Hungarian Conservative

The minister recalled that the Factory Rescue Programme was launched by the government following the outbreak of the conflict in Ukraine, to enable domestic companies to strengthen their independence from the highly unpredictable fluctuations of international energy markets and to preserve jobs and maintain economic performance.

The recipe is kept secret and stored on a computer with high-level security measures, with a backup copy being held in a Swiss vault, the Hungarian energy drinks company highlighted in a statement.

Enumerating the factors strengthening the positive outlook for the economy, the Hungarian finance minister stated that the country’s export performance is very good, and in terms of population, Hungary ranks 94th among the countries of the world, while it stands at 34th place in terms of export indicators.

The environmental permit of CATL, which has significant water and energy requirements, was challenged in court by six private individuals and two civil organisations.

The facility aims to produce 700–800 million aluminium beverage cans annually, with approximately half of them filled, mainly to meet the demands of local and regional third-party brands. Additionally, the company plans to serve its own local and regional markets from this plant.

‘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.’

Sándor Czomba stated that since 2010, the number of employed people has increased from 3.7 million to 4.7 million, thus achieving one of the government’s commitments to create one million new jobs in ten years.

The collaboration between the Hungarian University and JASCO, focusing on pharmaceutical development, is in a promising area. The goal is for Hungary to become one of Europe’s top ten and the world’s top twenty-five innovators by 2030.

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.

After the completion of the investment, the Chinese–Hungarian joint venture, Jiangsu Magnus Aircraft Manufacturing, is expected to create a total of 300 jobs, with Hungarian employees playing a leading role.

With the establishment of the new production hall, modern laboratory, and the deployment of one of the most advanced production lines, the company is getting closer to its sustainability goals. Dreher aims to make its production processes carbon neutral by 2030.

Imre Tóth, the director of the Sopron Museum, stated that the museum lives alongside time and closely observes the changes, with the understanding that tradition and the past can only be preserved and passed on by re-evaluating, recreating, and reinterpreting them.

The Libri Group is a key player in the Hungarian book retail and publishing market. The group’s significant member, Libri Könyvkereskedelmi Kft., serves millions of customers annually through its nationwide network of 57 bookstores and its online store.

During the announcement of Rolls-Royce’s new research and development investment, the minister highlighted that the company will design the tools necessary for the transportation of the future in its Budapest centre, including components for hybrid and electric aircraft and systems based on high-speed generators.

The organisation is doing everything to bring Pepsi back home. Balogh stated that the newly inaugurated Szentkirályi PET bottling line is capable of creating Pepsi products, but further investments are needed, such as establishing a water purification base and a syrup kitchen.

Rheinmetall is one of the few companies of its type with a proven track record of successful localisation projects. But that is only part of the story. Equally important was the trust that was built between the German corporation and the Hungarian government during the process of expanding cooperation.

At the inauguration ceremony of a new wing of a school building in Mór, Fejér County, minister of state for Public Education Zoltán Maruzsa stated that ‘the schools of tomorrow cannot be the same as the schools of yesterday’.

At the handover of the last renovated stations of the M3 metro line, Minister for Regional Development Tibor Navracsics reiterated that the investment is important not only for Budapest and Hungary, but also for the European Union. The collaboration between the government, the capital city, and the EU has tangibly materialised through the renovation, he declared, expressing his hope that in the future, with the arrival of EU funds, more such collaborations can be fostered.

Viktor Orbán announced on social media that the renovation of Road 37 between Gesztely and Szerencs has been completed, and thus the speed limit has been increased. He also encouraged drivers to use the new road confidently but drive cautiously.

‘If the European Union views China as a rival, it will lose out. It has become evident in recent years that China has a competitive advantage in many areas of the economy,’ the minister declared. He emphasised that if the EU wants to benefit from its relationship with China, it should focus on cooperation based on mutual trust, respect, and benefits rather than rivalry.

Péter Szijjártó stated that one of the main pillars of the government’s foreign economic strategy is the economic relationship with China. ‘Companies like Huawei, which not only invest and create jobs in Hungary but also share technological knowledge and actively support domestic higher education, play the most important role in this,’ he declared.

The prime minister said that Veszprém’s performance shows that when Brussels bureaucrats manage to defeat their ‘well-developed Hungarophobia,’ then together, Hungary and Brussels can achieve great things.

The six years since the start of Apollo Tyres’ operations in Hungary have been characterised by exceptionally close cooperation and good relations between the company and the Hungarian government.

On the first day of his trip to Seoul, László Kövér emphasised that in 2020, 130 Korean companies employed 15,206 people in Hungary, and the Hungarian government has several strategic agreements with Korean companies.

Péter Szijjártó emphasised that except for Germany and China, Hungary is the only country where all three German luxury car brands have factories, and three of the world’s top ten electric battery manufacturers are already present in Hungary.

Péter Szijjártó welcomed Novartis’ announcement that the Swiss pharmaceutical company is establishing a new regional research and development centre in Budapest, from where it will coordinate its research projects in Southern Europe and Africa.

In his interview with Richard Quest, Péter Szijjártó asked the rhetorical question: ‘Do you think all this would be possible if there were systemic corruption? Because if there is systemic corruption, there is no growth, investors do not come, and they do not bring their money here.’

After a five-and-a-half- year renovation, metro line M3 is to become fully operational on 22 May, Budapest Mayor Gergely Karácsony announced on social media.

Wizz Air announced a partnership with Firefly Green Fuels. Firefly produces sustainable aviation fuel from sewage sludge. The aim of the partnership is to further decrease the carbon footprint of the aviation company.