Poland

Russian official: Europe to change its tune when Russian troops are on the borders of Hungary…

vladimir putin speech victory day russian president

A Russian official talked about what would happen if their troops were on the borders of Poland, Romania, Hungary and Slovakia.

Europe’s approach to Russia in the security dialogue will become more constructive when the Russian military approaches the eastern EU states bordering Ukraine, Konstantin Gavrilov, head of the Russian delegation to the Vienna talks on military security and arms control said, according to Mandiner.

He added that

the heat will die down when troops are stationed at the borders of Poland, Romania, Hungary and Slovakia. The tone will be completely different.

In an interview with Tucker Carlson, Russian President Vladimir Putin said something else. He denied that Russia was expanding, said that it would not attack Poland or Latvia, and that those who talk about it are misleading their own citizens.

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V4 heads of govt to meet in Prague

Visegrád4

The heads of government of the Visegrad Group are scheduled to meet in Prague on Feb 27, the Czech government office said on Monday.

The prime ministers of Czechia, Hungary, Poland and Slovakia are scheduled to discuss energy security, the European Union’s strategic goals and illegal migration, the statement said.

Ahead of the meeting, Czech PM Petr Fiala will have bilateral talks with his Polish counterpart, Donald Tusk, on the subject of the war in Ukraine, regional defence cooperation, energy and migration, it said.

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The Rising Tide of E-commerce in Poland: Trends, Growth, and Future Projections

polish e-commerce

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In the dynamic landscape of digital commerce, Poland emerges as a burgeoning market with significant growth potential. As of 2023, the e-commerce sector in Poland has impressively reached a valuation of $22 billion, a testament to its expanding influence and potential, according to the PMR Online Retail Market study. This growth trajectory is not expected to plateau anytime soon; projections suggest an ambitious climb to $31 billion by 2027. The infusion of technology and digital platforms into the shopping habits of Polish consumers has revolutionized the retail experience, with a remarkable 77% of internet users in Poland now embracing the convenience of online shopping. This surge is underpinned by a complex tapestry of economic, social, and technological factors, including the unforeseen consequences of high inflation driven by the war in Ukraine, which has subtly but indelibly altered consumer behaviors. Poland’s e-commerce landscape is a vibrant ecosystem where tradition meets innovation, offering 24/7 shopping convenience, diverse payment options, and a wide array of products and services. Yet, this is just the surface. Beneath lies a nuanced matrix of buyer behaviors, regulatory frameworks, and technological infrastructures that collectively shape the future of e-commerce in Poland. This article delves into these facets, exploring the currents that drive online shopping trends, the regulatory environment that ensures fair play, and the digital infrastructure that supports the seamless exchange of goods and services. Join us as we unravel the complexities of Poland’s e-commerce sector, illuminating the path that lies ahead for retailers, consumers, and policymakers alike.

E-commerce Growth and Market Dynamics in Poland

The trajectory of e-commerce growth in Poland paints a picture of a robust digital economy, poised for continued expansion in the years to come. With an impressive leap to a $22 billion industry in 2023 and expectations to burgeon to $31 billion by 2027, the digital marketplace in Poland is thriving against a backdrop of global economic fluctuations and technological advancements. This growth is not merely a reflection of an increase in consumer spending online but indicative of a deeper shift in retail and business-to-business (B2B) commerce dynamics.

E-commerce’s Increasing Share in Retail

E-commerce’s ascendance to a predicted 20% share of all retail sales in Poland by 2026 underscores a significant shift in consumer shopping habits. The convenience of online shopping, coupled with the expansive reach of digital platforms, has catalyzed this transition. Polish consumers are increasingly turning to the internet for their shopping needs, driven by the desire for a wider selection, competitive pricing, and the convenience of home delivery. This trend is not isolated to Poland but is reflective of a global movement towards digital consumption.

The Impact of External Factors

The economic landscape, particularly the high inflation related to the war in Ukraine, has played a pivotal role in shaping consumer behavior in Poland. Despite these challenges, a substantial portion of the population continues to engage with e-commerce at pre-existing levels, demonstrating the resilience of the digital marketplace. The flexibility and adaptability of online platforms have enabled them to meet changing consumer needs, whether in product availability, pricing, or delivery options.

B2B E-commerce Segment

The B2B e-commerce segment has mirrored the dynamic growth seen in consumer retail. Reaching $90 billion in 2022, this sector showcases the increasing reliance of businesses on digital platforms for sourcing, procurement, and sales. The diversity in technical capabilities among companies, however, highlights a significant area for development. With 84% of companies selling online yet generating less than 10% of turnover through these channels, there is a clear opportunity for growth and optimization in B2B e-commerce practices.

Market Dynamics and Consumer Preferences

The market dynamics of e-commerce in Poland are influenced by a blend of consumer preferences, technological advancements, and regulatory environments. Polish shoppers prioritize accessibility, convenience, and flexibility in their online shopping experiences. The COVID-19 pandemic has further accelerated e-commerce growth, pushing businesses and consumers alike towards digital platforms as a primary mode of transaction. Moreover, the restriction of retail shopping on Sundays in Poland has inadvertently boosted online shopping, highlighting the adaptability of the e-commerce sector to societal and regulatory changes.

Consumer Behavior and Preferences in Polish E-commerce

Understanding the nuances of consumer behavior is crucial for navigating the flourishing e-commerce landscape in Poland. Polish consumers, driven by a blend of convenience, efficiency, and value, are increasingly gravitating towards online shopping, transforming the digital marketplace into a pivotal component of the national economy.

Drivers of Online Shopping

The allure of online shopping in Poland is multifaceted, with 24/7 access, convenient payment options, and flexible delivery services leading the charge. These conveniences have become even more pronounced in the wake of the COVID-19 pandemic, which accelerated the shift towards digital platforms. Additionally, the restriction of retail operations on Sundays has nudged more consumers towards online shopping, further embedding e-commerce into daily life.

