Hungarian Conservative

The Hungarian central bank, through its Green Programme launched in 2019, has sought solutions that not only serve the goal of achieving climate neutrality but also contribute to mitigating the extreme weather conditions caused by climate change and improving the state of biodiversity.

This legislative package, initiated by the Ministry of Justice in collaboration with the Ministry of National Economy, the Hungarian National Bank, and the Hungarian Banking Association was submitted to parliament this spring. It provides legal tools and measures for authorities to take action against online perpetrators.

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.

During the regime change following the fall of the Iron Curtain, the Hungarian National Bank gradually sold almost all of the country’s gold reserve, which by 1992 fell to around three tonnes, with the proceeds from the sale of gold invested in foreign government bonds deemed safe and high-yielding. However, the promised returns were not realized.

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.