Politics

How Viktor Orbán’s son-in-law capitalised on tax breaks to dominate Hungary’s rich list!

Ráhel Orbán and István Tiborcz Orbán's son-in-law

István Tiborcz, Orbán’s son-in-law, has seen his wealth soar thanks to tax breaks tied to the BDPST Group, which have dramatically sliced his tax obligations.

Following a significant law passed in 2017, the BDPST Group has enjoyed tax relief amounting to approximately 30 billion HUF (EUR 74,058,690.00) over the past five years, which has been transformative for Orbán’s son-in-law Tiborcz’s financial standing. After debuting on Hungary’s rich list in 2019, Orbán’s son-in-law has since tripled his net worth, reaching the 19th spot among Hungary’s billionaires in 2023, according to 24.hu.

Ráhel Orbán and István Tiborcz Orbán's son-in-law
Photo: Instagram / rahel_orban

BDPST Real Estate Distributor Ltd: A profitable core

At the centre of this wealth accumulation is BDPST Real Estate Distributor Ltd, the flagship company of the BDPST Group. Between 2019 and 2023, the company reported an impressive profit of HUF 48.4 billion. From this amount, Orbán’s son-in-law, Tiborcz and other owners collected HUF 5.5 billion (EUR 13,578,306.50) in dividends, while paying minimal or no corporate tax over the years. BDPST Ltd. employed tax incentives and legal frameworks to keep its tax bill strikingly low, a strategy also extended to its affiliated companies.

The real key to BDPST’s tax savings is a 2017 amendment allowing companies to double-count renovation expenses for historic buildings when calculating tax deductions. Thanks to this policy, introduced by the Orbán government, Tiborcz’s company acquired historic properties and funded their renovations with substantial loans, some sourced from the state-owned Hungarian Development Bank. These manoeuvres have kept BDPST’s tax obligations so low that it has effectively avoided corporate tax altogether.

Reaction from the TISZA Party

Péter Magyar, leader of the TISZA Party, has openly condemned this arrangement, accusing the Orbán government of creating what he describes as a “tax haven” for Tiborcz. He argues that Orbán’s government has effectively embedded loopholes in the law to benefit Tiborcz’s companies, further supporting his enterprises with state-backed loans. Magyar went so far as to liken their operation to “Al Capone in kindergarten,” suggesting this issue could prompt significant political shifts by 2026.

Péter Magyar in the European Parliament
Photo: FB/Magyar Péter

What happens to Orbán’s son-in-law’s wealth?

According to Szabad Európa, Ráhel Orbán and István Tiborcz married in 2013 on a grand estate in Fejér County, located in the picturesque Tükröspuszta, on the border of Bicske and Csabdi. Since then, the Tiborcz family has embarked on a property acquisition spree, buying multiple plots, including a forest and various fields. Recent contracts reveal that Tiborcz and his father, Dr Sándor Tiborcz, acquired a total of 19.6 hectares of land—both farmland and forest—in August and September 2024, valued at HUF 75 million (EUR 185,167.28). With this latest acquisition, the Tiborcz family now owns at least 340 hectares in and around their Tükröspuszta estate.

Read also:

Fools of ’56? Hungarian researcher sparks controversy over Heroes of the Revolution – UPDATE

1956

“He who does not recognise overwhelming force is not a hero, but a fool!” – wrote Bálint Somkuti, a researcher at the Research Institute of the Hungarian Sovereignty Protection Office, on the anniversary of the suppression of the ’56 Revolution.

Bálint Somkuti, a researcher at the much-criticised Research Institute of the Hungarian Sovereignty Protection Office, announced his appointment a month earlier in a separate statement. The research institute is headed by József Horváth, an internal intelligence officer of the former party-state, Division III/III.

Today is the 68th anniversary of the suppression of the 1956 revolution, and Somkuti thought it was the right time to denounce the Hungarian revolutionaries who defended their homeland openly.

In addition, according to Gulyáságyú Media, Somkuti originally wrote that “anyone who does not respect the enemy is not a hero, but a fool”, but later amended this.

This is also interesting because he then writes, “Glory to the heroes!” which, presumably, in his understanding, refers to Soviet soldiers and Hungarians who did not participate in the resistance.

1956 somkuti researcher
Source: Facebook

Since the regime change in 1989, Hungarian society has generally held revolutionaries in high regard, regardless of political affiliation. Only during the socialist era did communist educational materials cast revolutionaries in a negative light, according to *Helló Magyar*. This attitude, however, appears to be shifting, with an increasing number of public officials and members of Viktor Orbán’s government now viewing past revolutions as unnecessary patriotic exercises. They believe it might have been more pragmatic to surrender rather than defend the homeland at great cost. Most notably, Balázs Orbán, an advisor to the Prime Minister, recently endorsed this perspective, saying the Orbán cabinet would NOT have defended Hungary in case of a Russian invasion.

Previously, government official Tamás Somkuti had made a similarly controversial remark about the 1956 revolution, which drew significant public backlash. He recently stated that it was beneficial the West did not intervene on Hungary’s behalf in 1956, suggesting otherwise, Hungary’s fate might have mirrored that of present-day Ukraine.

The Hungarian government seems to be cultivating a new narrative to erode society’s reverence for Hungarian revolutionaries. Initially, a few officials voice these views, setting the stage for the sentiment to gain wider acceptance over time. Although the exact motivation remains unclear, it is presumably intended to encourage greater public alignment with Russian actions by downplaying the heroes of 1956.

Meanwhile, the Hungarian flag was lowered to half-mast outside Parliament, commemorating those who sacrificed their lives for Hungarian freedom. Photos can be viewed here.