Demographic Insights

The digital consumer base in Poland is diverse, spanning across age groups and geographical locations. Notably, the most active online shoppers are typically found in large urban centers and rural areas, with the age group of 29-49 years demonstrating particularly high engagement. This demographic is tech-savvy, value-oriented, and increasingly inclined towards making informed purchasing decisions online. Furthermore, millennials, specifically those aged 26-41, are frequent online shoppers, with a significant portion making purchases several times a week.

Spending Habits and Price Sensitivity

Polish consumers are discerning and price-sensitive, a trait that has been amplified by economic factors such as inflation. The average online monthly spending of approximately $370 per consumer is indicative of the growing confidence in and reliance on e-commerce platforms. This spending pattern is supported by the widespread use of price comparison services, with platforms like Ceneo playing a crucial role in the decision-making process. Polish buyers are meticulous in their search for value, often comparing offers across marketplaces, social media, and online shops before committing to a purchase.

Preference for Local E-commerce Solutions

Despite the global nature of e-commerce, there is a strong preference among Polish consumers for local platforms and shops. Allegro, a local e-commerce giant, remains a favorite, underscoring the appeal of localized shopping experiences that cater to specific consumer needs and preferences. This trend is further evidenced by the fact that cross-border shopping, while growing, accounts for only 30% of online transactions, with consumers often seeking products not available locally or at better prices internationally.

Delivery and Payment Preferences

Delivery preferences in Poland highlight the importance of cost-efficiency and convenience, with parcel lockers and courier services being the most popular options. The e-commerce ecosystem has adapted to these preferences, offering a variety of delivery solutions to meet consumer demands. Similarly, payment method preferences reveal a high trust in digital transactions, with fast transfers, mobile payments, and credit cards leading the way. The popularity of services like PayU, BlueMedia, and BLIK underscores the digital literacy and adaptability of Polish consumers.

Popular Products and Payment Methods in Polish E-commerce

The evolving landscape of Polish e-commerce is shaped significantly by consumer preferences regarding products and payment methods. These preferences not only reflect the current market dynamics but also offer insights into the future trajectory of online shopping in Poland.

Most Popular Online Purchases

In Poland, the e-commerce market is diverse, catering to a wide range of consumer needs and preferences. Clothing and accessories lead the pack, with 79% of online shoppers purchasing these items, highlighting the importance of fashion and personal expression in the digital marketplace. Following closely are shoes and cosmetics & perfumes, purchased by 66% and 65% of online consumers, respectively. This trend underscores the growing confidence of Polish consumers in purchasing personal and size-specific items online, facilitated by robust return policies and detailed product information.

Preferred Payment Methods

The digital economy in Poland boasts a sophisticated array of payment options, reflecting the varied preferences of consumers. Fast transfers through payment services like PayU and BlueMedia are the most preferred payment method, utilized by 70% of online shoppers. This preference indicates a high level of trust in instant, digital transaction methods.

Mobile payments, particularly through the BLIK system, are favored by 58% of consumers, showcasing the increasing reliance on smartphones for conducting transactions in a secure and convenient manner. Credit cards and bank transfers are also popular, used by 43% and 40% of shoppers, respectively, further indicating the diverse and flexible payment ecosystem in Poland.

E-commerce Payment Trends

The popularity of these payment methods signifies a broader trend towards digitalization and convenience in consumer transactions. The “buy now, pay later” option is increasingly being utilized, pointing towards a demand for flexibility in payment scheduling, especially in light of economic uncertainties. This trend is part of a larger global shift towards accommodating consumer needs for financial flexibility while maintaining transaction security and efficiency.

Consumer Trust and Security

The reliance on digital payment methods also highlights the importance of trust and security in online transactions. Polish consumers demonstrate a high level of confidence in the e-commerce payment infrastructure, supported by stringent regulatory standards and technological advancements in cybersecurity. This trust is crucial for the continued growth of e-commerce, as it reassures consumers about the safety of their financial information and transactions.

Regulatory Landscape and Compliance in Polish E-commerce

Navigating the regulatory landscape is a critical aspect for businesses operating in the Polish e-commerce sector. The framework not only ensures a level playing field but also protects consumers and businesses alike. Understanding these regulations is essential for compliance and for fostering a trustworthy online shopping environment.

EU and Polish E-commerce Regulations

Poland, as a member of the European Union, adheres to the EU’s comprehensive regulatory framework for digital commerce. This includes adherence to the General Data Protection Regulation (GDPR), which sets the standard for data protection and privacy, not just in Europe but globally. E-commerce businesses operating in Poland must ensure strict compliance with GDPR, particularly in handling customer data.

The Digital Markets Act (DMA) and Digital Services Act (DSA)

The introduction of the DMA and DSA represents a significant evolution in the EU’s approach to digital markets. These regulations, politically approved in 2022, aim to foster a safer, more competitive, and accountable digital space. The DMA targets the behavior of large online platforms acting as “gatekeepers,” ensuring they don’t abuse their market position, while the DSA focuses on online intermediaries and platforms, mandating transparency and accountability. E-commerce entities in Poland must align their operations with these acts to ensure fair competition and consumer protection.

EU Omnibus Directive

The EU Omnibus Directive, implemented in Poland in 2022, aims to enhance consumer rights in the digital age. It addresses unfair promotions, fake reviews, and price transparency, among other issues. Online platforms are now required to inform consumers if prices have been personalized based on their browsing behavior and ensure that reviews are genuine. This directive significantly impacts e-commerce operations, necessitating adjustments to marketing, pricing strategies, and customer interaction protocols.

VAT E-commerce Package

The VAT e-commerce package, effective from July 1, 2021, has tightened the rules on VAT for e-commerce sales, impacting how businesses price their products and manage taxes. This package aims to simplify VAT obligations for companies selling goods online to consumers in the EU. It introduces the Import One Stop Shop (IOSS) for the declaration and payment of VAT on imported goods. For e-commerce businesses in Poland, especially those engaging in cross-border transactions, understanding and complying with these VAT rules is crucial for seamless operations.

