Hungarian Prime Minister Viktor Orbán has nominated incumbent Finance Minister Mihály Varga to assume the role of Governor of the Central Bank of Hungary in March. The position will become vacant as the current governor, György Matolcsy, steps down after completing two terms. The central bank is expected to play a pivotal role in shaping Hungary’s new economic strategy.
Hungarian Prime Minister Viktor Orbán addressed pressing issues in his latest radio interview, including the precarious state of the Russia–Ukraine war, the potential of a peace-focused budget, and the government’s unwavering commitment to wage increases and economic stability. He praised exiting National Bank Governor György Matolcsy, and announced that he is nominating Finance Minister Mihály Varga for the post.
Hungary’s employment remains at a stable 4.7 million in October 2024, reflecting a year of consistent growth. According to State Secretary Sándor Czomba, the government’s proactive policies, including a historic wage agreement, continue to bolster the labour market.
In a recent analysis former Hungarian ambassador to Israel Levente Benkő highlights that for Israel, Hamas’s brutal attack necessitated a forceful response in order to restore deterrence. He points out that Israel has no choice but to confront its enemies decisively, even with or without the help of the US, starting with Hamas in Gaza. By doing so, while not eliminating resistance to Israel as such, at least prevents it from taking the form of an organized insurgency.
An in-depth interview with Lél Somogyi, son of c-founder of the Hungarian Association, outstanding scholar and Horthy era government official Ferenc Somogyi, about his father’s legacy, his professional career, his family, and his contributions to the Hungarian American community, not the least as the Secretary-General of the Árpád Academy.
Balázs Orbán’s Hussar Cut was launched in Chinese on Thursday at an event organized by the Chinese Academy of Social Sciences in Beijing. ‘Hungary’s independent and sovereign policies are increasingly recognized internationally, offering a unique and independent voice within various frameworks,’ the political director of the Hungarian prime minister underlined in his remarks at the event.
With the lowest level of support in the EU’s history, the European Parliament has approved Ursula von der Leyen’s second Commission, set to begin work in December. The largest conservative EP group, Patriots for Europe unanimously voted against the new Commission, stating that it goes against the will of the electorate.
‘The challenges generated by the demographic change are increasingly urgent. Ageing populations and declining birth rates are putting enhanced pressure on public financing systems and threatening long-term economic sustainability, therefore, the conference aims to explore the economic and social consequences of demographic change and discuss possible solutions.’
Hungary’s EU presidency, despite facing unjust criticism, stands as a testament to courage and determination, said Maurizio Gasparri, leader of Italy’s Forza Italia Senate faction, during a concert in Rome held in honour of the Hungarian presidency, dedicated to fostering peace and harmony among the nations.
The night sky will host a stunning celestial event starting December, as the red-hued Mars aligns with the shimmering blue stars of the Beehive Cluster. This rare conjunction, visible even with a small telescope, promises a dazzling display for astronomy enthusiasts.
President-elect Donald Trump picked former Chief of Staff of the National Security Council Keith Kellogg as special envoy for the war in Ukraine. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó welcomed the decision, highlighting its significance in strengthening the global peace camp.
From early December, updated COVID-19 vaccines will be available for free at general practitioners’ offices across Hungary. Recommended for vulnerable groups, the Spikevax JN.1 vaccine offers protection against current virus variants for individuals aged six months and older.
An agreement reached on Tuesday between Hungarian Cardnet and Chinese Macau Pass will pave the way for the establishment of a payment platform linking Chinese and European payment and settlement systems. ‘Sino–European cooperation could reach an entirely new dimension through this agreement,’ Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó remarked.
‘The ceasefire is a development that aligns with the Trump administration’s anticipated foreign policy approach, which is expected to support Israel’s military objectives while facilitating diplomatic resolutions to regional conflicts. The ceasefire may also pave the way for expanding the Abraham Accords, with potential new agreements involving countries like Saudi Arabia.’
‘Hungary, a steadfast NATO ally that has balanced its Western alliances with a distinctly conservative trajectory, is well-positioned to serve as a key partner to the United States,’ Bryan Leib highlighted in his recent op-ed published on Townhall.
On 14 December the PIXIM multimedia attraction will debut at Westend, replacing the iconic fountain. Designed as a 10×10-metre golden box, PIXIM offers a 360-degree immersive experience with 15-minute programmes featuring natural wonders, fantasy worlds, and more.