Read also: North Korean foreign ministry praises PM Orbán for anti-EU stance

UPDATE

Update

It doesn’t need much explanation, the office was right to react to their employee’s outburst against revolutionaries:

“Today, the Hungarian Sovereignty Protection Office terminated the contract of Dr. Bálint Somkuti with immediate effect.”

Viktor Orbán’s defying declaration: Hungary will not pay EU fines!

Viktor Orbán

Viktor Orbán and the Hungarian government’s asylum policies have long been criticised within the EU, as they often contradict EU regulations. The EU Commission has stressed that respecting EU rules on migration and asylum is a shared responsibility of all member states, as the transfer of the problem from one country to another threatens EU unity and solidarity.

A few months ago, Hungary received a EUR 200 million payment notice from Brussels, requiring the government to pay the asylum fine within 45 days. This fine was due to non-compliance with EU migration rules. The country also owes Brussels EUR 1 million for every day it does not pay the fine. Hungary had until 31 October to comply with the 45-day payment notice sent by the European Commission on 13 September. By the end of the summer, EUR 93 million had been collected in daily fines.

The EUR 1 million a day fine was reached in three months and the penalty was ordered following a 2020 ruling by the European Court of Justice. According to Szabad Európa, this follows Hungary’s failure to comply with changes to its asylum system, which has now led the European Commission to consistently enforce the payment notices.

Orbán cabinet may continue to block EUR 45 billion loan scheme for Ukraine until the US elections safety
Photo: FB/Orbán

Viktor Orbán’s letter to the EU

Days before the deadline, Hungarian Prime Minister Viktor Orbán sent a letter to the European Commission, which hinted that Hungary might resist paying. Although the letter’s details haven’t been disclosed, the Commission’s response pointed to Hungary’s obligation to comply, with a spokesperson reminding Member States that EU court rulings are binding. If Hungary misses payments, the debt will increase, leaving Hungary with little choice but to settle it or face more severe financial penalties.

According to Euronews, Hungary’s next deadline is set on the 18th of November, when an additional EUR 60 million fine will be added, potentially bringing Hungary’s debt to EUR 150 million by mid-November. If unpaid, the Commission could deduct these funds from Hungary’s future cohesion funding, as it has done before with other penalties.

european union eu flag hungary
Photo: Daily News Hungary

Fines and penalties inside the EU

In the European Union, a Member State does not have the right to refuse to pay a fine imposed by the European Court of Justice, to change the amount of the fine or to change the conditions set by the court. A spokesman for the European Commission made it clear that Member States must comply with EU court rulings or the daily fine will continue to increase. This is to ensure that member states take responsibility for enforcing court judgments and avoid possible further sanctions.

By imposing a fine of EUR 1 million a day, the European Union is trying to force Hungary to bring its legislation into line with EU standards. The fine will remain in place until Hungary makes substantial changes to its asylum system. The European Commission will keep a close eye on payment deadlines and is ready to withdraw additional funds if Hungary does not settle its debts.

According to the Hungarian government, the European Union owes Hungary approximately EUR 2 billion for border protection expenses incurred since 2015. As Portfolio reported back in August, the Hungarian government argues that EU institutions have been launching politically charged criticisms regarding Hungary’s border security measures. In light of this, they view the EUR 200 million fine imposed by the European Commission as part of ongoing pressure tactics.

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New Gidran combat vehicles and Leopard tanks arrive in Hungary – video, photo gallery

New Gidran combat vehicles and Leopard tanks arrive in Hungary

Defence Minister Kristóf Szalay-Bobrovniczky announced last week that the Tata armored brigade’s equipment fleet had been expanded with new high-tech combat vehicles, further enhancing Hungary’s security.

As part of the Defence and Force Development Programme, the soldiers of the 1st Armoured Brigade of the MH Klapka György received 15 new Gidran combat vehicles and two Leopard 2A7HU tanks.

Gidrans arrived

According to the ministry press release, the new multi-purpose modular armored fighting vehicles can be used as mobile fire control points, observation points, and battery and platoon command points, increasing the sub-unit’s maneuverability in executing the Hungarian Defence Forces’ domestic and international operational tasks. Based on the Turkish Ejder Yalçin combat vehicle, 48 of the 48 military vehicles, which we have renamed Gidrán after the Hungarian horse, are now available to the Hungarian Defence Forces.

New Leopard tanks have arrived

The equipment for the 11th Battalion of the Tarczay Ervin Charge Battalion is also being developed according to the plan. With the two new Leopard 2A7HU tanks, which arrived on Wednesday, the Hungarian Defence Forces already have 26 units.

New Gidran combat vehicles and Leopard tanks arrive in Hungary
New Gidran combat vehicles and Leopard tanks arrive in Hungary. Photo: hmzrinyi.hu
New Gidran combat vehicles and Leopard tanks arrive in Hungary
New Gidran combat vehicles and Leopard tanks arrive in Hungary. Photo: hmzrinyi.hu

The Minister said that, by 2028, forty-four pieces of high-tech military equipment would be delivered to Hungary to strengthen the armored combat vehicle corps.

According to the Defence Minister, the Hungarian Government remains committed to modernising the armed forces. This means that the 2025 defense budget will guarantee the security of the Hungarian people and the continuation of the Defence and Military Development Programme.

As we wrote earlier, Hungary and Sweden have a historic agreement concerning Gripen fighter jets; details are HERE.

Read also – The Telegraph: Washington will store nuclear-capable jets in Hungary – will nuclear warheads come?

PM Orbán and Hungary may become a policymaker in the USA if Trump wins: the background of their bromance

Viktor Orbán Donald Trump Danube Institute

PM Orbán admitted this summer that his people are involved in Trump’s program writing system. The two leaders regularly praise each other’s work. It is unprecedented that a potential US president has such strong ties to a small country’s leader like Hungary’s Orbán. How could PM Orbán get into the inner circles of Trump, and will that relationship be profitable for Hungary? Szabad Európa talked with multiple diplomats, background experts, etc. to unravel the evolution of the unprecedented Trump-Orbán ‘bromance’.