Local E-commerce Business Regulations

Poland has also adopted specific regulations that align with the EU framework while catering to local market needs. These include provisions from the EU Electronic Communications Code (EECC) and local consumer protection laws. E-commerce businesses must stay informed about these local regulations to ensure they operate legally and ethically within the Polish market.

E-commerce Infrastructure and Service Provider Ecosystem in Poland

The robustness of Poland’s e-commerce market is significantly supported by its well-developed infrastructure and a diverse ecosystem of service providers. This infrastructure not only facilitates smooth online transactions but also enhances consumer confidence and satisfaction. Let’s delve into the components and key players that make up this ecosystem.

E-commerce Platforms and Marketplaces

The backbone of Poland’s e-commerce sector is its array of online shopping platforms and marketplaces. Allegro reigns supreme with over 30 percent of the market share, serving as a one-stop-shop for a wide variety of products and setting high standards for customer service and delivery options. Its dominance is challenged by global players like Amazon, which launched its Polish platform in 2021, and AliExpress, which has tailored its offerings to the Polish market by launching a fully functional Polish website and establishing a logistics center in Poland.

Adoption of Omnichannel Strategies

The trend towards omnichannel retailing has accelerated, particularly in response to the pandemic. This approach integrates online sales channels with traditional brick-and-mortar operations, providing a seamless shopping experience for customers. Retailers are increasingly leveraging social media platforms like Facebook, Instagram, and TikTok to reach consumers, complementing their e-commerce and physical presence with digital marketing strategies.

Service Providers in the E-commerce Ecosystem

A thriving ecosystem of service providers supports the e-commerce platforms, including logistics companies, payment service providers, and digital marketing agencies. Logistics, in particular, has seen innovation with the proliferation of parcel lockers and courier services tailored to e-commerce needs, facilitating efficient delivery and returns. Payment service providers like PayU, BlueMedia, and BLIK offer secure and convenient transaction options, enhancing the online shopping experience.

Expert’s comment:

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We’ve had the honor of working with remarkable brands, from industry giants like InPost to groundbreaking startups such as Brand24 and NapoleonCat. These collaborations underscore the importance of tailored SEO and content marketing strategies in driving business growth.

I’m optimistic about the future growth of the Polish e-commerce landscape and its expansion into the Central and Eastern European (CEE) region. Our cooperation with foreign companies also highlights the global potential of Polish businesses in the digital domain.

Szymon Słowik, SEO consultant, takaoto.pro founder

Growth and Challenges of E-commerce Stores

The number of registered e-commerce stores in Poland has steadily increased, indicating a healthy growth trajectory. However, this growth brings challenges, particularly for new entrants and small to medium-sized enterprises (SMEs) that must navigate a competitive landscape and meet consumer expectations for service and delivery. The integration of AI and personalized customer service solutions represents an opportunity for differentiation and growth in this crowded market.

Regulatory Compliance and Taxation

Service providers and e-commerce platforms operating in Poland must navigate the complex EU and local regulatory landscape, including GDPR compliance, the Digital Markets Act (DMA), Digital Services Act (DSA), and VAT e-commerce rules. Compliance with these regulations is crucial for operating legally and building consumer trust.

Pros and Cons of Entering the Polish E-Commerce Market

Entering the Polish e-commerce market presents a unique set of opportunities and challenges for online shops and e-commerce brands. Below is a comprehensive list of pros and cons to consider.

Pros:

  1. Growing Market: With the e-commerce market in Poland expected to grow from $22 billion in 2023 to $31 billion by 2027, there’s significant growth potential for new entrants.
  2. High Internet Penetration: With 93.3% of households having internet access and a high percentage of internet users shopping online, there’s a large and digitally savvy consumer base.
  3. Consumer Spending: Polish consumers are increasingly comfortable shopping online, with an average monthly online spending of $370, close to the EU average.
  4. Local Platform Preference: There’s a strong preference for local e-commerce solutions, which could be an advantage for new brands that localize their offerings.
  5. Diverse Payment Options: Poland’s e-commerce ecosystem supports a variety of popular payment methods, offering flexibility for consumers and businesses.
  6. Innovative Delivery Solutions: The popularity of parcel lockers and other convenient delivery options can enhance customer satisfaction and loyalty.
  7. Regulatory Clarity: The EU and Polish regulatory frameworks provide clear guidelines for operations, ensuring a level playing field and consumer trust.

Cons:

  • Market Competition: The dominance of established platforms like Allegro and the presence of global giants like Amazon and AliExpress create a highly competitive market.
  • Regulatory Compliance: Navigating the EU’s stringent data protection regulations (GDPR) and adapting to local regulations can be complex and resource-intensive.
  • Consumer Price Sensitivity: Polish consumers are very price-sensitive, necessitating competitive pricing strategies to attract and retain customers.
  • Cross-Border Challenges: While there’s a segment of consumers engaging in cross-border shopping, dealing with VAT and customs for non-EU sellers can complicate operations.
  • Technical and Logistic Expectations: The varied, sometimes low technical levels of Polish B2B e-commerce segments and the expectation for efficient logistics can pose challenges for new entrants without local knowledge.
  • Economic Influences: High inflation and economic uncertainties, such as those related to global events, can impact consumer spending habits.
  • Language and Localization: Success in the Polish market requires localization of content and understanding of local consumer behavior, which may require significant investment.

Entering the Polish e-commerce market offers promising opportunities but demands careful consideration of local consumer behaviors, competition, and regulatory requirements. Success in this vibrant market hinges on a strategic approach that leverages the market’s strengths while mitigating its challenges.

Summary

Poland’s e-commerce sector is a testament to the country’s resilience, adaptability, and forward-looking approach in embracing digital commerce. The continued growth, supported by robust infrastructure, diverse service providers, and a regulatory environment conducive to innovation and fairness, positions Poland as a key player in the global e-commerce arena. For businesses, the evolving landscape presents both challenges and opportunities. Success in this market requires a deep understanding of consumer preferences, strategic engagement with technology, and compliance with regulatory standards.

