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.
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.
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.’
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.
‘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.
‘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.’