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Viktor Orbán arrives in Esztergom, Hungary for an off-site government meeting on 13 October 2024.

Orbán the Villain, Trump the Devil — The Alternative Reality of the Ukraine War

‘Orbán is disinclined to vote on cementing anti-Russia sanctions for three years or sending more billions of dollars to Kyiv until after the US election. The race for the White House is incredibly tight, and the candidates stand starkly opposed…
The leaders of Brazil, Russia, India, China, and South Africa meet at the annual BRICS Summit. New Delhi, India, 29 March 2012

The Rise of BRICS, De-Dollarization, and the Global Economy

In the short term, the process of de-dollarization is exploiting the current state of the business cycle in the US and EU. Just a small decrease in the number of transactions in which the dollar is denominated will cause a…

PM Orbán Promises Safety for Hungarian Families after Iranian Retaliatory Strike Against Israel

Iran launched an unprecedented air strike against Israel on Saturday night. Hungarian Prime Minister Viktor Orbán reacted by convening the Defence Council on Sunday. The PM reassured Hungarian families that the government is committed to protecting them should the conflict…
A coal power plant (illustration)

How Will Global Carbon Emission Be Reduced While Coal Use in Power Plants Continues to Increase?

Despite climate and clean energy transition targets, the current energy crisis has forced many countries to increase coal-based power generation. The question is: can we expect a turn in coal use in the shorter or longer term, and closely related…
The flags of the BRICS nations at the 2023 BRICS Summit in Johannesburg on 24 August 2023.

Old World Geostrategy — Part III

The following is Part III of a three-part analysis that sets out to illustrate the three fault lines that are about to redraw the geostrategic map of the Old World….
(From L to R) President of China Xi Jinping, President of Brazil Luiz Inacio Lula da Silva, South African President Cyril Ramaphosa and Prime Minister of India Narendra Modi gesture during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on August 24, 2023. (Photo by Marco Longari / AFP)

15th BRICS Summit: What Can Hungary Learn from the Efforts to Restructure Global Economic Architecture?

Both the G7 and the BRICS countries are led by self-interest. Superpowers are superpowers, whether they are Western or Eastern: they intend to expand their influence on the global stage. The lesson for Hungary is to maintain good relations with…

Energy Shock and Diplomacy: Japan and Hungary in the Same Predicament?

As Japan’s example continues to illustrate, hope and one’s true objective must never be forgotten, let alone given up. For Hungary, as for Japan, national interests and the progress of the nation constitute both the foremost goal and the means…
Ukrainian President Volodymyr Zelenskyy giving a press conference during the NATO Summit in Vilnius, Lithuania on 12 July 2023.

NATO Promises a Shared but Undefined Future to Ukraine

At first glance, the declaration of wanting to see Ukraine in NATO does not seem much more than what the country was already told in 2008. But the truth is that Ukraine is closer than ever to joining the Alliance,…

The Risk in Not ‘De-Risking’ with China

‘There is also a way to deal with the world’s largest economy, for the US Dollar (USD) is not going to decline anytime soon. Those who claim that the USD is in decline often argue that for centuries, reserve currencies…
August Xaver Karl von Pettenkofen - The Market at Szolnok, Hungary

What Kind of Hungary in What World?

It is high time to start building a close strategic partnership with the new member of the ‘Central European family’ that—as the only one of us—got a seat at the G7 table while it is fighting a heroic fight for…

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