‘Indeed, the cases in which the Open Society Foundation litigates, either directly or indirectly through a representative, are the result of a conscious selection: they are chosen according to their expected political and legal impact and only launched in specific countries. This is how the OSF—and the several NGOs it mobilizes—usually bring cases against Central and Eastern European countries, such as Romania, Slovenia, Poland, or Hungary.’
On 22 November Kendrick Lamar released his latest album, GNX, which marks a major milestone in the rapper’s career, with live performances of the new tracks set to debut during his much-anticipated Super Bowl halftime show. Ahead of this event, fans can enjoy the visually arresting music video for the track ‘Squabble Up’, crafted by renowned Hungarian cinematographer Marcell Rév.
A ceasefire between Israel and Hezbollah came into effect early Wednesday morning after 14 months of intense conflict. Under the agreement, Israeli forces will gradually withdraw from southern Lebanon over the next 60 days as Lebanese troops move in to secure the region.
‘For István Käfer, one of the elements that has historically united both Slovakia and Hungary is, surprisingly, the language. Bálint Balassi, for instance, a crucial figure in Hungarian renaissance poetry, wrote his works in Hungarian, but he knew Slovak very well, which greatly influenced his thinking and language use. Cardinal Péter Pázmány also had a significant influence on the development of the Slovak language, by not only allowing, but encouraging its use in Catholic prayers.’
On 20 November 2024 Kassym-Jomart Tokayev, President of Kazakhstan, was officially welcomed at the Lion Courtyard of the Royal Buda Castle Castle by Hungarian Prime Minister Viktor Orbán. This event marked the start of Tokayev’s three-day official visit to Hungary. The Kazakh leader was accompanied by government ministers and representatives of Kazakh businesses, highlighting the significance of bilateral relations between the two nations.
The Danube Institute organized a prominent conference addressing the geopolitical tensions and opportunities for collaboration in the increasingly significant Indo-Pacific region. During the event experts from nations with interests in the region examined its future prospects through two panel discussions.
The Hungarian government and the Hungarian Chamber of Commerce and Industry (MKIK) have reinforced their commitment to collaborate on addressing economic challenges and enhancing business performance, focusing on reducing administrative burdens, supporting innovation, and boosting market access.
‘For Hungary, Clement’s tenure offered little tangible support during one of its darkest eras, while his broader legacy includes the catastrophic Sack of Rome, the expansion of Protestantism, and the Anglican schism. Today, he is remembered not as a leader who rose to the challenges of his time, but as a figure whose reign epitomized the turbulence and contradictions of the Renaissance papacy.’
In response to the growing number of reports of party political and ideological bias in Hungarian universities, the Foundation for Transparent Journalism has launched the ‘Transparent Education’ initiative. The project includes the development of guidelines, workshops, and a hotline for students to report such cases.
The 26th Hungarian Real Estate Development Award celebrated the finest developments of 2024, with the Liget Budapest Project winning its top prize. Recognizing projects across 12 categories, the competition highlighted innovation, sustainability, and cultural heritage.
The Art Weekend Budapest (AWB) returns this weekend with 36 free contemporary art programmes across 32 venues. Centred around the theme of movement and gesture, the expanded festival includes exhibitions, guided tours, workshops, and new locations, serving art enthusiasts across Budapest, in Eger, and beyond.
At the request of Special Counsel Jack Smith and his team on Monday, the election subversion case against Donald Trump was dismissed. Prosecutors also moved to dismiss the case concerning the alleged mishandling of classified documents. Additionally, Trump’s hush money case could be deferred until the end of his four-year term, marking significant legal victories for the president-elect.
Zsolt Jakabffy answered God’s calling twice: first, when he became a pastor, and then when he moved to California from Transylvania, with the mission of helping the local Hungarian community preserve both their Christian faith and their Hungarian identity. An interview with the reverend who is also the principal of the Hungarian Sunday school,
‘I am proud to say that Bulgaria is a multicultural, multi-ethnic and extremely tolerant society. Being the oldest state in Europe and having the oldest inhabited city in Europe, Plovdiv, only shows for how long this society has been preserved. At the same time, we are extremely cautious and sensitive concerning the subjects of tradition, values, religion, family, and homeland. We have kept our borders safe, just like our friends in Hungary.’