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.

The adopted amendments to the Regulation on Wholesale Energy Market Integrity and Transparency, designed to respond to the energy crisis, cover new trading practices such as algorithmic trading and strengthen reporting and monitoring requirements to protect consumers from market abuse.

The fair, which runs until Sunday, features about forty classical and contemporary galleries, auction houses, and thousands of artworks, including paintings, sculptures, jewellery, unique carpets, furniture, and antique books.

In Hungary, people traditionally think in terms of owning their own homes, which not only provides predictability but also financial security for the next generation.

The event also hosts an online charity auction, with proceeds this year benefiting the Opera House Ballet Students Foundation.

The Hungarian Post issued its eleventh stamp series featuring motifs from the Chinese horoscope, celebrating the upcoming Year of the Dragon, which commences on 10 February.

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.

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.

According to a statement released by Mercedes-Benz on Tuesday, a total of 4,419 Mercedes-Benz cars were registered in Hungary in 2023. Notably, a quarter of these models (639 units) were produced in Kecskemét, with the CLA (314 units), the A-Class (280 units), and the EQB (45 units) continuing to play significant roles in domestic sales.

The strengthening of the energy ties between the three neighbouring countries is set to enhance the efficiency and profitability of trading and reinforce Hungary’s energy sovereignty.

The Central Statistical Office released its data for the month of November 2023. The press release pointed out that the number of employed individuals reached 4,736,000 in Hungary.

As it was pointed out by the Hungarian Competition Authority, the extraordinary resources required for AI technology are presently monopolized by the largest technological giants, potentially distorting market competition in digital sectors in the future.

Gábor Nagy, winner of international awards, started to grow chili peppers twelve years ago for fun, prompted by a habanero. An interview about re-learning the concept of hot.

The establishment of the Hungarian-American Trade Chamber–Chicago was underscored as a pivotal moment in promoting Hungarian-American economic collaboration.

Unlike the existing conditions, CSOK Plus does not distinguish between new and used residential properties. New homes are generally more expensive, which means that the same amount of money will buy a smaller property. However, the good news for buyers is that 80 million forints might be sufficient for purchasing a multi-room new apartment or house. On the other hand, new constructions are often more energy-efficient and have more modern layouts compared to properties that are several decades old.

At the launch event, Finance Minister Mihály Varga highlighted that the combined market share of MBH and OTP, Hungary’s two largest banks, now far exceeds the share of foreign banks operating in the country.

Gazprom is making efforts to compensate for the losses in the European markets, which occurred following the Russian invasion of Ukraine, partly due to the explosions in the Baltic Sea pipelines of the Nord Stream project.

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.

It is important to remember that, compared to the stable period of 2017–2018, some 80 per cent of the rise in inflation in Hungary could be attributed to external circumstances, and only 20 per cent to strictly domestic reasons. Taking into account the ambivalent effects of the war situation and the ensuing sanctions, these rates are likely to remain important determinants of inflation developments in 2023.

The controversial document highlights the ongoing concerns of the EU Commission regarding the rule of law in Hungary. While the country has introduced legislative reforms and anti-corruption measures, there are persistent challenges in areas such as judicial independence, media pluralism, legal certainty, and civil society rights.

The Hungarian employment rate of 74.6 per cent exceeds the EU average. In addition, Hungary also has one of the lowest unemployment rates in the EU, 3.9 per cent, according to official April figures.

A new populism is appearing, based on real participatory federalism oriented towards tradition and community, with the Nomos being grounded in the ethnic divisions of states and regions.

The minister emphasised that the current situation is lethal for Europe’s competitiveness, with gas prices seven times higher than in the United States and electricity three times higher than in China. ‘Under the current circumstances, the solution is to focus on the supply side instead of the demand and bring as much gas to the European market as possible,’ he nailed down.

This article aims to outline the nature and role of global supply chains in economic globalization, and to highlight the underlying roots of and reasons for the new trend towards realignment.