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economy

Dr Barbara Kolm, founder and Director of the Austrian Economics Center (C), and Dr Ádám Banai, Managing Director of the Hungarian National Bank for Monetary Policy Instruments (L) in the first panel of the conference

Digitalization, Free Trade, Migration and More — Free Market Road Show Held at Danube Institue

The Free Market Road Show, held for the ninth time, was organized in collaboration with the Austrian Economics Center and the Danube Institute. This year’s speakers discussed topics such as Central Bank Digital Currencies and the related issues of individual…
Casablanca Conference. General Henri Honoré Giraud, President Franklin D. Roosevelt, General Charles de Gaulle, and Winston Churchill (from the left to the right). Casablanca, Morocco, January 1943

Internal Conflicts and Future Alternatives for European Integration

‘If we are looking for a more idealistic, right-wing conservative solution to the puzzle, we have to question the current form of the EU as it is. It may be appealing to the economic right, but it contains very little…

Viktor Orbán: Hungarian Economy Set to Break Free from Unilateral Dependencies

In his remarks at the inauguration of MOL’s new plant in Tiszaújváros, the Prime Minister emphasized that an important element of the Hungarian industrial strategy is to incentivize Hungarian companies to enter foreign markets using state resources….

Schaeffler Savaria Ltd Expands Szombathely Site with Major Investment

Schaeffler Savaria Ltd, a manufacturer of automotive components, has expanded its site in Szombathely with a logistics hall covering an area of ​​6,200 square metres and an office building of 2,200 square metres. The new facility includes meeting rooms, changing…
A view shows aftermath of recent shelling, what local officials called a Ukrainian military strike, in Belgorod on 11 May 2024.

Can Russia Occupy Ukraine AND Attack the Eastern Flank of NATO?

‘The vestiges of Cold War thinking continue to linger on, with the fear of a hypothetical Russia–West conflict escalating into a war that ends civilization imprinted on our minds so much that it has never actually gone away. Nevertheless, it…
Nicolas-André Monsiau, Louis XVI Giving His Instructions to La Pérouse on 29 June 1785 (1817). Château de Versailles, Versailles, France

The Return of Grand Strategy in the Indo-Pacific: The Fall-Out from the Russia–Ukraine War

‘The Russia-Ukraine War clearly intimates an emerging multipolar order. States, and not just those in the Indo-Pacific, look around the world and discern that they have options…We are truly in a New World Order. Just not the one that its…

Minister of Defence: Hungary Started Rebuilding its Defence Industry at the Right Time

The minister recalled that the world has been facing direct threats of war for the past two years, and the renewed global competition among major powers has fundamentally changed the relationship between governments and citizens regarding security….
Chinese President Xi Jinping and his wife arrive at the Nikola Tesla Airport in Belgrade for an official visit to Serbia on 7 May 2024.

Balázs Orbán Discusses Hungary’s Connectivity Strategy Ahead of Xi Jinping Visit

The political director of the Hungarian PM underscored in an interview with public media that the Chinese President’s visit also signifies that Hungary is becoming a key state in the region. He recalled that it has been twenty years since…

PM Orbán on Hungarian EU Membersip: ‘My, this is not the horse I wanted, this was not the deal’

During the interview, the Prime Minister remarked that Europe is playing with fire, teetering on the brink between peace and war. He criticized European leaders for two years of indecision regarding strategy and sanctions, drifting not from war towards peace…

MOL Discovers New Oil Deposit in Hungary

The new oil deposit has been found by MOL in collaboration with another Hungarian company, O&GD Central Ltd. The new site is currently producing around 1,000 barrels of crude oil per day….

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