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Hungarian President Katalin Novák and Volodymyr Zelenskyy in Kyiv on 23 August 2023.

Novák and Zelenskyy See Eye to Eye on Need for Cooperation, OTP Bank Could Be Removed from Ukrainian Blacklist

President Novák and President Zelenskyy engaged in a fruitful one-on-one in Kyiv, which may pave the way for more constructive bilateral relations….

Measures Increase Interest toward Government Bonds

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings….

Mihály Varga Speaks of the Importance of Financial Independence

The minister reminded all that the independent Hungarian Ministry of Finance was the first lasting success of the revolution. In April 1848, Lajos Kossuth began working on the establishment of the ministry, and it started its operations in May of…

The European Commission Releases New Report on the Rule of Law in Hungary

The controversial document highlights the ongoing concerns of the EU Commission regarding the rule of law in Hungary. While the country has introduced legislative reforms and anti-corruption measures, there are persistent challenges in areas such as judicial independence, media pluralism,…

Mihály Varga: The 2024 Budget is a Defence Budget

The 2024 budget is a defence budget because during times of war, Hungary needs a budget that guarantees its security, protects families, pensions, jobs, and reduces utility costs, the Hungarian finance minister stated in parliament on Tuesday….

Soros NGO Network Taken Over By 37-Year-Old Alex Soros

Alex Soros will be heading the Open Society Foundations from now on, taking the position over from his 92-year-old father, George Soros. In a recent interview, the new chair claimed he is ‘more political’ than his father, and that he…

Péter Szijjártó Holds Talks with Egyptian Counterpart

During a joint press conference with his Egyptian counterpart, Sameh Shoukry, Péter Szijjártó emphasised that the relationship between the two countries has always been based on mutual respect, and Hungary greatly benefits from it in terms of security and economy….

The Future of Racing in Hungary: The Balaton Park Circuit Unveiled

The brand new modern racetrack at Lake Balaton is ready to host any motorsport event except for Formula 1 and MotoGP races….

OTP Bank’s Ukraine Saga

Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary….

Budapest Municipal Assembly Adopts ‘Survival Programme’, Karácsony Blames Government for Financial Woes

The ‘survival programme’ was approved with 18 votes in favour and 12 abstentions. As a result, the city will take out a 16.6 billion forint loan for project development in 2023. The loan is going to match the support provided…

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