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economy

Hungary’s Tourism Sector Reaches New Heights in 2024

Hungary’s tourism sector experienced a record-breaking year in 2024, with increased visitor numbers and growing revenues driving economic expansion. National Economy Minister Márton Nagy highlighted tourism as a key driver of GDP, announcing new initiatives such as regulatory changes and…

Orbán Discusses Economy, Middle Class, and EU Tensions in Radio Interview

Hungarian Prime Minister Viktor Orbán discussed the country’s economic outlook, European Union conflicts, and global political shifts in a radio interview. He emphasized the importance of strengthening the middle class, argued in defence of government policies, and criticized Brussels for…
Gyula Benczúr, Saint Stephen Offering the Hungarian Crown to the Virgin Mary (1901). Altarpiece of the Saint Stephen Basilica, Budapest, Hungary

Twelve Pillars of Conservative Policymaking

‘Despite the different—and certainly debatable—approaches and priorities in specific policy areas, the fundamental objectives of conservative parties largely align. Public discourse and media representation in the West sometimes portray the self-determined policymaking of conservative governments in a polarized manner, focusing…

Changing Winds: Trump’s Hard-Hitting Message to the World — and the European Union

In his inaugural address, Donald Trump did not skimp on sweeping promises and tough talk. The old-new President of the United States promised a new golden age for the country, decisive action to protect its economic interests, as well as…

Orbán: ‘If we had opened our borders, we wouldn’t just be dealing with threats but with actual terrorist acts’

Prime Minister Viktor Orbán addressed recent bomb threats and national security issues in his regular public radio interview, emphasizing the need for vigilance and resilience. He highlighted Hungary’s stance on migration, energy security, and its strategic position in Europe and…

Swiss Stadler Starts Double-Decker Railway Car Production in Szolnok

Stadler’s latest investment marks a technological milestone for Hungary’s railway industry and economy. The expanded facility introduces cutting-edge aluminium double-decker railway car production, enhancing local and global rail networks….

Hybrid Cars Gain Momentum as EU Car Sales Inch Up

The European Union’s car market saw a modest growth in 2024, with 10.6 million new vehicles sold, according to ACEA data. Shifting preferences included gains for hybrid vehicles and a decline in market share for both diesel and fully electric…
Ambassador of Hungary in Beijing Máté Pesti and State Secretary Levente Magyar with fellow Chinese statesmen at the opening ceremony of the China International Fair for Investment and Trade in Xiamen, China, 8 September 2024

Navigating Global Shifts: Hungary’s Connectivity Strategy in the Context of Shallow Multipolarity

‘By maintaining a flexible and multi-vector foreign policy, Hungary can remain a keystone state, mediating between various global powers while safeguarding its economic and strategic interests against the uncertainties of a shifting global order.’…
People pass by the logo of the Polish Presidency, at the Polish National Opera in Warsaw on 3 January 2025, before a gala to mark the official opening of the Polish presidency of the Council of the European Union

What the Polish EU Presidency Can Bring to European Energy Policy

Poland aims to prepare Council conclusions on a European energy security strategy in the next six months, with the main objective of its programme being to fully divest from fossil fuels from Russia….
One of the dragons from The Nine Dragons handscroll painted by the Song dynasty’s Chinese artist Chen in 1244 CE. Museum of Fine Arts, Boston, Massachusetts, USA

Is Peak China on the Horizon?

‘As China’s growth rate already lags behind major emerging economies in South and Southeast Asia, such as Bangladesh, India, Indonesia, the Philippines, and Vietnam, and is predicted to be less than half of most of these in the second half…

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