As Poland continues to chart its path in the digital economy, the e-commerce sector remains a beacon of growth, innovation, and opportunity in the heart of Europe. The future of e-commerce in Poland looks promising, with potential for further expansion, deeper market penetration, and enhanced consumer satisfaction as businesses and policymakers work together to nurture and sustain this dynamic sector.

Sources:

  • strategyand.pwc.com/pl/en/publications/2022/development-prospects-for-the-e-commerce-market-in-poland-in-2018-2027.html
  • trade.gov/country-commercial-guides/poland-ecommerce
  • cushmanwakefield.com/pl-pl/poland/insights/strona-dla-raportu-ecommerce
  • Statista, statista.com/topics/5128/e-commerce-in-poland/#topicOverview

Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.

Visegrád 4 countries protest against EU policies

poland agriculture protest eu

Agriculture chambers from the Visegrád Group – Hungary, Czechia, Poland and Slovakia – along with ones from Lithuania and Latvia protested against the European Union’s agricultural policies at a meeting on the outskirts of Warsaw, the Hungarian Chamber of Agriculture (NAK) said on Tuesday.

The chambers called on decision-makers in Brussels to stop “making things impossible” for European farmers, NAK said.

The V4 chambers decided to organise a protest on 22 February against the dumping of Ukrainian agricultural import products at the shared border between Slovakia, Poland and Czechia.

European Commissioner for Agriculture Janusz Wojciechowski was present at the two-day meeting in Otrebusy.

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Polish-Hungarian friendship resurrected in Budapest?

Polish-Hungarian friendship resurrected in Budapest

Balázs Hidvéghi, an MEP of Hungary’s ruling Fidesz, told a Hungarian-Polish political forum in Budapest on Friday that the main priority was the strongest possible representation of conservative and Christian values in European politics.

Addressing the event organised by the Center for Fundamental Rights think-tank, Hidvéghi said Brussels had become an “Orwellian world” where “words now mean their own exact opposites”.

He said those who portrayed themselves as liberals and “the representatives of the rule of law” were actually “the biggest opponents of freedom”. Hidvéghi said they actually depicted “a caricature of liberalism” and did not accept opposing views. He said this was illustrated by developments in Poland, with liberals “systematically tearing down” the rule of law since Donald Tusk took office.

Hidvéghi said European conservative forces had to unite and find the political strategy that would help protect their shared values. European parties and groupings, he added, were only a means to an end, and not the goal themselves. Conservative forces therefore did not necessarily have to establish a party at the European level, he said, but instead had to cooperate on issues important to them.

Judit Varga, the head of the Hungarian parliament’s European affairs committee, said Europe could only remain European “if we fight for our values, Christianity, for our families and our national identity”.

Kinga Gál, Fidesz deputy leader and MEP, said a long-term geopolitical situation in which Budapest and Warsaw did not share the same fate and interests was “unfathomable”. She said the freedom of thought and expression were once again under threat in Europe. Hungarians and Poles agree that fundamental changes are needed in Europe’s migration policy, she said, adding that both nations rejected “gender ideology and the LGBTQ lobby”.

Hungarians, Poles alternative to the “Brussels deep state”

Ryszard Czarnecki, an MEP of Poland’s Law and Justice (PiS) party, said that the voices of those who wanted to build a Europe of nations, traditional values and a Christian heritage were growing increasingly louder. He said the left was “headed for ruin” and was “amputating the roots of our culture”. He added that there was no alternative to cooperation, adding that Poles strongly supported Hungary’s upcoming presidency of the Council of the European Union in the second half of this year.

Janusz Kowalski, a representative of Suwerenna Polska in the Sejm, said the new government in Poland was testing the model for “democracy without law”. He said the EU could not become a single state, and had to remain an alliance of sovereign states. Kowalski said the EU was headed for collapse, and it was necessary that it return to its roots.

He thanked the Hungarian government for its establishment of the Sovereignty Protection Office, which he said served as an example for other European countries.

Miklós Szánthó, the head of the Center for Fundamental Rights said Polish-Hungarian friendship was history’s oldest and strongest friendship. Polish-Hungarian cooperation is what gives central Europe its strength, he said, adding that both Eastern and Western major powers were aware of this, and that was why they were attempting to “pit us against each other”.

Szánthó said Poles and Hungarians could demonstrate that there was an alternative to the “Brussels deep state”.

Read also:

  • PM Orbán behind closed doors about dangerous US-plan in Europe – Read more HERE
  • Hungarian forint hit another historic low yesterday

Hungarian forint hit another historic low!

Hungarian forint on a downslope again banking

The Hungarian forint hit a new historic low against the Polish zloty following an unexpected decision of the Czech national bank.

According to portfolio.hu, the Czech koruna affected the exchange rate of the Hungarian forint the most in the second half of this week. The Czech national bank implemented a higher base rate cut than experts calculated before. As a result, the Czech currency started to plummet and reached a two-year historic low.

Meanwhile, the Polish zloty was able to strengthen even on Thursday. And that was enough for the forint to reach a historic low against the Polish national currency. The PLN/HUF exchange rate stands at 89.9/1 even now. The Hungarian currency set the previous historic low in November 2022 when it was almost in a free fall against the euro reaching even 430/EUR.

The reason behind the strong zloty and weak forint is that the Polish National Bank did not modify its base rate. Meanwhile, the Hungarian national bank cut it by 75 base points. Even though that was lower than the market expected, the forint could not evade weakening. The base rates stand at 10% in Hungary and 5.75% in Poland, which means that Hungary’s relative base rate advantage decreased.

Additional reasons explaining the weak forint

Furthermore, Hungarian assets are less attractive due to the bad EU-Hungary relationship, even though Orbán gave the green light for the EUR 50 billion Ukraine aid last week.

Moreover, Hungary’s annual budget was worrisome in 2023. As a result, even the 2024 budget is risky. That is why the Hungarian government will modify its annual target deficit from 2.9% to 4.5%.

