Hungarian Conservative

Search results: peter szijjarto

The Risk in Not ‘De-Risking’ with China

‘There is also a way to deal with the world’s largest economy, for the US Dollar (USD) is not going to decline anytime soon. Those who claim that the USD is in decline often argue that for centuries, reserve currencies have risen and fallen in tandem with their home economies. As the US’ share of the global economy diminishes, economists argue, so too will the USD and its global hegemony. A fascinating yet hardly conclusive argument since there has never been a dominant global reserve currency prior to the USD. Quite the contrary, the USD is the only currency ever to have played such a pivotal role in international commerce.’

US–Hungary Arms Deal Blocked By Republican Senator

Senator James E. Risch of Idaho cited his frustration over Hungary not moving forward with approving Sweden’s NATO accession as his reason to block the $735 million arms deal. However, in the meantime, Hungary has signed a letter of intent for air force equipment acquisition with France.

Israel’s 75th Anniversary in New York Celebrated Amidst Record High Levels of Anti-Semitism in the US

According to a recent ADL survey, anti-Semitic incidents surged to historic levels in 2022 in the United States, with a total of 3,697 hate-related incidents reported across the country, which is a 36 per cent increase from 2021 and the highest level ever recorded in the group’s history since it began keeping records in 1979. Amidst a record high level of anti-Semitism, at this year’s Celebration of Israel Parade in New York City the importance of showing unity and support for Israel was highlighted.

Rolls-Royce to Invest in Future-Oriented Development in Hungary

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.

Israeli Foreign Minister: ‘Hungary is One of Israel’s Closest Allies in the EU’

During his visit to Hungary, Eli Cohen also participated in the unveiling of the statue of Árpád Weisz, a Hungarian-born soccer player who coached Inter Milan and later Bologna before perishing in the Holocaust. The bronze statue was unveiled by Eli Cohen and Gergely Gulyás, the head of the Prime Minister’s Office, together with Sándor Csányi, the head of the Hungarian Football Association (MLSZ), and Giuseppe Saputo, the chairman of the Bologna football club.

Hungarian Peacekeepers Injured in Kosovo Clashes

The clashes began on Friday and continued on Monday morning as a result of ongoing unrest following the recent elections, where ethnic Albanian politicians won mayorships. Confrontations broke out between ethnic Serbian protesters taking to the street and the police near the municipal offices of three towns. 20 Hungarian soldiers were injured.

International Swimming Federation Headquarters to Move to Budapest

‘It will certainly be a great recognition for Hungary if the global headquarters of FINA relocates to Budapest. The organisation’s leaders have the specific goal of ensuring that at least half of the staff in the centre that will govern the world of swimming are Hungarian,’ Foreign Minister Szijjártó said on 26 May.

Hungary EU Funds: Commissioner for Budget Predicts Long Wait

At his recent hearing in the EP, the Budget Commissioner stated that it is not true that the Commission is hindering negotiations with the Hungarian government over the rule of law concerns. The Commission is interested in finding a solution, but it must be a solution that serves the interests of Hungarian citizens, Hahn said.

Hungary Vetoes EU Sanctions on Russian Individuals

The Hungarian government blocking the latest round of sanctions comes only days after the Orbán administration vetoed the release of €500 million of military aid to Ukraine. The blacklisting of the Budapest-based OTP Bank by Ukrainian officials is behind both of these decisions.