Hungarian Conservative

About 5 per cent of the Hungarian GDP is generated by the auto industry, therefore, initially, the EU’s decision to ban the sale of all new combustion-engine cars in 2035 was met with resistance in Hungary. Due to the ban, it is expected that from 2035 on practically only electric vehicles will be allowed to be sold in the European single market, which could have left the Hungarian economy that was dependent on the old technology vulnerable. Fortunately, however, Hungary showed a remarkable ability to adapt to the changing circumstances. In the past two years since the ban was proposed electric battery manufacturers have been engaged, which helps facilitate the green transition of the Hungarian car industry.

In the second part of our series looking at important facts concerning the Hungarian economy and society, our authors shed light on how the Orbán governments have managed to achieve a spectacular turnaround in terms of employment after 2010.

Porsche Hungaria Kft. and Mercarius Fleet Management Ltd. donated two vehicles to the Hungarian Interchurch Aid in order to help their work in Vizsoly and its surrounding area.