Finally, Hungary has been blocking Sweden’s NATO accession for almost two years now, and it does not seem like the issue will be concluded in days. On the contrary, Orbán expected the Swedish prime minister to come to Budapest before the parliament accepted Stockholm’s bid, but Ulf Kristersson said there was no reason for that.

Such conflicts increase anxiety in investors and make the forint vulnerable.

Currently, we have to pay more than HUF 388 for one euro.

Read also:

  • Hungarian forint fell sharply in the last few days, but today there is hope – Read more HERE
  • 5 and 10 forints coins will be withdrawn, HUF 50-100,000 banknotes will be issued in Hungary? – Details in THIS article

Hungarian forint fell sharply in the last few days, but today there is hope

forint exchange rate - daily news hungary

The euro was at 388.29 Hungarian forints yesterday evening at 6pm, up from 386.24 forints early in the morning, while the dollar was at 360.61 forints, up from 358.88 forints, and the Swiss franc was at 413.07 forints, up from 412.69 forints.

At Wednesday evening’s close, the forint was 1.3 percent weaker against the euro, 3.8 percent weaker against the dollar and 0.1 percent weaker against the Swiss franc than at the start of the year.

After falling on Monday, the Hungarian forint started to fall again on Wednesday morning, intensifying on news that the European Commission has launched infringement proceedings against Hungary over its sovereignty protection law. Details here: EC to launch infringement procedure against Hungary. By early afternoon, the euro had jumped to 389 and the dollar to 361, and we were close to a new multi-month low for the forint in both currency pairs.

Thursday morning

There were some minor fluctuations in the forint on Thursday morning, but there is no clear direction of trading for now, with the euro at around 388 Hungarian forints, as it was yesterday evening.

There will be no foreseeable event today that will have a significant market-moving force, with both domestic and international economic calendars empty, portfolio writes.

Forint and zloty

It points out that exchange rate movements against our regional currency pair, the Polish zloty, could plunge to a new historic low, with a slightly weaker exchange rate than the current level only seen in the second half of 2022.

Will the Hungarian National Bank withdraw the lowest forint coins because it is no longer worth producing them? Will they introduce HUF 50,000 and 100,000 banknotes due to the high inflation? Here are the answers.

LEAKED: PM Orbán behind closed doors about dangerous US-plan in Europe

PM Viktor Orbán

PM Viktor Orbán rejected the EU’s EUR 50 billion financial support for Ukraine and the country’s EU accession last December. He and the foreign minister said that was because of Kyiv’s anti-Hungarian minority policies and because the country is one of the most corrupt states of the world, unable to end the war against Russia with victory. However, Direkt36, a flagship of Hungarian investigative journalism, discovered other reasons: Orbán’s dread of Washington is on the top.

The Americans would become too powerful in the EU

According to telex.hu, there was a meeting for the Hungarian parliamentary group leaders before the 23 March European Council session last year behind closed doors. Such meetings are regular, and the atmosphere is less tense than in parliamentary sessions, so the prime minister uses them to share his visions on these occasions.

At the 20 March meeting, he talked about Ukraine’s possible EU accession in detail. He said the USA promised Ukraine in 2022 that the beginning of the accession talks would start in 2023. That is because Zelenskyy would like to use that in his presidential campaign.

Orbán said that Hungary should not support Ukraine’s EU accession because that would shift power in favour of the Americans in Europe. That is because Washington’s influence is unquestionable militarily, politically, and economically in Ukraine, Poland, the Baltic states and even Romania is closely attached to America. Therefore, a new bloc would be created in the European Union where more people would live than in France and which would be economically stronger than Germany. That is because of the many American investments in the rebuilding of Ukraine. Moreover, a colourful revolution in Belarus could mean Minsk’s accession to that bloc.

Read also:

  • Orbán’s closest political advisor will help Trump win the presidency? – Read more HERE
  • State secretary: US ambassador has no respect for Hungarians – Details in THIS article

The Germans and the French rejected Orbán’s proposal

He shared that fear with the Germans and the French and proposed to smash that American plan by forming a new majority in the EU between the French-German tandem and the Visegrád Four countries. However, Berlin rejected the idea, while President Macron did not understand it.

Orbán said the German-French rejection was problematic because that is how they offered Central Europe to the Americans. And that is a problem because such a change would cross his strategic plans.

He believes that the globe’s economic centre will switch to Asia. The American answer is to divide regions and countries, resulting in a version of a new cold war with the Chinese. Meanwhile, Orbán’s strategy is to do business with both sides, take advantage of both sides, but remain sovereign in the next ten years. As a result, the Hungarian government would like to deepen their relationships with China and India.

Orbán said no to Ukraine’s extra money

In December 2023, Orbán rejected to vote for Ukraine’s EUR 50 billion bailout. He said he could not support an EU loan reaching that size, and Ukraine was too corrupt. The Hungarian proposal is to create an annual review system enabling Orbán to veto Ukraine’s support every year or gain benefits in return for his support.

On the other hand, he left the chamber following German chancellor Olaf Scholz’s bid. Thus, the European Council could vote for the beginning of Ukraine’s EU accession.

We shall see how the ‘show’ will continue this week.

Where to Organize a Wedding in Warsaw?

wedding dress shopping, Hungary, celebration

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Scenery and facilities are critical for creating an unforgettable wedding experience, and a wedding in Warsaw can indeed become a truly memorable event. From historic palaces and luxurious hotels to modern event spaces and charming countryside estates, the capital of Poland offers a diverse array of venues to suit every couple’s vision for their special day.

A luxurious backdrop for an elegant ceremony

A prestigious hotel with elegant banquet halls, ballrooms, professional concierge, and on-site catering located in one of the most beautiful parts of the city can be the ultimate destination for a wedding in Warsaw. For instance, the elegant Sofitel Warsaw Victoria hotel is located in the heart of Poland’s capital. Surrounded by panoramic views of the city, the hotel’s ballrooms and halls of different sizes can be adjusted to various wedding celebrations.

