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Officials, including South Africa's President Cyril Ramaphosa, Russia's President Vladimir Putin and China's President Xi Jinping, attend a plenary session in the outreach/BRICS Plus format at the BRICS summit in Kazan on 24 October 2024.

Will the Expansion of BRICS Dethrone the Dollar as the World’s Reserve Currency?

Despite BRICS countries’ impressive recent expansion and acquired regional and international leverage both economically and politically, the US dollar’s position as the global reserve currency seems unshakable at present…Upon examining the situation globally, it can be observed that 90 per…

Budapest en Route to Transformation into a Regional Hub

On 21 June a joint press conference was held by UAE Minister of Economy Abdulla bin Touq Al Marri and Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. During the conference, an agreement to deepen bilateral relations through agricultural…
Aerial view of an unidentified person walking on a deserted road covered by sand dunes with the Dubai skyline in the background. Dubai, United Arab Emirates

COP-Out in Dubai

‘It is debatable whether the COP negotiations themselves achieve much, given that a global consensus is typically only possible when the wording is so vague as to mean anything, which is closer to meaning nothing than something…What is clear, however,…
Israeli Prime Minister Benjamin Netanyahu (C) with his wife Sarah behind him, signs the visitor's book on the Great Wall of China at the Badaling Pass just north of Beijing, 27 May 1998

HAIKU States, Trade Leagues, and Hungary in the Multipolar Era

‘The HAIKU states present a novel approach to exploring and understanding how statesmen and national leaders can navigate a dynamically changing global political landscape, marked by shifts in power balances, evolving alliances, and heightened strategic competition.’…

Carlos Roa: ‘The visit of the Chinese President to Budapest is a geopolitical signal’

Xi Jinping’s visit to Europe—the first in five years—is expected to be mainly business. The Chinese president is coming primarily to conclude new deals in the three countries he visited: France, Serbia, and Hungary. According to Carlos Roa, a guest…
Hungarian Foreign Minister Péter Szijjártó and his UAE counterpart Sheikh Abdullah Bin Zayed in Abu Dhabi on 12 November 2018

Two Critical Visits to Open New Stage of Hungarian⁠–⁠UAE relations

The recent signing of a military and defence industry cooperation agreement between Hungary and the United Arab Emirates introduces a new dimension to their bilateral relations. Hungary’s status as a NATO member, combined with the UAE’s robust partnership with the…
Prime Minister Viktor Orbán (C) and Young Hyun Jun (C-R), CEO of Samsung SDI, plant trees at the opening ceremony of Samsung’s factory in Göd, Hungary on 29 May 2017.

Major Investments in Hungary — A Brief Overview

About 5 per cent of the Hungarian GDP is generated by the auto industry, therefore, initially, the EU’s decision to ban the sale of all new combustion-engine cars in 2035 was met with resistance in Hungary. Due to the ban,…

Budapest Municipality Seeks Public Input on Planned Investment

At a press conference titled Park City or Rákosdubai, Budapest Mayor Gergely Karácsony stated that in April they will launch a month-long online voting process where every Budapest resident over the age of 14 with a registered address can express…
Viktor Orbán looks at Biden as the US President extends his hand to him before the group photo at the NATO Summit in Vilnius on 11 July 2023.

Choosing Between the US and China

‘Could Biden’s token [of shaking hands only with Orbán when arriving for the NATO group photo in Vilnius], as some experts suspect, have been an invitation to the Hungarian government to hop on board the US geopolitical bandwagon and forget…

Foreign Minister Highlights Importance of Nuclear Energy in Abu Dhabi

The minister held talks with ministers and was part of an energy conference panel discussion, where he emphasised the importance of renewable energy, electric vehicles and nuclear power….

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