The Trump-Orbán bromance

If you google bromance, one of the first definitions will be: “a close but non-sexual relationship between two men”. John Fund, a well-known American journalist, characterised Trump’s close relationship with PM Viktor Orbán with that word. He added that Orbán knew how to speak with Trump to make him comfortable.

Szabad Európa reminded readers that Orbán endorsed Trump when he was only a presidential nominee in 2016, and it did not seem possible that he could win the primaries. Eventually, he did. Since then, the Orbán cabinet has been spending immense amounts of money to get into the inner circles of the former President.

During the first Trump administration, official lobbyists like Tucker Carlson’s father, Richard Carlson, did that work with David Reaboi. After Biden’s victory, official contracts ended, and new ones were not signed. However, that does not mean the project did not continue. We wrote HERE about Orbán’s Danube Institute, which allegedly spent HUF 0.5 billion on promoting the Orbán cabinet in the USA. Moreover, Rod Dreher regularly writes articles praising the policies of the Orbán cabinet in conservative American papers and received USD 5,666/month for that work in 2022 and USD 8,750/month in 2023.

Orbán Trump saviours of the world
Fidesz-organised Tusványos festival in Transylvania. Photo: Facebook/Viktor Orbán

Party, think tank, and personal relations

The Trump-Orbán relationship has three spheres, Szabad Európa writes. The first is the relationship between the Republican Party (and its wing dominated by Trump) and Hungarian government officials. The media outlet’s sources said those relations are not deep because Republicans do not concentrate on developing international relations.

The second sphere is the think tanks, where the Orbán cabinet may have strategic positions. Several Hungarian organisations are involved, like the Századvég and the Alapjogokért Központ. The latter organises the CPAC Budapest events, which can only happen because the Hungarian government has enough money to cover its costs: CPAC is free for the participants.

Viktor Orbán CPAC United we stand
CPAC in Budapest with PM Orbán. He has enough money to organise it. Photo: facebook.com/orbanviktor

Cooperations with e.g. the Heritage Foundation or the America First Policy Institute (AFPI) may become key if Trump wins, and those think tanks will define many areas of his policies. Allegedly, the AFPI has already drafted more than 300 decrees for Trump.

In 2019, Trump did not know Orbán

Finally, the third sphere is the personal relationship between Orbán and Trump. That developed a lot since in 2019, before the European parliamentary elections, when Orbán finally got an invitation to the White House, Trump did not know his name. Now he does, and regularly mentions and praises Orbán in his campaign addresses.

Tucker Carlson did a lot to boost that bromance. In 2021, he came to Hungary and praised Orbán for seven days. Nobody knows how much the government paid for Carlson because all documents have been classified for thirty years. However, Carlson’s fee was around USD 70,000 then. The American anchorman said he came to Hungary for free.

Hungary Tucker Carlson PM Orbán
Carlson and Orbán. https://www.facebook.com/orbanviktor

Relations with the Trump team are also important

From the Hungarian side, Balázs Orbán played a key part in developing the relationship. He regularly meets and speaks with MAGA Republicans to get into the inner circles of the Trump team. Informants told Szabad Európa that Orbán is in a ‘text message relationship’ with multiple important Republican politicians.

Furthermore, Orbán knows what to tell Trump and how to speak with him. John Fund, a journalist for National Reporter, said Trump wants to hear he is strong, the Europeans are afraid of him, he can negotiate and carry out magnificent things. Strongmen are his weakness, and Orbán perfectly fits that role.

orbán and trump
The first meeting in 2019. Their relationship has developed a lot since then. Photo: facebook.com/Orbán Viktor

Orbán knows that when Trump wins, his schedule will become tight. Therefore, he allocated immense resources to solidify his relations with key figures around Trump. One of them is Donald Trump Jr.: he was in Budapest this June and held talks with PM Orbán. Another important figure is Trump’s VP candidate, J.D. Vance, who praised Orbán in multiple interviews.

Read also:

  • Trump’s triumph could mean PM Orbán’s defeat and a government change in 2026 – read more HERE
  • Opinion: The Trump-Orbán bromance – details in THIS article

Orbán predicts major shift in Western politics: ‘Pro-peace, anti-migration’ forces to gain majority in Europe and US

Viktor Orbán

The Western world faces a sea change, Prime Minister Viktor Orbán said in an interview with public radio on Sunday, arguing that a new “pro-peace, anti-migration and anti-gender” majority was emerging.

“These are the forces that we, the Patriots, represent in Europe, and I think these are the forces that will win the election in the United States on Tuesday,” the prime minister said.

Orbán insisted that early in 2024 he had predicted that the balance of power in the West would shift by the end of the year.

He said this had turned out to be correct, pointing to the formation of the Patriots for Europe group after the European Parliament elections. He added he expected the new grouping to soon become “the majority force” in Europe. “There’s also a sea change in America: it will be out with the Democrats and in with the Republicans, and Donald Trump will be the president again,” he added.

Orbán said this meant that the pro-peace political forces would be in the majority in the West by the end of the year.

“Today there’s a pro-war majority in the Western world, but after the US election there’ll be a pro-peace one,” the prime minister said. “There’s a pro-migration policy in the Western world, but after the US election, together with the European Patriots, there will finally be a Western majority that wants to end migration.”

He said there was also a “pro-gender world” in the West today that wanted to “tear the traditional family apart”, but this, too, would change after next Tuesday, and “together the Patriots and Donald Trump will pursue a policy that protects traditional families”.

