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European economy

President of the European Commission Ursula Von der Leyen rings a bell to start the first meeting of the new College of Commissioners of the European Union in Brussels on December 4, 2024. (Photo by Nicolas TUCAT / AFP)

Reclaiming Europe’s Future Goes Through Bold Reforms

‘The leaders and politicians of our continent need to acknowledge a reality that the average European citizen has already discovered, namely, that Europe is on a dangerous path that will lead to total geopolitical irrelevancy and economic misery.’…

Finance Minister Mihály Varga on Building a Stronger and More Resilient Europe

Minister of Finance Mihály Varga of Hungary shared with a reporter what was on the agenda of the ECOFIN meeting in Luxembourg. The recovery of Europe’s economy, aid to Ukraine financed by loans, climate finance, and the upcoming World Bank…

Viktor Orbán Calls for European Competitiveness Pact at Joint Press Conference with Giorgia Meloni

Hungarian Prime Minister Viktor Orbán stated that Hungary intends to put forward a significant plan during its EU presidency called the European Competitiveness Pact. He believes that Europe’s biggest problem at the moment is the decline in competitiveness….

‘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…

Decoupling vs. Connectivity: Gladden Pappin Dissects the EU and Hungary’s Strategies Towards China for Asia Times

The President of the Hungarian Institute of International Affairs outlined that while the European economy was sluggish in recent years, Hungary was able to continue to grow its foreign direct investments, in large part thank to its relations with China….

Thirteen Hungarian Companies Among the Thousand Fastest-Growing in Europe

The financial software developer Taxually, the manufacturing company Continest, and the logistics and transportation company United Shipping Hungaria have even made the top 100 on the Financial Times’ list. Minister of National Economy Márton Nagy hosted the top executives of…

Hungary Vetoes Joint Statement Over Norwegian Fund Dispute

According to Brussels sources, the Hungarian government’s resistance was in connection with concerns over migration-related policies. However, it may be the case that the Hungarian veto is linked to the almost decade-long dispute with Oslo over the Norwegian Fund….

Can the World Economy Be Made Stable and Growing amidst Dominant Ideologies and Interests?

As regards so-called ‘globalization’, it is becoming evident that—due to technological and supply chains complexities—it is reaching its natural limits. We should, therefore, pay more attention to the rationality of domestic policies….

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