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Bulgaria’s Schengen Membership and the Future of Hungarian–Bulgarian Cooperation

‘Hungarian Minister for National Economy Márton Nagy recently visited Bulgaria and met with President Rumen Radev, Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov, Minister of Economy and Industry Peter Dilov, and Minister of Tourism Miroslav Borshosh….

The Sources of Hungarian Conduct — Part III

‘While trade with Russia is usually condemned in principle, even Ukraine, the victim of Russian aggression, allowed the transit of Russian gas and oil to Europe for economic reasons until a few weeks ago. Politics can never escape economic and…

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…

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