Orbán said it was up to Europeans to decide where Europe’s place would be. “Right now we’re sitting on a stool in the corner while the Americans and the Russians negotiate,” he said. “We have to pull ourselves together, that’s what we’ll have to do in Budapest,” he added, referring to the upcoming European Political Community summit.

The prime minister also said he did not think the US presidential election would be close, and trusted that there would be a pro-peace president in the US. “If America becomes pro-peace, as we expect it to, then Europe won’t be able to remain pro-war, either,” he added.

Orbán said Europe could not bear the burden of the war “which the leaders of the European institutions pushed it into” on its own. “If the Americans shift to peace, then we have to adapt to that as well; that’s what we’ll be discussing in Budapest.”

He noted that the Eastern world had held a summit last week in the form of the BRICS summit, which had now included more members. He said this would not have been “serious news 20 years ago”, but today these countries accounted for a greater share of the global economic output than the West.

“The Easterners gathered and decided what they will do, and next week the Westerners will gather in Hungary,” Orbán said, noting that 45-47 heads of state and government are set to attend the coming European Political Community summit.

He said the summit was set to be the biggest-ever diplomatic event in Hungary’s history, noting that apart from EU leaders, it will also include the leaders of the UK, Turkiye, the Caucasus and the Northern and Western Balkan countries.

Orbán said the summit will focus on the US presidential election and reversing Europe’s declining competitiveness.

Former European Central Bank chief Mario Draghi is also scheduled to attend the summit to discuss a recent study he has written on the EU’s competitiveness, the prime minister said.

Turning to the recent economic data, Orbán said there were “no problems with industrial output in Hungary”, and the policy of trade neutrality was needed because of “trade-related problems”.

He said Hungary was home to the most advanced automotive plants as well as factories that produce parts for the aviation industry, while defence industry capacities have also been expanded. “So there’s nothing wrong with Hungarian industry,” he said.

Orbán said Hungary had “achieved a fantastic level” in terms of industrial production over the last 14 years. “Our factories are advanced, most of the managers are now Hungarian, and the foreign companies also have fantastic staff who run these plants to the highest global standard,” he said.

The problem, he said, concerned trade, explaining that the products coming out of these plants had to be sold, but the global market was in trouble, “and the European market especially so”, which is why a policy of “economic neutrality” was needed.

“Hungary isn’t producing less because it doesn’t have good factories, workers or technology, but because there’s no demand,” he said. “That’s how the global economy works … but there’ll be a huge need for these products, especially electric vehicles, in the global economy.”

The prime minister said that after this year’s slowdown, the economy would grow by 3.5 percent next year because major plants would begin firing up. He added, however, that if Hungary “is unlucky”, global trade would be down, and the country would not be able to export what it produces.

Orbán said the government expected production at BMW’s plant in Debrecen and the Chinese electric vehicle plant near Szeged to contribute to Hungary’s economic growth next year.

Orbán said the world economy “will right itself somewhat” and Europe may also see improvements, so trade problems were likely to be ironed out.

Hungary must maintain “economic neutrality” to ensure its “world-class” products can be purchased in the East if demand wanes in the West, he added.

The prime minister said the Hungarian Chamber of Commerce and Industry, which now has a new head, was the government’s most important partner for ensuring economic growth, wages, jobs, and vocational training, and he hailed the chamber’s achievements over the past 14 years, adding that he looked forward to working with the organisation’s new president.

The government, he said, did not want to interfere in wage negotiations, which were up to employees and employers to thrash out. Orbán added that hopefully they would agree on a three year deal which would maximise predictability.

Regarding government loan subsidies, the prime minister said the country was now at the point that it could provide support for young workers as well as students.

He said loans must be linked to work as “we don’t want to support the indolent”. But most people wanted to learn a trade and use it in gainful employment, he added, noting the introduction of a virtually interest-free, 10-year loan of 4 million forints for 17-25 year-olds. Those raising a child can suspend repayment for 2 years after the first child and another two-and-a-half years after the second; the whole debt is forgiven after three children, he noted.

Regarding the Sándor Demján support scheme for small entrepreneurs, he said generally small businesses everywhere faced difficulties, and the scheme would help them secure capital. The state will invest by providing a deposit loan to such businesses, with a view to expanding their size and opportunities, he added.

The prime minister said EU tenders were underway and would soon be announced, and in contrast to the “horror stories” claiming the cupboard was bare, 12 billion euros “are in our account, waiting for entrepreneurs to take these funds…” Orbán said the government targeted growth of 3-3.5 percent next year, and SMEs, as well as large companies, would contribute to it.

Read also:

North Korean foreign ministry praises PM Orbán for anti-EU stance

Kim Jong Un North Korean students

North Korea recently praised Hungarian Prime Minister Orbán Viktor for his bold stance against the European Union, as highlighted in his October 23 address defending Hungary’s sovereignty. In a statement on its Foreign Ministry’s website, North Korea echoed Orbán’s criticism of EU interference, signalling an unlikely nod of approval from the reclusive state. This rare acknowledgement reflects North Korea’s interest in anti-EU sentiments amid its own growing alignment with Russia.

North Korea praises Orbán in a statement

It appears North Korea, led by Kim Jong Un, has taken note of Hungarian Prime Minister Orbán Viktor’s rhetoric against the European Union, going so far as to praise him, Népszava spotted. In a statement released Saturday on the North Korean Foreign Ministry’s website, Orbán’s comments on defending Hungary’s sovereignty caught the regime’s attention, leading to an unusually favourable response.

Kim Jong Un North Korean students
Source: depositphotos.com

The statement references Orbán’s October 23 address, where he criticized the EU’s influence, asserting Hungary’s sovereignty against increasing European pressure. According to North Korea, Orbán emphasised that the European Commission and the European People’s Party have targeted his government in an attempt to eliminate independent Hungarian politics. The EU, he argued, treats member states as mere administrative districts, but Hungary would resist any attempts to turn it into a Brussels-controlled satellite. “Hungary is unafraid of imperialist threats and will not tolerate becoming a puppet or subject state,” the statement paraphrased.

