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Central and Eastern European Economies Begin 2024 with Stable Sovereign Credit Prospects, Reports Moody’s

According to the ten-page study by the international credit rating agency, the stable outlook is supported by the region’s expected robust macroeconomic performance. In addition, the economies of the countries in the region have been relatively resilient to the European…

Economist Sven R. Larson: ‘Hungary deserves respect, not critique’ from EU

‘Since Viktor Orbán became prime minister, his country has had one of the strongest economies in Europe. While the economies of Germany and France have been sputtering and stumbling, Hungary has continued to set an example of economic prowess and…

Hungary Receives Additional 170 Billion HUF in EU Allocations, Looks to Strengthen Economic Growth in 2024

According to the minister’s briefing, this brings the total amount of EU funds allocated to Hungary in the past days to a substantial 470 billion forints. Last Thursday witnessed a transfer of €779.5 million (equivalent to 300 billion forints) from…
Finance Minister Mihály Varga and Zoltán Kurali, CEO of the Government Debt Management Agency arrive for a press briefing in the Ministry of Finance on 1 December 2023.

Hungarian Government Maintains Budget Stability Amidst Global Challenges

Despite extraordinary expenditures, the government has consistently reduced the budget deficit and the national debt year after year, the Ministry of Finance emphasized in its interim report released on the situation of the central subsystem of public finances, excluding local…

Nézőpont Institute Debunks Suggestion that Romania Has Surpassed Hungary in Terms of Economic Growth

There have been misleading press reports suggesting that now Hungary lags behind Romania, based on Eurostat’s fresh data that say that in 2022, Hungary’s GDP per capita at purchasing power parity was 76.6 per cent of the EU average, while…

The Stupidest War: The Role of Britain in the Russia–Ukraine Conflict

‘The fact of the matter is that this is the West’s stupidest war with Britain helping to lead the way: unnecessary, unaffordable, and unwinnable.’…
The building of the Mercedes plant in Kecskemét.

Government Launches Automotive Supplier Development Programme

On the basis of the ten-point proposal developed by the Ministry of Economic Development, the Hungarian government is launching a 2.9 billion forint Automotive Supplier Development Programme to enhance the role of Hungarian businesses as suppliers of multinationals in Hungary….
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….
People visit the China stand during the 6th China International Import Expo (CIIE) in Shanghai on 5 November 2023.

Hungary Committed to Becoming Region’s Top Destination for Chinese Investors, Minister States in Shanghai

On the margins of the sixth China International Import Expo, Economic Development Minister Márton Nagy held talks with the leaders of the Industrial and Commercial Bank of China (ICBC), the world’s largest commercial lender, emphasizing Hungary’s aim of becoming a…

Hungary Climbs Two Positions in Global Wealth Ranking

This positive trajectory in Hungary’s financial landscape had an impact on the nation’s global ranking in terms of wealth. Hungary has advanced two positions, now sitting at 30th place among the world’s nations, demonstrating the country’s progress despite the challenging…

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