You will find a professional offer at: https://www.sofitel-victoria-warsaw.com/weddings/

A wedding with a fairy-tale setting

Warsaw is filled with locations that can turn a wedding ceremony into a real fairy tale. For a truly opulent experience, the ceremony can be organized in one of the palaces located in Warsaw, including the Belvedere Palace situated in the picturesque Royal Lazienki Park, as well as the Wilanow Palace submerged in enchanting gardens. Zamek Chersk, located in the vicinity of Warsaw, is another majestic destination for a wedding, while the University of Warsaw Botanic Garden will create a particularly whimsical setting for the ceremony.

A trendy wedding in Warsaw

Warsaw also has more contemporary venues to add industrial aesthetics for a unique trendy wedding. For instance, a historic vodka distillery, now Centrum Praskie Koneser, as well as Hangar 646, will infuse the event with a more urban atmosphere.

Take care of accommodation

Organizing a wedding in Warsaw can be particularly convenient if you choose one of the hotels located in the city center. Sofitel Warsaw Victoria is one of them. Here, you can receive comprehensive assistance for the celebration, including catering offered by a seasoned culinary maestro. It is also the perfect place to ensure your guests experience maximum comfort while staying in one of the numerous luxury rooms and suites. This will give them the advantage of the hotel’s central location to explore the city during their spare time.

Even if your wedding celebration takes place in a different venue, it is still essential to arrange accommodation for your guests. Five-star hotels, including Sofitel Warsaw Victoria, are ready to provide your guests with a blend of comfort and sophistication, making their stay in Warsaw an integral part of the unforgettable memories created during your wedding festivities.

A perfect location for a wedding in Warsaw

Warsaw’s diverse venues offer options for every couple’s dream wedding, ranging from chic hotels like Sofitel Warsaw Victoria that provide both grand spaces for wedding celebrations and upscale accommodation, to fairy-tale palace settings for wedding ceremonies, and trendy, urban atmospheres in contemporary facilities.

Disclaimer: the author(s) of the sponsored article(s) are solely responsible for any opinions expressed or offers made. These opinions do not necessarily reflect the official position of Daily News Hungary, and the editorial staff cannot be held responsible for their veracity.

Two Hungarians find large chunk of asteroid detected by Hungarian astronomer

Hungarian astronomer discovered asteroid heading towards Earth

Hungarian searchers have found a meteorite fragment of the asteroid whose impact was predicted by a Hungarian astronomer on 21 January.

As we reported, Hungarian astronomer Krisztián Sárnecky was the first scientist to detect an asteroid speeding towards the Earth on 21 January. He immediately passed the information to his German and Czech colleagues.

The first meteorite piece was already found on Wednesday by professional Polish searchers. Now, another piece of 2024BX1 has been found: this time thanks to Hungarians. Zoltán Balla and Bence Gucsik told hvg.hu that they found a larger, 114 gram specimen on Friday after only an hour of searching.

The Hungarian Meteoritical Society said earlier that the first images suggest that the meteorite could be polymict eucrite or howardite, possibly aubrite. If so, collectors will be happy, as it could be worth a lot.

You can check out the photos of the fragment HERE.

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Footage of the impact:

Above Prague:

Above Berlin:

Hungarian public media supports independence of Polish public media

orbán mtva

The Hungarian public media stands by Poland’s independent public media, Dániel Papp, the head of Hungary’s Media Service Support and Asset Management Fund (MTVA), and Anita Altorjai, the head of public service media service provider Duna Médiaszolgáltató, said in a letter to the leaders of the European Broadcasting Union (EBU) on Thursday.

In their letter to EBU President Delphine Ernotte-Cunci and Director-General Noel Curran, Papp and Altorjai cited reports of Poland’s public media having become the “prisoners” of the Polish government even despite rulings by the Polish constitutional court.

The public media leaders therefore expressed MTVA and Duna Médiaszolgáltató’s “deep concern” over the “everyday political intervention” against Poland’s independent public media.

They noted that the Central and Eastern European group of the EBU — which includes both Poland’s and Hungary’s public media among its members — marked its 30th anniversary last year, but this was “overshadowed” by the current situation.

The public media leaders said they trusted that joint efforts would steer the actions of the Polish government in connection with the public media within an appropriate constitutional and democratic framework.

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They said the procedure to shut down Polish public media had put it in an uncertain situation and was also harmful to Polish society.

Given the legal irregularities found by Poland’s constitutional court, they said the Hungarian public media was asking the EBU to put the case of the Polish public media on its agenda and express its objection to the treatment of the public media if it finds that the Polish government’s actions go against the EBU’s norms.

They said Hungarian public media respected the decisions of Poland’s legally-elected government, but warned decision-makers against structural and personnel changes that lack democratic debate and consultations with all stakeholders.

They stressed that the process of appointing public media leaders was key to ensuring that the public media is able to operate independently. They also asked the EBU’s leaders to use all the tools at the organisation’s disposal to take steps in the interest of the Polish public media’s independence.

Papp and Altorjai said this was important because the members of the EBU have approved a common creed of fulfilling their responsibilities of educating, informing and entertaining the public under the principles of universality, independence, excellence, diversity, accountability and innovation.

They also asked the leaders of the EBU to draw the attention of its members to the possibility and importance of taking a joint stand and expressing their disagreement in connection with the attack on the independence of the Polish — and thereby European — public media, and condemning the “open political intervention” in the independence of the Polish public media.

Strong Hungarian-Polish government relations are completely ruined because the war in Ukraine

Hungary is a sovereign country, “regardless of whether [Polish Prime Minister] Donald Tusk likes it or not”, Foreign Minister Péter Szijjártó said on Monday, criticising Tusk’s recent remarks on the Hungarian government’s stance on the war in Ukraine.

According to a ministry statement, Szijjártó said that during his visit to Kyiv, Tusk had shown “a complete lack of respect by attacking” the Hungarian government’s position. Tusk, Szijjártó said, had “accused our country of betraying Europe, being un-European, talking about the darkest place of political hell”.

“We have now, of course, seen and are seeing the developments of the last few weeks in Poland, and we can see the Polish prime minister’s concept of democracy,” Szijjártó said.