Find the whole statement in English below:

“Prime Minister of Hungary, in a commemorative event, clarified his country’s stand to defend sovereignty of the country in the face of the ever-growing pressure of the European Union. He said that the European Commission and the Group of the European People’s Party are in a plot to overthrow Hungarian government and end Hungarian independent politics. He mentioned that Brussels does not need to exist as it dictates its will upon EU member states regarding them as its own administrative district and that it is only proper that EU respect the sovereignty of European countries. Hungary is not afraid of threats from imperialism and will show no tolerance to being reduced to a puppet state and a subject state of Brussels, he said and stressed Hungary’s determination to fight for freedom.”

The statement did not mention Orbán by name

Interestingly, the Pyongyang Foreign Ministry’s release omitted any mention of Orbán by name, referring only to “Hungary’s Prime Minister.” It also left out references to Hungary’s 23 October national holiday, which commemorates the 1956 uprising against Soviet occupation. The statement, issued in Korean, English, Chinese, Russian, and Spanish, used broad language rather than direct quotes.

Orbán’s speech also included sharp remarks about EU interference in Hungary’s internal politics. He claimed that “the puppet government has already been chosen,” with the EU allegedly supporting a particular party and candidate to serve its interests. According to Orbán, while his government stands firm for Hungarian independence and interests, the Hungarian opposition has willingly aligned itself with the EU’s “imperial agenda.”

The foreign ministry’s statement comes just days after Kremlin spokesperson Dmitry Peskov praised Orbán’s approach to foreign policy, highlighting Orbán’s commitment to an “independent position” that stands apart from the “contradictory and short-sighted” policies of EU foreign policy head Josep Borrell.

North Korea, meanwhile, has been in international headlines recently for its intercontinental ballistic missile tests and its support of Russia in the war against Ukraine.

Read also:

Featured image: depositphotos.com

Hungarian agricultural reforms drive 6.4% growth in farm exports, minister highlights key markets and increased funding

land agriculture farm export

The Hungarian government’s agricultural and food industry reforms boosted farm export growth by 6.4 percent in the first half of the year, the agriculture minister said on Sunday.

Farm exports came to 8.17 billion euros in the first seven months of the year thanks to the development funds earmarked for the sector, up 494 million euros from the same period in the previous year, István Nagy said on Facebook, adding that food industry exports rose by 7 percent.

Hungary’s top five export markets in the first half were Germany, Italy, Romania, Austria and Poland, accounting for over 54 percent of farm exports, the minister said. He said the share of processed products among farm exports rose to 74.2 percent from 62 percent in the period, while the share of raw produce fell to 25.8 percent.

Hungary considers agriculture a strategic sector, and is the only European Union country to have raised its national co-financing threshold to the maximum 80 percent for farming subsidies, Nagy said, adding that this has tripled the funding available for rural development.

Over the last three years, Hungary has spent 400 billion forints (EUR 979.1m) on the development of livestock farms, more than 100 billion on the upgrade of horticultural facilities, close to 230 billion on the expansion of food industry capacities and 180 billion forints on advancing precision farming, Nagy said. The government has also disbursed more than 55 billion forints among small farmers, he added.

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Political summit in Budapest: Western leaders to gather for historic meeting

Budapest Chain Bridge and Buda Castle western leaders

Next week, Budapest will host a major diplomatic event as 45 to 47 heads of state and government from across the Western world converge on the Hungarian capital. Prime Minister Viktor Orbán announced that the gathering, billed as the largest diplomatic event in Hungary’s history, will bring together both EU leaders and high-ranking officials from non-EU countries, focusing on topics like European competitiveness and the U.S. presidential election outcome.

Following last week’s BRICS summit in Kazan, which Prime Minister Viktor Orbán described as the Eastern world’s gathering, Hungary will welcome dozens of Western leaders to Budapest. Orbán announced on Kossuth Radio’s Sunday News (Vasárnapi újság) programme that the Hungarian capital will host 45 to 47 heads of state and government leaders next week, making this the largest diplomatic event in Hungary’s history, HírTV reports.

Budapest Chain Bridge and Buda Castle
Budapest Chain Bridge and Buda Castle. Photo: depositphotos.com

The prime minister highlighted the significance of this event, noting that it will not only feature key EU leaders like those from Germany, France, and the Netherlands but will also include non-EU representatives from the United Kingdom, Türkiye, the Caucasus, and the Balkans, Economx writes. “The Eastern leaders met, made their decisions, and now the Western leaders will convene here in Hungary,” Orbán remarked, referring to the European Political Community (EPC) summit.

Orbán outlined two main issues for the summit’s agenda. First, the event will closely follow the U.S. presidential election, which will occur just two days prior. Second, leaders will address Europe’s declining competitiveness, a pressing concern for the region’s future. Among the expected attendees is former Italian Prime Minister and former President of the European Central Bank Mario Draghi, who recently authored a comprehensive study on EU competitiveness.

The summit will take place at the Puskás Arena in Budapest, where preparations are already underway. Zoltán Kovács, Hungary’s Secretary of State for International Communication and Relations, recently shared updates on social media, highlighting the logistical work being done to host this high-profile event.

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Featured image: depositphotos.com

Fidesz MEP criticises opposition for backing EU proposals ‘undermining national sovereignty and Hungary’s interests’

Budapest cooperation Péter Magyar Tisza Party Fidesz live televised debate

Csaba Dömötör, an MEP of ruling Fidesz, has criticised MEPs of opposition Tisza for supporting an EU proposal “to introduce new sources of revenue partly to the detriment of members’ revenues” adding that “the room for manoeuvre of the bureaucracy in Brussels would increase and that of national governments would be reduced.”

