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economic crisis

The flags of the ten countries, including Hungary, that joined the EU in the course of the largest enlargement of its history on 1 May 2004, hoisted at the Berlaymont building of the European Commission in Brussels on 30 April 2024.

Twenty Years in the European Union — Five Lessons Learnt

‘Our fate has become one with that of the European Union not only because of integration, but also for geographical, economic, cultural and civilizational reasons. If the ship sinks, we sink with it. Of course, it is our duty to…

Left-Wing Leaderships Plunge Europe into Chaos

Europe’s left-wing-led countries are being plunged into chaos due to irresponsible political decisions. A situation is beginning to unfold in the West that would be unimaginable in Hungary….

Gergely Gulyás: Despite the Hardships of Last Year, Hungary’s Security Was Protected

Gergely Gulyás explained that since the previous cabinet took office in 2018, numerous changes have occurred in world politics and the economy, and the government elected in 2022 had to face completely different challenges than it did four years earlier….

Péter Szijjártó: Bangladesh and Hungary Belong to the Peace-Loving Global Majority

Hungary and Bangladesh belong to the peace-loving global majority, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said in a joint press conference with Bangladeshi Commerce Minister Tipu Munshi in Budapest on Friday….

Celebrating Thirty-Three Years of Hungarian Democracy

We celebrated the thirty-third anniversary of the formation of the freely elected Hungarian National Assembly on 2 May. The question is, however, whether we should still celebrate it, since the bitter memories of recent times have now thoroughly overshadowed the…

State of Emergency to be Extended by Six Months

According to the law sponsored by the justice minister, an extended state of emergency is needed to handle the humanitarian catastrophe caused by the war in Ukraine and to tackle the economic consequences of the armed conflict. The bill was…

Financial Flows, Supply Chain Politics, and Europe’s Stagflation

There is a slowdown in global growth. The economies of a once highly globalized world are drifting apart. The EMU economy is being hit particularly hard. The recession is coming and, according to projections, the EMU will soon enter stagflation,…

Hungarian Economy Performed Exceptionally Well in 2022

The Hungarian economy performed exceptionally well in 2022, despite the economic crisis caused by the war and the harmful sanctions imposed by Brussels….

The Seven Lean Years Are Here

Upon the advent of the new decade, it was expected that the 2020s would be challenging even without a major economic crisis or another high-impact, low-probability event after the COVID–19 pandemic….

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