Hungarian Conservative

The munitions manufacturing facility at the Várpalota Defence Industrial Complex, operated in partnership with German Rheinmetall, will contribute to reducing Hungarian dependence on supply chains, Minister Szalay-Bobrovniczky stated at the inauguration ceremony on Monday.

During the handover ceremony, Minister of Defence Kristóf Szalay-Bobrovniczky highlighted that the war in Ukraine has demonstrated the necessity for every country to have a well-functioning defence industry capable of supplying the nation at all times and in all situations.

The minister underscored that strengthening ties with the United Arab Emirates, a significant economic and military power in the Gulf region, can complement Hungary’s defence development programme, whether it involves defence-oriented research, innovation, or the manufacturing of military equipment.

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.

The NFI’s decision-making committee voted to support the production of six different television works.

Next year marks the 170th anniversary of Dreher Breweries, which will embark on its largest-ever investment programme, valued at over 100 billion forints, the most massive development in the history of Hungarian brewing.

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.

Norbert Lobenwein, one of the founders of the festival, stated that despite preparing for survival before the season, the Strand Festival started its first day with a full house and a lot of people are expected for the weekend as well.

The high attendance rates of the plays and the frequent standing ovations confirmed the State Opera House’s expectations that it is worthwhile to stage popular pieces from the operatic literature in classic performances with an air-conditioned auditorium in the summer. The July–August performances of the the first full summer season of the Opera were favoured by both tourists and locals from the capital city and the countryside.

The minister advocated for strengthening ties between the European Union and Central Asia, urging the prompt signing of the EU-Kyrgyzstan Enhanced Partnership and Cooperation Agreement, which was initialled in 2019.

Hungary believes that the problems should be solved not at Europe’s borders but at their places of origin, Kristóf Szalay-Bobrovniczky said. He emphasised that under the changed circumstances, the development of the Hungarian armed forces is progressing dynamically, confidently, and systematically.

The Hungarian government has secured an exemption regarding the maintenance of Russian metro cars, allowing the sanctioned Moscow-based company to once again deliver parts to Budapest.

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.

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.

Péter Szijjártó visited the construction of Mercedes-Benz’s new plant and later presented the company’s CEO, Christian Wolff with the Hungarian Cross of Merit.

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.