“This is what curbing sovereignty in practice looks like,” Dömötör said on Facebook on Thursday.

Fidesz also slammed Tisza Party

Dömötör also slammed Tisza for their voting for the EU’s migration pact, supporting a proposal “to allocate more funds for LGBT propaganda” as well as supporting that “Hungary should continue to be prevented from accessing EU funds due to the country.”

The MEP insisted that leaders of the EU “throw money to the wind of war without counting”, and said that those amounts needed to be re-allocated from other areas or they should “increase revenue collection”. To that end the EU would reduce farm subsidies, withhold amounts from members and seek the introduction of revenues in a way that could financially impact members.

Read also:

Kremlin spokesperson praises Orbán’s “independent and constructive” approach

Viktor Orbán

In a recent statement, Dmitry Peskov, spokesperson for the Russian president, praised Hungarian Prime Minister Viktor Orbán’s approach to foreign policy, highlighting Orbán’s commitment to an “independent position” that stands apart from the “contradictory and short-sighted” policies of EU foreign policy head Josep Borrell.

According to 444.hu, Peskov emphasised that Moscow values Orbán’s determination to shape Hungary’s economic and diplomatic strategy to suit its own interests, even when it diverges from the EU’s mainstream approach. While expressing respect for Orbán’s autonomy, Peskov clarified that Russia has no intention of meddling in European politics and aims to avoid getting entangled in EU’s internal conflicts.

Viktor Orbán
Source: Facebook / Viktor Orbán

Orbán’s speech and his Georgia visit

On the 23rd of October, Hungarian Prime Minister Viktor Orbán stirred up controversy with comments suggesting a “Brussels conspiracy” aimed at toppling the Hungarian government, sparking both domestic and international backlash. Shortly afterwards, Orbán’s visit to Georgia caught analysts’ attention as a potential nod to Russian interests. Given Georgia’s own struggles with Russian influence and election controversies, Orbán’s timing appeared significant, leading 13 EU foreign ministers to criticise the visit as a move that disregarded the EU’s expectations regarding Georgia’s governance and reform.

Orbán’s visit aligns with his recent commitment to a “neutral” economic policy, as laid out in Tusnádfürdő, where he announced Hungary’s intention to balance between global powers. Though Orbán has publicly positioned Hungary as neutral since September, the approach is causing tension among EU and NATO allies, who view his strengthening ties with Russia and China as incompatible with Hungary’s membership in both organisations.

Orbán Viktor Georgia
Source: Facebook / Viktor Orbán

A statement from EU ministers

According to 444, the same 13 EU foreign ministers issued a statement condemning the irregularities in Georgia’s recent parliamentary elections, citing evidence from international observers that showed breaches of democratic standards. The ministers pressed the Georgian government to uphold the international electoral standards required for EU membership and called Orbán’s visit to Georgia “premature” and unnecessarily divisive. His presence also sparked tension locally, with mass protests erupting over the contested election results and even instances of Orbán being booed while near protest zones.

The statement from the EU’s 13 foreign ministers went on to demand impartial investigations into Georgian election complaints, insisting on accountability for any identified irregularities. They also urged the Georgian government to respond to the protests peacefully and stressed that Hungary, as a fellow EU member, should not endorse actions that undermine the democratic principles the EU represents.

Viktor Orbán’s approach is carving out an increasingly independent path for Hungary, one that resonates with Moscow but raises red flags within the EU. His recent moves, from his rhetoric on Brussels to his overtures in Georgia and pursuit of “neutrality”, are testing Hungary’s relationships with its EU and NATO allies, placing it in a delicate balancing act between East and West.

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Hungarian government prioritises family support, plans major tax relief boost

family tax benefits Hungary's population families

The government is on the side of families and wants to strengthen them, rather than migration, Balázs Hankó, the minister of culture and innovation, said on commercial channel TV2 on Friday.

Hankó said it was important to reaffirm this with the National Consultation public survey and the support of Hungarians.

He noted that the government has passed thirty family policy measures since 2010, leaving HUF 3,600 billion (EUR 8.8 billion) with families through the family tax relief alone. The government plans to double this tax relief in two steps, in the summer of 2025 and at the beginning of 2026, he added. This would increase the tax relief to 200,000 forints for a family with three children, Hankó said.

The family policy measures passed by the government in recent years have made Hungary a family-friendly nation, and “this is recognised in Europe and across the world”, he said.

Hankó said the government respected the elderly and guaranteed their financial security by maintaining the 13th-month pension. He also mentioned the blue-collar credit scheme due to be introduced from next year.

“If [the National Consultation] receives sufficient support, we’ll be able to say that it is not the government that Brussels has a disagreement with, but the Hungarian nation,” Hankó said.

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Featured image: depositphotos.com

Hungary stands alone: Orbán declares nation a ‘conservative island’ in Europe’s ‘liberal ocean’

orbán in austria

Unlike many other European Union member states, Hungary has not taken in people belonging to foreign cultures, Prime Minister Viktor Orbán said in an interview with Austria’s ServusTV on Thursday, adding that Hungary pursued a family-friendly policy and was a “conservative island in the European liberal ocean”.

The prime minister said there were more children being born today on the southern side of the Mediterranean than on the northern side, adding that Germany and Austria, for example, were not defending against this trend, but instead saw the solution to this problem in migration policy. Hungary, on the other hand, favoured supporting families, he said.

He said the trend of deaths outstripping births was the result of the policies of the last 30-40 years, noting Europe’s shrinking and ageing population.

Orbán said “money alone” would not increase the birth rate, arguing that a family-friendly culture was needed.

