Innovation and Technology Minister László Palkovics submitted the government’s energy and climate protection strategies to parliament’s sustainable development committee on Tuesday. Presenting the document, Palkovics said that Hungary would need funds totalling 50,000 billion forints (EUR 150bn) to make its economy carbon-free by 2050, thus meeting the European Union’s requirements of climate …
Read More »Government to Punish Budapest for Local Election Results?
After their local election defeat, the government wants to punish Budapest by not allocating money for the capital in the next EU funding period, leftist daily Népszava writes, referencing government documents. The government denies any allegations, calling it fake news. Meanwhile, economic news portal Portfolio states that Budapest receiving structural and investment …
Read More »Govt Working to Reduce Public Debt to 60 pc of GDP by 2022, says Finance Minister
The government is working to further reduce the public debt, aiming to push it under 60 percent of GDP by the end of 2022, Finance Minister Mihály Varga told a press conference on Thursday. The debt-to-GDP ratio is expected to fall to 66 percent by the end of this year from 70.2 …
Read More »Orbán: Govt Ready to Work with Cooperative Local Councils
The government is ready to “cooperate with all mayors and local councils that are themselves ready to cooperate,” Prime Minister Viktor Orbán said in parliament’s opening autumn session on Monday. Referring to the recent local elections, Orbán said that “everybody, regardless of party affiliation, must work for Hungary and the Hungarian …
Read More »Orban on Trump’s Presidential : “Great News”
Meanwhile, Foreign Minister Péter Szijjártó said democracy had emerged strengthened from an “unprecedented election campaign”. He said a new era has begun in global politics as well as in the economy which poses historic challenges to the whole world. Tackling these challenges requires “a new and courageous approach and new …
Read More »Hungarians Government’s Residency Programs Ends
Prime Minister Viktor Orbán reportedly discussed ending the program, whereby foreigners can acquire the right to reside within Hungary and move freely about the EU, with Fidesz party elites as early as September. Recently, Jobbik chairman Gábor Vona conditioned his party’s support of a Fidesz proposal to amend the constitution …
Read More »New “UBER” Launched in Budapest
The Hungarian capital Budapest kicked US taxi app Uber out of its city in July, when it passed a new law denying Uber internet access. That meant that the company had to pull out, but an Estonian company has now rushed to plug the gap.
Read More »Let’s tell Brussels so they understand it, too!
The government campaign to bolster the public’s awareness of a referendum against the EU’s refugee settlement quota has been under way for months. Hungary’s highest court, the Curia, recently approved the referendum and the Fidesz-dominated National Assembly also signed off on it shortly thereafter. As part of the government’s campaign, billboards …
Read More »Uber’s Out; Force Major in 11 Days
Uber’s Outed totally from Hungary in 11 days Hungary is planning to ban the service offered by the US-based mobile ride hail company Uber, according to a government politician. With regulating the taxi industry, the Hungarian government is expressly restricting unlawful activity but continues to support and encourage innovative solutions, …
Read More »