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economy

IMF Country Report on Hungary Suggests 2008-Like Measures for the Economy — Balázs Orbán: Never Again!

In its country report on Hungary, the IMF proposes the same measures to ‘recover’ the Hungarian economy that brought the country to the brink of collapse in 2008. In his Facebook post, Balázs Orbán stressed: ‘We won’t ask for it…

After Post-Brexit Tory Failure, Nigel Farage Emerges as True Conservative Leader

‘In short, the post-Brexit era and the Conservative majority government have not changed anything in the UK. The British continue to have problems with illegal and massive immigration, problems in the economy, and they still have not regained their much…
Prefabricated houses in Kecskemét, Hungary in 1973

The Era of Socialist Realism and Industrialized Prefabrication in Hungarian Architecture

To address the housing shortage, nearly 1 million dwellings were built under the housing programme between 1961 and 1975, 300,000 of them in Budapest; and a large part of the country’s population still lives in the apartments built during that…

Budapest Stock Exchange Reopened 34 Years Ago Today

Trading first started on the Budapest Stock Exchange on 18 January 1864, but the exchange was dismantled by the communist regime in 1948. After the regime change of 1989, securities trading restarted at last on 21 June 1990, exactly 34…

‘Making the European Union competitive again will be Hungary’s top priority’ during EU Presidency, State Secretary Says

Barna Pál Zsigmond went on Hungarian public media to talk about Hungary’s upcoming presidency of the Council of the European Union. He named restoring Europe’s economic competitiveness and advancing the Western Balkan nations towards EU accession as the administration’s two…

Viktor Orbán’s Political Director Reveals What Hungary Expects from the New NATO Secretary General

Speaking to Hungarian journalists the day after an informal working dinner of EU leaders, Balázs Orbán pointed out that European voters made one thing clear in the European Parliament elections: they are not satisfied with the direction Europe has taken…

Hungary April Industrial Output Up by 6.4 Per Cent Year on Year

Hungary’s industrial output grew by 6.4 per cent year-on-year in April, the Hungarian Central Statistical Office (KSH) announced. However, adjusted to working days, the data actually shows a 2.4 per cent decline. In their statement the Ministry for National Economy…

MCC Hosts Conference on ESG to Share Insights into the Future

The 4 June conference organized by the Climate Policy Institute of the Mathias Corvinus Collegium focused on ESG and its effects on society, the economy, business and social perceptions….
Participants of the Budapest Peace March on Margaret Island on 1 June 2024

The Death of Europe?

‘Although the seemingly insurmountable challenge of these rapid changes may make us justifiably depressed, we need to think about the future of our children. Although they didn’t choose these changes, it is their lives that will be shaped by the…
An aerial picture shows a snow-covered camp for internally displaced Syrians in the Khirbet al-Joz area, near the border with Türkiye, 5 February 2023

Strategic Analysis of the Agreement on the EU–Turkey Statement Regarding the Migration Deal

‘The Agreement on the EU–Türkiye Statement regarding the Migration Deal is considered a turning point in EU–Türkiye relations, as it divided opinions on whether it had been worth entering into an alliance with the other party at such a price….

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