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Hungary Leads Europe in Promoting Electromobility

The European Union’s industrial strategy prioritizes the green and digital transformation of the automotive industry, with a strong focus on promoting electromobility. Hungarian State Secretary for Industrial Policy and Technology Gergely Fábián highlighted at a recent event in Brussels that Hungary is at the forefront of this effort, viewing the automotive industry and battery production as strategic sectors. Hungary was also one of the first member states to call for an EU-level action plan to promote electromobility.

‘Hungary advocated for competitiveness before it was sexy’ — EU Affairs Minister János Bóka at Danube Institute Conference

Hungarian EU Affairs Minister János Bóka gave a detailed presentation on the first day of the conference co-organized by the Danube Institute, outlining the key priorities of the Hungarian EU Presidency. Bóka highlighted an early success of the presidency, noting that while six months ago the importance of developing European competitiveness was rarely discussed, it has now become a central topic in the European political debate.

View of Ashgabat from the Arch of Neutrality (Wikimedia Commons)

EU Gas Supply Diversification to Be Enhanced by Hungary–Turkmenistan Deal

As Hungary holds the presidency of the Council of the EU, it can leverage its influence to set the EU’s agenda in favour of increased imports of Turkmen gas, presenting it as a strategic and cost-effective alternative to Russian energy dependence. This would not only support Hungary’s energy strategy but also align with the broader EU goals of securing diverse and reliable energy sources while enhancing its presence in the geopolitically significant Central Asian region.

President of Uzbekistan Shavkat Mirziyoyev and President of Azerbaijan Ilham Aliyev hold a meeting at Ak Saray Presidential Palace in Tashkent, Uzbekistan on 23 August 2024.

Azerbaijani and Uzbek Green Energy to Be Exported to Europe through Hungary

Hungary has been proactive in building strong economic ties and investing in energy production in Kazakhstan, Azerbaijan, and Uzbekistan. Hungarian companies, such as MVM and MOL groups, play a key role in oil production in Kazakhstan and natural gas production in Azerbaijan. Notably, Hungary recently acquired a 5 per cent share in Azerbaijan’s Shah Deniz natural gas field. The successful operations of Hungarian businesses in these countries, combined with the development of economic and transit projects, have elevated Hungary’s role within the EU as a bridge to these energy-rich nations, enhancing the EU’s access to diversified energy resources.

Sovereignty, Economic Resilience, and the Future of Europe — Key Takeaways from the 2024 Tranzit Festival

One of Hungary’s largest political festivals, Tranzit, took place again in Tihany over the weekend. Now in its seventh year, the event featured speeches by prominent government politicians such as Péter Szijjártó, Balázs Orbán, and Antal Rogán. While the festival primarily focused on the Hungarian economy, it also addressed crucial issues such as sovereignty, migration, and foreign policy.

Hungary Addresses EU Concerns Over Belarusian, Russian Worker Visas

Hungarian Interior Minister Sándor Pintér has addressed the European Commission’s concerns regarding the extension of the Hungarian National Cards programme to Russia and Belarus. In a letter sent to Home Affairs Commissioner Ylva Johansson, Pintér emphasized that Belarusian and Russian guest workers arriving in Hungary would undergo thorough screening to ensure compliance with EU regulations and would not pose a threat to the national security of Schengen member states.

More EU Aid for Ukraine as Kyiv Advances in Kursk

On 13 August the European Commission disbursed nearly €4.2 billion to Ukraine under the First Pillar of the Ukraine Facility. During the four-year plan, the EU aims to provide up to €50 billion in grants and loans for the country’s recovery, reconstruction, and modernization. Meanwhile, Kyiv has made gains in Kursk, which, according to the Institute for the Study of War, is a pivotal moment in the war with the potential to change its trajectory.

Eco-Friendly Category Debuts at 14th Budapest Central European Fashion Week

The birth of the Conscious by BCEFW category was preceded by the development of the Conscious Fashion Initiative’s criteria. This initiative focuses on six guiding principles, including diversity and equality, sustainable design supporting the use of recycled materials, a section on safe working conditions, consumer engagement, transparency, and education, all of which underscore the importance of social and environmental responsibility.

Hungary Increases Contribution to European Space Agency Fivefold

Hungary has increased its contribution to the European Space Agency’s (ESA) programmes fivefold over the past six years and will contribute €32 million to European space research next year. Orsolya Ferencz, Ministerial Commissioner Responsible for Space Research, emphasized the important role of youth in Hungarian space activities on the closing day of a rocket-building student camp on Sunday.

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