This, he added, required that young people feel secure and choose to have families. He said this called for a predictable economic policy, persistence and a change in mindset, which, he said, meant at least 10-20 years.

Orbán said the European economy was “suffering from pneumonia” and had serious problems.

He cited French President Emmanuel Macron’s recent warning that the EU could be “out of the market” within two or three years, and former European Central Bank chief Mario Draghi’s warning that the European economy could fail.

The prime minister said the signs of this decline were visible in the Austrian and German economies and many other places, underlining the need to make the European economy competitive again.

He said the crux of this problem was energy prices, arguing that Brussels’ policies had led to European companies having to pay 2-3 times what American businesses are paying for electricity, while gas was 3-4 times more expensive. Europe, he added, could not compete like this, and needed a new energy policy, otherwise its businesses would go bankrupt.

As regards migration, Orbán said there were two different kinds of European countries: those that had taken in people belonging to foreign — mainly Islamic — cultures, and those that had not, noting that Hungary belonged to the latter group.

Hungary, he said, only issued as many work permits to those belonging to foreign cultures as were needed in the labour market, and they had to leave the country once their work permit expired.

Orbán said Hungarians believed illegal migration never made matters better anywhere, only worse, arguing that it led to a rise in crime, anti-Semitism and homophobia.

Nobody in Hungary wanted illegal migrants in the country, he said, adding that Hungary was a “conservative island in the European liberal ocean”.

Meanwhile, Orbán said he considered it important for there to be more and more patriotic heads of government in Europe, adding that he trusted that Austria would soon have a head of government from the Freedom Party (FPO). He said there was also a good chance that Czechia would elect a patriotic leader and that Marine Le Pen’s party could form a government in France.

Orbán said four or five EU countries being led by patriotic heads of government would also have a positive impact on Brussels’ policies.

He criticised EU policy, saying that the leadership in Brussels had created a culture and a hegemonic mindset in which one who was not a liberal could not be considered a democrat. He said this culture had been created with the help of US financier George Soros, who was “pumping money” into this kind of politics.

Orbán said there was also room on the political scene for liberals, and encouraged them to express their views, after which voters would make their choice.

Concerning the war in Ukraine, the prime minister said he was not “pro-Russian”, but rather pro-peace, adding, at the same time, that the conflict was a “fraternal war which we have nothing to do with”.

He said there was a major risk of the war expanding, which would lead to a world war, and called for an urgent ceasefire and peace talks.

Orbán underscored the importance of next week’s US presidential election, saying that Donald Trump, the Republican presidential candidate, had not started any wars during his presidency, and had ended any ongoing wars as quickly as he could.

As regards stopping illegal migration, the prime minister said he would “sit down with President Trump”, and Europeans and Americans could conclude “good agreements”. He said Trump would be replacing a “pro-war president” as a “pro-peace president”, which could also bring about change in the policies coming out of Brussels.

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Hungary and Ukraine negotiate cooperation agreement amid tensions over ethnic Hungarian rights

zelensky ukraine hungary minority

Talks are underway on concluding a comprehensive cooperation agreement between Hungary and Ukraine, which must include the restoration of the rights of Ukraine’s ethnic Hungarian community, a spokesman for the foreign ministry said on Friday, in response to a statement made two days earlier by Ukrainian President Volodymyr Zelensky.

zelensky ukraine hungary minority
Photo: MTI/Bodnár Boglárka

“We made it clear to the Ukrainian side during the talks that Ukraine’s intention to join NATO cannot be part of this agreement,” Máté Paczolay said.

“We have presented our position on this issue multiple times, and it remains unchanged. Ukraine’s accession to NATO would cause the outbreak of a third world war,” the spokesman added.

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Hungarian foreign minister talks about EU punitive tariffs against Chinese e-cars

No solution on the battlefield says FM Szijjártó

The European Commission’s punitive tariffs on Chinese electric vehicles are “another blow to the continent’s competitiveness”, Minister of Foreign Affairs and Trade Péter Szijjártó said in Budapest on Thursday.

The measure serves the interest of neither European countries nor businesses, Szijjártó said in a post on social media. He added that the European Union’s executive, led by Ursula von der Leyen, had “disregarded” the positions of member states and big European businesses with the step.

He noted that just ten of the 27 EU member states had backed the measure, while European automotive industry companies had fought it “tooth and nail”. “The success of Europe’s electromobility strategy is difficult to imagine without cooperation with Chinese suppliers,” he added.

He pinned the blame on the EC president for putting Europe “in a war it will lose”, while reducing the weight of the EU in the global economy and in global politics.

The EC on Wednesday imposed countervailing duties on imports of EVs from China for a period of five years. The duties are in force from Thursday.

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  • National economy minister: Hungary’s growth hindered by external factors, especially automotive decline – read more HERE
  • Hungarian government unveils new economic initiatives: Blue-collar loans, home renovation subsidies, and family tax credits

Hungarian investment promotion agency HIPA slams EU’s punitive tariffs on Chinese e-cars

HIPA slams EU's punitive tariffs on Chinese e-cars

Car buyers “stand to lose the most” as a result of the European Union’s punitive tariffs on Chinese electric vehicles, the head of the Hungarian Investment Promotion Agency (HIPA) said in a post on social media on Thursday.

István Joó said the measure didn’t serve to protect the interests of the European automotive industry “by a long shot”, pointing to partnerships between Chinese suppliers and companies such as BMW, Audi and Mercedes-Benz as well as those companies’ own manufacturing capacity in China.

The biggest German automotive industry companies take the position that the tariffs hinder global competitiveness and damage supply chains, he added.

