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sanctions

Hungarian Citizens Continue to Pay the Lowest Utility Fees in the EU

Speaking at the opening of an MVM customer service office in Nagykáta, Pest County, Zsófia Koncz emphasized that since 2013, the government has considered keeping the utility cost reduction programme in place a top priority….

Viktor Orbán holds Bilateral Talks with Vladimir Putin

Viktor Orbán and Vladimir Putin last met in person on 1 February 2022 in Moscow, before the outbreak of the war on Ukraine. This time the two leaders discussed energy matters and bilateral cooperation. During their meeting, the Hungarian PM…

Hungarians Still Pays the Lowest Electricity and Gas Prices in the European Union

Despite the sanctions and the war driving up energy prices, the Hungarian measures to combat inflation and price increases are undeniably working. While EU countries scramble to look for new avenues to import electricity and gas, the Hungarian plans and…

A Hungarian Bank and The Scope of Ukrainian ‘Naming and Shaming’

It seems that even the most vocal supporters of energy sanctions do not want to give up Russian gas at all cost, which has led to some unusual but rather obvious solutions. Today, fossil fuels from Russia are being transported…

OTP Bank Removed from Ukrainian Blacklist

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from…

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…
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….

Government Measures Prove Effective Against Inflation

For the government, the successful fight against inflation is a key issue as it aims to restore the previous trend of continuous wage growth, disrupted by the protracted war and the misguided sanctions….

Russia’s Worldview: Katechon and Atomic Orthodoxy

The rhetoric of spiritual mobilization, of Russia’s responsibility for the fate of the world, and of the ‘burden of the Russian people’ is becoming dominant once again as it was many times before during tragic periods in Russian history. Economic…

Food Prices Drop Significantly Thanks to Price Monitoring System

According to the ministry’s statement issued on 4 August, in July the average prices of products in 62 product categories decreased by an average of 7.7 per cent. This reduction was a result of price decreases in 53 product categories…

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