Hungarian Conservative

At the annual Kötcse gathering of conservative political and cultural elites Viktor Orbán shared that an action plan has been drafted for a ‘peace budget’ that will involve wage hikes, as well as more government support for families and for businesses.

In tribute to the two Hungarian Nobel laureates, biochemist Katalin Karikó and physicist Ferenc Krausz, the Hungarian National Bank (MNB) released silver coins with a face value of 7,500 forints and base metal coins with a face value of 3,000 forints as part of their series honouring Nobel laureates of Hungarian descent.

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.

In Matolcsy’s understanding, the current debate on the theoretical and practical side of the economy is caused by the difference between ‘the former liberal approach and the currently rising approach based on sustainability’, the contrast of which is compounded by, or more precisely triggered and culminated by, ‘the clash of Western and Eastern, i.e. Asian, positions’. The author clearly takes a stand against Western neoliberalism and is in favour of a Eurasian shift.

National Bank Governor Matolcsy reminded that during the coronavirus pandemic, the crisis was successfully managed thanks to the joint effort of the government, the central bank, the banking system, the business sector, and families, and the crisis was solved within fourteen months.