Hungarian Conservative

The signed contract consists of a basic order for nine vehicles and options for up to four additional vehicles. GYSEV has three months from the contract’s start to decide how many option trains to order from Stadler.

Following talks with his Thai counterpart, Minister of Foreign Affairs and Trade Péter Szijjártó revealed that tourist traffic between the two countries has doubled, with more than 10,000 Thai tourists visiting Hungary last year, while more than 30,000 Hungarians travelled to Thailand.

The 2K12 KUB weapon system has been in service in Hungary since the late 1970s; some of the equipment was jointly modernized by the Hungarian and Polish defence industries between 2001 and 2002.

Deputy State Secretary Szabolcs Szolnoki emphasized that the aim of the government programmes is to ensure the accessibility of digital technologies to as many stakeholders as possible through the involvement of European Digital Innovation Hubs (EDIHs). The objective of Hungarian EDIHs is to assess the digital maturity of 1,500 small and medium-sized enterprises, provide technical training for 300 entrepreneurs, and offer business development and engineering consultations.

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.

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.

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.

According to press reports, BYD Auto Hungary has been registered with a capital of approximately HUF 192 billion, which is twice the annual budget of the city of Szeged, where the Chinese auto giant’s new plant is scheduled to begin production next year.

This grand exhibition, housed initially at the world’s largest museum of art and design, the Victoria and Albert Museum in London, will conclude its run in its original venue in April 2024 before embarking on a travelling showcase, debuting first at the Budapest House of Music. Following Budapest, the exhibition will journey to several significant museums worldwide.

On the basis of the ten-point proposal developed by the Ministry of Economic Development, the Hungarian government is launching a 2.9 billion forint Automotive Supplier Development Programme to enhance the role of Hungarian businesses as suppliers of multinationals in Hungary.

Turkey is an extremely important regional player in terms of security policy, and its voice is indispensable in international conflicts that risk the security of all of us, the Hungarian defence minister said after meeting his Turkish counterpart in Budapest.

In his presentation titled ‘Digitalization in Service of Sustainable Development,’ Áder pointed out that the National Digitalization Strategy set the goal for the widespread adoption of technologies and the expansion of capabilities by the government. According to the strategy, by 2030, 95 per cent of households will be covered by a gigabit-capable network.

Speaking at a ceremony opening a BMW training centre where the first hundred students started their three-year training in September, Szijjártó said the fact that the company had chosen to establish an exclusively electric production platform in Hungary showed great confidence in Hungarians.

The BMW i Vision Dee will be on display for three days in front of the Modem Modern and Contemporary Art Centre, as announced during a press conference at the venue on Thursday.

On the margins of the Hungarian PM’s visit to Huawei’s headquarters in Shenzhen, Minister of Economic Development Márton Nagy and Gao Weijie, the CEO of Huawei Technologies Hungary and the Western Balkans Region signed a memorandum of understanding, further deepening the strategic cooperation between the Hungarian government and Huawei that began in 2013.

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.

During the inauguration of the British-owned GKN Automotive Hungary Ltd. factory, the minister highlighted that the company, specializing in manufacturing automotive components, will serve BMW, Mercedes-Benz, Suzuki, and Volkswagen through the newly built facility within the framework of the approximately 52-billion-forint greenfield investment.

Wine and sparkling wine consumption is declining in Europe, but in Hungary, it is fashionable to consume sparkling wine, and the industry is on the rise.

The ministry emphasised that combined cycle gas turbine power plants can be built relatively quickly, have exceptionally high efficiency, low specific carbon dioxide emissions, and their capacity can be adjusted to consumption levels.

With the recent large-scale build-up of the national defence industry, Hungary is not only ensuring its own military equipment supply, but also contributing to the development of European defence industrial capabilities and thus enhancing the EU’s security.

‘University of Debrecen Foundation Board of Trustees chairman György Kossa said that when two global brands, BMW and DE, come together, it sends a strong message to the students studying at the university, and to the residents of the region as well.’

During the inauguration of a new solar power plant established by the MVM Group, Alexandra Szentkirályi stated that due to the war in Ukraine and the imposed sanctions, a very challenging energy situation has emerged. Therefore, the government’s most important task is to strengthen Hungary’s energy independence.

Márton Nagy described Hungary’s achievements in technology and knowledge transfer as remarkable. According to the Global Innovation Index, Hungary ranks 7th in terms of the utilisation of knowledge in the local economy.

‘Hungary must be a country that can have Hungarians do all the work that needs to be done in this country. If it’s uncomfortable or difficult, we need to pay more for it. If we have exhausted all of these options, then we can talk about guest workers. They can stay for a definite period, and their employment can be terminated if necessary, otherwise, we will lose our security,’ Viktor Orbán underlined.

China’s share in the key manufacturing stages of solar panels surpasses 80 per cent, which is a number that is set to reach 95 per cent in the coming years. As EU countries race towards their energy transition goals the question remains how this phenomenon is going to impact their plans?