms of automotive production.

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.

In his regular interview on public radio, the Hungarian Prime Minister pledged to defend Hungary’s borders, to resist pressure from Brussels aiming to change his government’s policies, insisted that Ukraine cannot win on the battlefield, and announced a new National Consultation.

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.

Németh recalled that since the introduction of utility cost reduction in 2013, Brussels has consistently and aggressively pushed for its termination, even though the programme has resulted in Hungarians paying the lowest household energy bills in Europe.

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.

Magyar Vagon Ltd. is affiliated with the President and CEO of MOL, Zsolt Hernáda, who, as of the 2023 edition of the list, is the seventh most influential individual in Hungary.

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect.

In his remarks Minister Szijjártó highlighted the extensive border shared by Hungary and Slovakia, spanning 654 kilometres. He noted that this border facilitated a record-breaking 17 billion euros in trade last year. Consequently, both governments consider it a strategic imperative to further increase the number of border crossings between the two countries.

Mihály Varga pointed out during the introductory economic policy roundtable discussion that the government has taken measures to reduce inflation risks, which have yielded results. This is confirmed by the analyses of major credit rating agencies, which are ‘filled with positive findings,’ he said.

Hyper-democracy is already here, it will grow stronger, and we are only starting to understand its profound effects. Some of them will be detrimental, others will open up new opportunities. This might appear overwhelming and unprecedented to some, but in truth, that was the case with all great technological or political upheavals…

’From now on, we don’t want to hear from the Americans about how democracy works here, how institutions function, or what the rule of law entails,’ Péter Szijjártó stated in Budapest on Thursday, commenting on the most recent developments in the United States aimed at excluding Donald Trump from the presidential race.

Szijjártó urged the start of genuine European Union accession negotiations for Albania and North Macedonia. He emphasized that Europe is facing extraordinary economic and security challenges, making the stability and peace of the Western Balkans more crucial than ever.

Minister of Construction and Transport János Lázár announced near Nyírmeggyes in Szabolcs–Szatmár–Bereg County that the construction of the first, 28-kilometre-long segment of the expressway being built in two phases between the M3 motorway and the Hungarian–Romanian border has begun, with an investment of approximately 175 billion forints by Duna Aszfalt.

Hungary will not decide on any further funding for arms or anything related to Ukraine until it receives ‘a detailed, clear account of how the approximately 50-70 billion euros sent to Ukraine so far have been spent,’ Minister Szijjártó nailed down this morning, before he left for the informal meeting of EU foreign ministers in Toledo, Spain.

According to Minister Szijjártó, Hungary has undoubtedly become a leader in the continuously advancing automotive industry transformation, and the city of Debrecen has turned into an important global centre for the sector.

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings. Additionally, government measures have contributed to the fact that individuals are making more conscious decisions about their savings, turning towards higher-yielding assets in a high yield environment.

After two years, the Hungarian Prime Minister once again sat down for an interview with former TV host Tucker Carlson.

From September onwards, the Rákóczi Association will operate 58 school buses in Transylvania, helping more than 720 ethnic Hungarian children reach school in 48 settlements. The operation of the buses will cost 231 million forints per academic year, which will be covered by the Hungarian state, thus school attendance will impose no financial burden on the families or schools.

For the government, the successful fight against inflation is a key issue as it aims to restore the previous trend of continuous wage growth, disrupted by the protracted war and the misguided sanctions.

Government spokesperson Alexandra Szentkirályi noted on public radio that inflation decreased to 17.6 per cent in July, representing a 2.5 per cent decrease compared to the previous month, and a 0.9 per cent decrease in food prices. On an annual basis, the combined effect of multiple government measures has practically cut the inflation of food prices in half, she stressed.