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Multipolarity in a Changing World Discussed at Danube–Heritage Geopolitical Summit

During the third panel of the conference some of the renowned experts held that the future will be about a multipolar world the axis of which are non-Western countries, particularly China, while others argued that the 21st century is still…
Ursula von der Leyen and Mario Draghi pose with copies of the Draghi Report in Brussels on 9 September 2024.

Draghi Report on Competitiveness: Wise Guidance for the Upcoming Five Years?

Draghi proposes that the EU’s priorities should include the lowering of energy prices, increasing competitiveness, proper governance of industrial policy, and increased defence spending. The EU should no longer rely on others to maintain its security, he argues, since continuing…

Romania in the Schengen Area ‘Hungary’s National Interest,’ Foreign Minister Szijjártó Says

While Romania did partially join the Schengen Area in March 2024, eliminating border checks for sea and air travel with other nations within the zone, Foreign Minister Péter Szijjártó of Hungary would like to see the check-free travel extended to…

Viktor Orbán Met With Romanian Counterpart Before Tusványos Speech

Hungarian Prime Minister Viktor Orbán held talks with his Romanian counterpart Marcel Ciolacu on Friday, a day before Orbán’s speech at Tusványos. The discussions focused on bilateral relations between the two countries and Romania’s accession to the Schengen Area….
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…
Dr Barbara Kolm, founder and Director of the Austrian Economics Center (C), and Dr Ádám Banai, Managing Director of the Hungarian National Bank for Monetary Policy Instruments (L) in the first panel of the conference

Digitalization, Free Trade, Migration and More — Free Market Road Show Held at Danube Institue

The Free Market Road Show, held for the ninth time, was organized in collaboration with the Austrian Economics Center and the Danube Institute. This year’s speakers discussed topics such as Central Bank Digital Currencies and the related issues of individual…

Péter Szijjártó Shares Insights about Hungary’s Strategic Partnership with China in Radio Interview

The Minister of Foreign Affairs and Trade described the Chinese President’s three-day visit with a 400-member delegation as historically significant. He explained that it has been twenty years since a Chinese President last visited Hungary; moreover, this year marks the…

Historic Visit of Chinese President Xi Jinping to Hungary Yields Eighteen Significant Agreements

Among other agreements, Minister of Foreign Affairs and Trade Péter Szijjártó announced preparations for the joint development of a high-speed railway connection, aimed at enabling swift and comfortable travel from the Liszt Ferenc Airport to the centre of Budapest. In…
Chinese President Xi Jinping and his wife arrive at the Nikola Tesla Airport in Belgrade for an official visit to Serbia on 7 May 2024.

Balázs Orbán Discusses Hungary’s Connectivity Strategy Ahead of Xi Jinping Visit

The political director of the Hungarian PM underscored in an interview with public media that the Chinese President’s visit also signifies that Hungary is becoming a key state in the region. He recalled that it has been twenty years since…

PM Orbán on Hungarian EU Membersip: ‘My, this is not the horse I wanted, this was not the deal’

During the interview, the Prime Minister remarked that Europe is playing with fire, teetering on the brink between peace and war. He criticized European leaders for two years of indecision regarding strategy and sanctions, drifting not from war towards peace…

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