“We see that they don’t tolerate views that differ from those … of the government in any way.”

“But as it stands, we really do have to ask: what sort of behaviour is this in Europe?” the minister said.

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“What kind of behaviour is it to only accept the existence of a single opinion? What kind of behaviour is it to be intolerant … of other opinions on a given issue?”

Szijjártó said the principle that people cannot be sanctioned for having different opinions was a fundamental European value.

In a message to Tusk, Szijjártó said that in Europe everyone had a right to their opinion and to represent their position, for which they could not be sanctioned, labelled “un-European” or imprisoned.

Meanwhile, he said it was clear that the war could not be resolved on the battlefield. He added that Hungary therefore would remain in favour of peace, and he called for an urgent ceasefire and peace talks.

“Hungary is a sovereign country that has a right to represent its opinion,” the minister said.

“We insist on the need for peace in Ukraine as soon as possible, even if Donald Tusk holds a different opinion and represents a pro-war stance.”

VIDEO: Hungarian Wizz Air’s stewardess spotted a purple UFO following their plane

Hungarian Wizz Air's stewardess spotted purple UFO that followed their plane

The 36-year-old flight attendant spotted an unidentified flying object, or unidentified aerial phenomenon (UAP). She was on board a Wizz Air flight from England to Poland.

According to origo.hu, a Hungarian government-close online news outlet, a strange, purple-pink phenomenon appeared above the wing of Wizz Air’s Airbus during its journey from England to Poland. The plane took off in London-Luton and landed in Szymany, Poland.

The 36-year-old Denisa Tanase saw it and took a short video of the purple phenomenon with her phone.

Tanase said that the phenomenon followed the Airbus 320. Here is the video:

She reported the phenomenon to the captain, but he said nothing appeared on his or the air control’s radars.

“I have been working as a stewardess, but never before have I seen anything like that”, Denisa said.

Passengers saw the phenomenon as well. As a result, everybody acted confused on board, but nobody could explain what happened exactly. The pilots did not experience anything. At first, they thought that their pink uniform was mirrored by the plane’s window, but the phenomenon was following the aircraft.

She said he would not exclude that she saw something extraterrestrial. As an outsider, she would probably think it was Photoshop, however, she made the footage.

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  • UFO researcher: a specimen is also kept in Hungary – Read more HERE
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CEE ministers press EC for steps to manage Ukraine grain glut

harvest tractor agriculture grain

Central and eastern European agriculture ministers have once again turned to the European Commission for support in managing the impact of market disturbances caused by the flood of grain imports from Ukraine, Minister of Agriculture István Nagy said on Monday.

In their letter to EC Executive Vice President Valdis Dombrovskis and European Agriculture Commissioner Janusz Wojciechowski, the agriculture ministers of Bulgaria, Hungary, Poland, Romania and Slovakia gave an outline of the market losses their countries’ agricultural products suffered due to Ukrainian grain imports, Nagy said in a statement.

He said the flood of cheap Ukrainian grain was forcing central and eastern European farmers out of their traditional export markets. The minister said that in addition to high production costs, price and revenue risks and adverse weather conditions, the influx of Ukrainian grain caused extra concern for farmers in the region.

Nagy said that because these five countries were key contributors to Europe’s food security given their grain exports, Brussels had a duty to take steps to protect their markets and give them the opportunity to exploit their export potential. One way of doing this, he added, was to introduce tariffs on the “most sensitive agricultural products”.

The minister said he and his counterparts were calling on the EC to prepare a report on how Ukraine’s agricultural production regulations comply with EU regulations.

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Orbán’s Fidesz slams Polish government

orbán press briefing

Poland’s government headed by Donald Tusk “is trampling on the rule of law while the European Commission looks away,” MEPs of Hungary’s ruling Fidesz said on Friday. “The application of double standards by Brussels is shocking,” they said.

MEPs of Fidesz and its Christian Democrat ally have inquired to the Commission in writing about the Polish government’s recent measures, the statement said. “It is easy to imagine … what would have happened had all this taken place in Budapest under Viktor Orban’s premiership,” it added.

According to Fidesz, the EC “has fiercely held Hungary to account concerning the rule of law in recent years while now they are shrouded in silence … that silence indicates the Commission is applying double standards in terms of issues around the rule of law.”

The MEPs have asked the Commission for its position on whether “a forceful takeover of the public media, bypassing national laws, is compatible with the rule of law”, and whether such an act could be committed without violating the freedom and pluralism of the media.

They also wanted to know “how the Commission wants to ensure that the rule of law is measured by the same standards in each member state, irrespective of their governments and their political affiliation.”

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  • HERE is how Hungarians saved Poland from total annihilation
  • Orbán’s closest political advisor will help Trump win the presidency after losing in Poland? – Read more in THIS article

Here is how Hungarians saved Poland from total annihilation

Here is how Hungarians rescued Poland from the total destruction

The historic friendship between Poland and Hungary stands as one of the oldest alliances in Central Europe, forged through mutual support in pivotal moments. In the 17th century, Poles played a crucial role in breaking the Ottoman rule over Hungary, reciprocated later in the 19th century when Hungarians supported Poland’s fight for freedom. A remarkable chapter unfolded in 1920 when Hungary played an important role in saving Poland from Soviet forces at the gates of Warsaw.

Pole and Hungarian brothers be

The bonds between Pole and Hungarian are deeply woven in history. This unique relationship has roots in the Middle Ages, where the exchange of kings and queens solidified our connection. If it had not been for Hungarian King Louis the Great’s daughter, Hedvig, maybe the belligerent Lithuanians would have annihilated Medieval Poland. Instead, Hedvig married the Lithuanian leader, and Poland became one of Europe’s great powers. The Transylvanian prince István Báthory (1575-1586) is still considered one of the greatest Polish national heroes. Streets were named after him, statues were erected to commemorate him and even a university bore his name.