He noted that Oliver Zipse, BMW’s CEO, had warned that the tariffs were a “fatal signal” for global trade and could lead to retaliation by China, while Volkswagen Group CEO Oliver Blume had said the car maker would face “significant disadvantages” in the Chinese market as a result of the measure. He added that Ola Kallenius, who heads Mercedes-Benz, had said it was a “complete illusion” to think the automotive world could be divided into regions that have nothing to do with each other.

“The future of mobility in Europe lies in innovation and cooperation, not in tariffs,” Joó said.

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  • National economy minister: Hungary’s growth hindered by external factors, especially automotive decline

Corruption: iconic Budapest hotel sold below the market price to PM Orbán’s son-in-law?

Iconic Budapest Hotel Gellért

Péter Magyar, the leader of the opposition Tisza Party, has slammed deputies of the leftist Democratic Coalition (DK) and ruling Fidesz in the Budapest municipal assembly for “voting together with the mayor [Gergely Karácsony] to sell a part of Hotel Gellért below the market price to István Tiborcz’s circles”.

DK and Fidesz also voted down a proposal to change the assembly’s rules of operation under which “the mayor would have lost his unlimited power in the assembly,” Magyar said.

DK and Fidesz “do not want” deputies to control the selection of the heads of large municipal companies; neither do they want those officials to have a reporting obligation to deputies, Magyar insisted. “Surely they want to continue in the shady dealings they have shared,” he said.

Iconic Budapest Hotel Gellért
Photo: FB/Hotel Gellért

Tisza votes down low household energy bills ‘yet again’, Fidesz’s Budapest leader says

The opposition Tisza Party in the city assembly has yet again voted against the government scheme which saves Hungarian households hundreds of thousands of forints each year on utility bills, Alexandra Szentkirályi, the leader of the Fidesz-Christian Democrat group in the assembly said on Thursday.

Szentkirályi said the party led by Péter Magyar had effectively voted in the energy committee to abolish the scheme, and she cited him as saying previously that the country had been held back because of the “useless” subsidy.

She noted that Fidesz put forward a motion in the city assembly on protecting and maintaining the utility scheme. “But all they could say — led by the Tisza Party — was that they did not support our proposal, and they voted it down,” she said.

The Fidesz politician said Hungarians paid the lowest utility bills in Europe, yet Tisza would “put an end to this in Hungary and Budapest as well”.

“They have proven this for the second time…” she added.

Multiple Fidesz proposals voted down by Budapest assembly, Szentkirályi added

The Budapest municipal assembly voted down several of ruling Fidesz’s proposals concerning housing affordability, Alexandra Szentkirályi, the head of the party’s Budapest chapter, said on Thursday.

Fidesz’s proposals had been aimed at getting the city council to take more effective steps towards resolving the housing crisis, Szentkirályi told public news channel M1.

She said the municipality’s housing agency had only managed to rent out eight flats over the last six months.

“The capital will be receiving billions in European Union funds, and the proposal was to use those funds to help build dorms or company flats instead of channelling the money into … the housing agency,” she said.

“There’s no shame in admitting that you can’t do something and asking for help,” Szentkirályi said. “If the city council is incapable of resolving the housing problem, the government will help.”

She added that she had held “promising talks” in the matter with the national economy minister.

Meanwhile, she said the city assembly had also voted down a proposal from Fidesz which would have called for exploring whether city housing stock could be used to resolve the housing crisis.

Szentkirályi added, at the same time, that the assembly had approved a proposal to look into the city council’s “inefficient” model aimed at keeping utility prices low.

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  • Iconic Hotel Gellért undergoes grand restoration with luxury operator set to take over
  • Check out some VISUALS how the hotel will look HERE

Orbán and Austria’s Kickl sign Vienna declaration for ‘patriotic’ European reform

orbán in austria

Prime Minister Viktor Orbán and Herbert Kickl, the leader of Austria’s Freedom Party, signed a joint declaration in Vienna on Thursday.

Hungary and Austria wanted to reaffirm their commitment to their friendly and neighbourly ties as well as their unwavering historical and cultural relations.

The sides expressed their joint will “to work on preserving and developing the diversity of our wonderful European continent as an alliance of positive reforms”.

“We are especially proud that we have concluded an alliance at a European level, with successful partners from Europe’s great nations, that is aware of the special responsibility arising from the Western character of our continent,” the declaration says. “It is our intention to become a force serving Europe and bringing positive change as equal partners and friends. Patriotism is a form of pride for our own country and its culture. And only those who appreciate their own country can understand and respect others’ patriotism.”

The signatories believe that reforming Europe and the European Union does not call for forced centralisation and making institutions even more complicated, but for “returning power to the people and to the MPs elected by member states”.

The key to a successful reform of Europe lies in appreciating and preserving the diversity of the continent’s peoples, national cultures and lifestyles. The political weight of Brussels needs to be reduced and at the same time, member states’ direct and parliamentary democracy should be strengthened.

“We believe that the greatest danger to European culture is extensive illegal migration and the organised abuse of asylum rights,” the declaration says. “These do not just lead to conflicts between various cultures, but also to the decline of native cultures, thereby threatening the character of Europe itself. All available tools of the rule of law must be used to tackle illegal migration and the abuse of asylum rights.”

The signatories take a firm stand against “the absurd idea that there are other genders besides men and women, and against our children losing their identity already at a young age through left-wing sensitisation efforts”.

The signatories actively support ending the wars going on in the world as soon as possible through ceasefire and negotiations, calling on Europe to provide a venue for peace negotiations and thereby for a return to the original idea that regarded the European Union as a peace project, the declaration says.

“We, the Patriots for Europe, want the European Union to focus on its actual goals, that is to ensure peace, freedom, security and prosperity for as many citizens as possible. We affirm our intention to further consolidate and strengthen our successful alliance internally, as well as to expand it externally,” the Vienna Declaration states.

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