Hungarian Conservative

The Fed is not cutting the federal interest rate, and is keeping it at 5.5 per cent, the highest it has been since the early 2000s. Meanwhile in Hungary, the National Bank cut interest rates on 31 January.

Viktor Orbán has lifted his veto on €50 billion in financial aid for Ukraine, relying on the guarantees provided by EU leaders.

Palkovics emphasized that approximately 20 per cent of Hungary’s energy mix is consumed in the transport sector, primarily relying on fossil fuels. This dependence poses a considerable challenge to transitioning towards sustainable, domestically producible energy sources that are less burdensome on the environment.

Sándor Kereki took these intriguing photos as a teenager, and they remained unpublished for decades.

At a recent Rubicon Institute conference in Budapest, historians and Middle East experts attempted to shed light on the complexities of the Arab–Israeli conflict and its regional and international contexts.

Péter Szijjártó welcomed the continuous development of bilateral economic relations and the breaking of export records. He also praised Qatar’s role in the release of some hostages abducted by Hamas, including three Hungarian citizens, and revealed that another Hungarian citizen might be held by terrorist organization and requested assistance from Qatar in facilitating their prompt return.

The Prime Minister expressed concern about the lack of proper respect for agriculture as a crucial element of the European economy within the European Union. He criticized unfavourable regulations imposed in several countries, making the situation difficult for farmers.

During her meetings, Katalin Novák expressed her support for the EU accession of West Balkan nations, visited the troops of the Hungarian-led EUFOR Althea mission, and discussed Hungary’s family support schemes.

Ilaria Salis is one of the 20 radical left-wing, apparently anti-fascist activists, who arrived in Budapest last February with the explicit purpose of attacking ‘neo-Nazis’ and/or ‘neo-Nazi sympathizers’ ahead of the so-called Day of Honour events organized by Hungarian extreme-right groups. The randomly chosen victims suffered grave injuries including shattered bones and stab wounds.

The ongoing demonstrations against the AfD will not have a lasting impact on the party’s support, and consequently, will not negatively influence the upcoming EP elections in the summer, Maximilian Krah told Hungarian Conservative.

Brussels is allegedly considering economic retaliation against Hungary should Viktor Orbán vetoe further funding for Ukraine, as indicated by a leaked document. However, the conflicting statements surrounding the purported plan suggest only one thing: there is chaos in Brussels, with EU funds having long been viewed as a tool for political blackmail.

The analyst emphasized that a severe economic crisis has unfolded in Germany, partly due to the misguided sanction policy and the energy crisis resulting from the shutdown of nuclear power plants.

With the daily flights, the airline’s parent company, China Eastern Airlines, aims to provide even better connectivity between Budapest and Southeast Asia, New Zealand, and Australia.

Hungary’s voting rights in the EU could be suspended if it does not vote in favour of a proposal to amend the EU’s multiannual budget to give Ukraine €50 billion in aid from the common European budget over the next five years.

Representatives from Milan’s Spazio 38 showroom and the Polish Modivo, the Swiss Hay Hay brand, the owner of Athens’ Passion Alley boutique, as well as the founders of the White Milano trade show, attended the fashion shows, expressing interest in Hungarian brands.

Hungary will be playing Türkiye, Kosovo, Ireland, and Malta in preparation for Euro 2024 in Germany.

László Botka, the mayor of Szeged, called the signing historically significant for both the city and Hungarian economic history. He welcomed the close cooperation between the Szeged local government and the government on the matter, saying that the common goal is the quick construction of the factory.

The Budapest pass will remain valid throughout the entire capital, and starting from 1 March BKK will accept monthly passes for Pest County and national passes on its routes.

According to Tristan Azbej, the state secretary in charge of programmes aiding persecuted Christians, the fact that the Hungarian Embassy was the host of the opening of the major international conference is not only an opportunity but also recognition of the work carried out by the Hungarian government and Hungary in this field.

The agency expects substantial foreign investments in battery production to further attract funding, leading to increased job creation, technological advancements, and enhanced exports. Scope Ratings emphasized that Hungary’s BBB credit ratings are reinforced by the robust structure of external and public liabilities.

Both Minister of EU Affairs János Bóka and MP and former Minister of Justice Judit Varga have strongly asserted that Hungary will not give in to the EU’s ‘blackmail,’ and will not approve additional funding to Ukraine through a common loan under the threat of additional EU funds being withheld.

Professor András Gelencsér reminded that fossil fuel emissions have continuously increased since the Paris climate accord, except during the COVID period. Regarding the utilization of solar and wind energy, dependent on environmental conditions, Gelencsér stated that the world cannot function without stable electricity production, which requires the use of fossil raw materials or nuclear energy.

US Ambassador to Hungary David Pressman gave two recent interviews to the British press. He criticized Hungary’s foreign policy in both of them, claiming that it was based on ‘fantasy’—Hungarian MP and State Secretary Tamás Menczer has responded to the criticism.

In his remarks at an economic conference held in Sopron on Saturday, Government Commissioner for the Development of Modern Settlements Alpár Gyopáros emphasized the pivotal role of villages in shaping the future of Hungary, citing their ability to provide a quality of life and a sense of community that urban environments often lack.

The minister stressed the importance of maintaining disciplined fiscal policies this year, aiming for an annual average inflation rate of around 5 per cent. He firmly asserted that until the inflation rate returns to a more moderate range, fiscal spending should be limited.

Perhaps the best-known and one of the most beautiful buildings in Ferenciek tere (Square of the Franciscans) in Budapest, the Párisi Passage, has been recently renovated and its original beauty restored. The history of the magnificent edifice dates back to the early 19th century.

Ferenc Deák, the primary facilitator of the Austro–Hungarian Compromise of 1867, the country’s first Minister of Justice, and the namesake of so many public spaces and institutions in Hungary today, passed away 148 years ago on this day.

Nanos gigantum humeris insidentes, or dwarfs standing on the shoulders of giants, is a phrase first used by the twelfth-century French philosopher Bernard de Chartres. It has been chosen as the motto of the Barna Horváth Hungary Law and Liberty Circle, calling for a balance between healthy ambition and intellectual humility and respect for previous generations.

Serbia’s Minister of Defence and Deputy Prime Minister, Miloš Vučević, expressed gratitude for Hungary’s consistent support for Serbia’s path to European Union membership. He emphasized the strategic partnership and an exceptional relationship, almost surpassing mere friendship, between the two countries.

András Cser-Palkovics, the Mayor of Székesfehérvár highlighted the importance of having one of Europe’s largest talent development networks and communities present in Székesfehérvár. This presence will contribute to the city providing young people with state-of-the-art knowledge, keeping them in Hungary, or bringing them back from elsewhere, he underscored.