The legacy continued into the 18th and 19th centuries when Hungary provided shelter and aid to Polish refugees, who, in turn, stood alongside Hungary in the struggle for freedom in 1848-49. In the aftermath of World War I, as Poland emerged anew, only Hungary extended a helping hand in its life-or-death war against the Soviets.

Poland vs the Soviets

Not many people know that the armistices of 1918 October-November did not mean the end of the territorial-national conflicts stirred up by the First World War in Central and Eastern Europe. For instance, Hungary was one of the victims since, despite the armistice, Serbian, Romanian and Czechoslovak troops occupied much of its territories.

Border disputes and armed conflicts broke out in many parts of Europe. One of the most significant clashes erupted between the Soviets and Poland. The stakes were high: Lenin wanted to revolutionise both Berlin and Paris. However, the road to Paris led through Warsaw. Meanwhile, the Poles led by General Józef Pilsudski, aimed to push their borders farther to the East. The original borders of Poles excluded millions of Polish nationals and would have made them live under Russian-Soviet rule.

Only Hungary helped

Following minor Polish victories, the Soviet army gained momentum and won battles one after the other against the enthusiastic but inexperienced Poles. Warsaw cried for help, but Western European ears remained deaf.

The country faced a border dispute with Czechoslovakia, Germany lost the war and territories, while the British were paralysed by massive strikes. Although the Entente powers had already imposed the Trianon Peace Treaty on Hungary, the Hungarian governments sensed the life-or-death struggle of the Pole. Therefore, they decided to help despite their modest possibilities.

In Csepel, Budapest’s 21st district, the Manfréd Weiss Works, Hungary’s prominent factory, became a hub of feverish activity. Despite being looted by Romanian soldiers in 1919, the factory worked tirelessly, producing approximately 20-22 million rounds of Hungarian ammunition by 12 August 1920. This vital support reached Polish troops defending Warsaw, turning the tide against the Soviet advance. That was a decisive help since experts say an average Polish soldier had only seven cartridges left by then. Against the brilliant Marshal Tukhachevsky, that would have meant nothing.

The Poles were grateful for Hungary’s help

Józef Pilsudski’s ingenious strategy, attacking instead of defending Warsaw, proved successful. Thanks to a stroke of luck involving Stalin’s orders, part of the Soviet cavalry occupied Lemberg (Lviv) instead of aiding the main Soviet forces. Pilsudski’s units surrounded and disarmed 150,000 Russian soldiers, securing Poland’s survival and territorial expansion to the East.

The enduring gratitude of the Poles towards Hungary’s assistance resonates through history. In 1956, during the Hungarian revolution and freedom fight crushed by Soviet troops, Poland reciprocated with solidarity, sending blood, assistance and even donations of children’s toys to support the Hungarian cause. This shared history stands as a testament to the strength and resilience of the Polish-Hungarian friendship.

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Orbán’s closest political advisor will help Trump win the presidency?

Donald Trump Viktor Orbán

Árpád Habony and Csaba Faragó, the foreign affairs director of Századvég have been operating Századvég in several countries, such as Serbia, Slovakia, Poland, and the United States. Political powers sympathetic to Viktor Orbán have increasingly relied on advice from Habony and his team in recent European elections. Where could you have heard of these advisors being involved before and what country seems to be the next on their list?

Slovakia and Fico

The organisation appeared in the Slovakian elections too. Habony first appeared last year around Peter Pellegrini’s party, Hlas. Hlas is the social democratic party and Peter Pellegrini is the speaker of the house. The intermediary was Matús Sutaj Estok, who has since become the Minister of Interior in Slovakia. However, with the growth of Fico’s party, Smer, the number of Fidesz associates also increased. Allegedly Századvég helped with the popularity ratig of Smer, writes Telex. This was done by conducting public surveys on which political messages work best.
According to sources “Hungarian collaboration with Smer remained strong even after Fico’s election victory.” You can read more about Slovak and Hungarian ties HERE.

Serbia

There are also mentions by 444, that Századvég actively participated in the Serbian elections. Mostly by Faragó helping the Vojvodina Hungarians’ Alliance, which is affiliated with Vučić’s party, in achieving good results.

The lost case of Poland

Although Habony’s team also worked on the Polish elections, the outcome was less favorable.
Not everywhere did Habony’s advice prove beneficial. After their advised party, the Law and Justice Party lost several politicians from the party blamed Habony Árpád and the consultants from Századvég for their loss of power. According to the international investigative organization, during the election period, they suggested to the party to choose aggressive and divisive political messages and to conduct a negative campaign against their opponent, Donald Tusk. Tusk, who is pro-Europe, won in the end and became the Prime Minister of Poland. We already wrote about it HERE.

Next on the list is Uncle Sam?

The ocean is not an obstacle, when talking about Habony and his influence. There has been talk of Habony being employed by none other than Donald Trump in his upcoming campaign for reelection. Former U.S. ambassador to Budapest, David Cornstein actively lobbies for Donald Trump to employ Habony, who is working on this project with Századvég fervently, especially Gergely Losonci, political director of the organisation. Habony has recently visited Florida multiple times and met with Trump’s people, so it seems like their collaboration is nearing the inevitable.

Government: Tusk ‘trampling over’ rule of law in Poland

Donald Tusk

Ruling Fidesz MEP Balázs Hidvéghi said on Friday that recent developments in Poland had been “gruesome”, with the new liberal government of Donald Tusk “trampling over” the rule of law.

Citing the Polish culture minister’s decision to dismiss executives from the state media company, Hidvéghi told daily Magyar Nemzet on Friday that it was an unconcealed attempt to trample on the freedom of opinion, “demonstrating how twisted left-liberal politics have become”.

“This is unacceptable in a democratic state based on the rule of law, it goes against all written and unwritten rules, and no election victory authorises such practices,” he added.

He said it should also be noted that the measures had been taken by a coalition that in recent years continually criticised the PiS government and Hungary citing the rule of law.

Hidvéghi said there were no reactions from Brussels so far, which was “no surprise” considering the “double standards and political cynicism ruling in Brussels”.

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  • Hungary will lose its veto right in the EU? – Read more HERE