Russia

Russians owe billions to Hungary: America might be the key to getting it

Putin Orbán Russian gas disgraceful role

The Russia-led International Investment Bank, which was headquartered in Budapest for years, owes billions to Hungary. But they refused to pay because the Americans froze Russian assets after the Russian invasion of Ukraine. They recommended that the Hungarian government should turn to the Americans if they wanted to access that money.

According to Menedzsment Fórum, the International Investment Bank owes billions of forints to the Orbán cabinet, influential Hungarian banks, investment funds and other investors. However, nobody is claiming that money back openly, which is quite strange. Hungary’s budget thrives on financial assets because its revenues decreased significantly due to the falling consumption following the European record Hungarian inflation. Therefore, the Orbán cabinet fights for each eurocent from the European Union. However, they remain silent concerning the IBB money.

Viktor Orbán did not mention this topic in his 21 December international press conference. Investors who lost their money may be angry but can only grumble in the background.

The Hungarian government left the bank last April after the American government introduced restrictions against it concerning even Hungarian citizens.

The bank stated last December that they would like to pay Hungarian investors back, but they cannot. That is because of the American sanctions, they argued. The USA froze all Russian assets after Putin attacked Ukraine in February 2022.

Want your money? Negotiate with America

According to the IBB’s statement, they tried to negotiate with the European institutions and authorities on the issue but could not reach agreement. Therefore, they recommended that all the the governments affected should lobby in Washington against the sanctions. For example, if the Orbán cabinet wants to retrieve its billions, they should convince the Biden administration to abolish the anti-Moscow sanctions. That is, of course, impossible.

The Hungarian government expressed several times that the EU and US sanctions against Russia are pointless and will not halt the war, but it would put an extra burden on the struggling European economy. However, all that criticism met rejection and outrage from Brussels and Washington. We wrote about the American-Hungarian relationship in THIS article in the early morning today.

The Ambassador of the United States in Budapest, David Pressman, announced after a Washington visit that America put the three leaders of the IBB on the sanctions list. That included a Hungarian national, too. The diplomat highlighted then that Washington warned the Orbán cabinet about the threats the IBB’s headquarters in Budapest poses, but the Hungarian government rejected them. Finally, Hungary withdrew from the financial institution on 13 April last year.

Pressman has been a target of the government-close media since he took his office in Budapest. Arguments between him and the Orbán cabinet became regular. Lastly, he said that the Hungarian government approaches national security interests differently than other European states and the United States, which is worrisome.

Apart from Russia, Cuba, Mongolia, and Vietnam remained members of the IIB. Before, Slovakia, Czechia, Romania, Bulgaria and Hungary announced their departure from it.

The IIB should have paid back HUF 15 billion (EUR 40 million) to its Hungarian investors by last September. For example, there is a Hungarian bank that should get HUF 1 billion back from the IIB by this spring. Furthermore, according to the estimates of Népszava, the IIB should pay back HUF 74 billion (EUR 195 million) to the Hungarian state for its 25.27 percent share.

Read also:

  • Suspicious: Intelligence links found in four Russian companies operating in Hungary – Read more HERE
  • Number of Russian diplomats increased in Hungary after the war began – Details in THIS article

Guess the only EU Prime Minister who received season’s greetings from Putin!

putyin orbán

The Kremlin celebrated the New Year by publishing Putin’s Happy New Year wishes.

Among the leaders of EU Member States, it was only Hungarian Prime Minister Viktor Orbán who received the Russian President’s exclusive New Year’s greeting. Putin, in his New Year message, underscored the positive rapport between their nations.

Season’s greetings

Russian President Vladimir Putin congratulated the leaders of foreign states and governments on the occasion of Christmas and the upcoming New Year of 2024, writes Portfolio. The New Year messages went out to politicians and leaders all around the world. The list published included mostly those who are on “friendly” terms with the Russian leader. Remarkably, only three recipients hailed from Europe.

In this select trio, Pope Francis stands out. Putin, in his message to the Pope, thanked him for his humanism and justice, expressing hope that the Pope’s endeavours would foster peace and understanding among people. Pope Francis was one of the three European leaders Putin chose to congratulate, alongside Alexander Vucic, the President of Serbia, and, of course, Viktor Orbán, Prime Minister of Hungary. Notably, Putin chose not to send his greetings to the majority of active Western and European leaders.

Address: Hungary

In his New Year’s message to Prime Minister Viktor Orbán, Putin emphasised the success in maintaining positive dynamics in Russian-Hungarian relations amid challenging international circumstances. The Russian President reaffirmed his dedication to nurturing the constructive, pragmatic ties between their nations, highlighting significant economic projects benefiting both Russian and Hungarian interests.

Important economic projects

The above-mentioned economic projects could refer to many aspects of the Hungarian-Russian cooperation, which has not ceased even during the war. Having said that, the primary focus is on the Paks II nuclear power plant expansion—a joint effort between Hungary and Russia. While hindered by permit-related challenges, Hungary’s Foreign Minister, Péter Szijjártó, remains optimistic about completing the project by 2030.

Another crucial economic project between the two nations is related to gas. Hungary continues to rely on Russia for the majority of its gas supply, with long-term contracts signed between Hungarian company MVM and Russian state-owned Gazprom. The agreement in October 2022 to increase Russian gas deliveries through the southern route via Bulgaria and Serbia further solidifies this partnership. In an interview this autumn, the head of Gazprom confirmed the contract and added that the firm will continue to supply gas to Hungary without any distraction, even through the autumn-winter period of 2024. Péter Szijjártó expressed that Hungary is quite content with this current contract.

Russian – Hungarian interpersonal relations

Putin had previously spoken about his relationship with the Hungarian Prime Minister in an October interview with the Russian television channel Rossija 1, noting constructive dialogues despite occasional disagreements. Putin added that PM Orbán remains one of the few European politicians he still shares some common ground with.

In an unexpected turn, Putin extended New Year wishes not only to Orbán but also to Nicolas Sarkozy, former Prime Minister of France and of Hungarian descent.

This could also interest you:

  • Read more about Hungary’s stance on peace HERE.
  • Read more about Viktor Orbán’s opinion on the EU HERE.

What happened this year? — These were the most popular articles on DNH in 2023

budapest buda castle

2023 has been an incredibly eventful year. Wizz Air dominated headlines, the most beautiful Hungarian was elected, the forint was in the doldrums and celebrities swarmed Hungary. We also reported on a Hungarian national spying for Russia and a new store opening. As we bid adieu to this eventful year, let’s revisit its highlights through the lens of the most-read articles on Daily News Hungary. We extend our gratitude for your trust and anticipate the unfolding of new narratives in the days to come.

No more Schengen?

The biggest hit of this year happened to be a news snippet in October, reporting that border controls would be reintroduced at the Slovenian-Hungarian border. Wars, political tension and concerns regarding illegal migration have changed the strategy of many central European countries, igniting fears that the era of free travel within the European Union might be nearing its end.

The new Miss World Hungary

June witnessed the crowning of Boglárka Hacsi as the new Miss World Hungary, representing the nation on the global stage. In this article, we presented not only the winner but also the winner of this year’s debut public vote and all the podium finishers. You can read more about the history of the competition and the contestants in this article, with a plethora of stunning photos.

Dating a Hungarian?

Following the visual feast of Miss World Hungary, curiosity naturally turns to the intricacies of dating a Hungarian. Navigating the waters of cross-cultural romance, especially with Hungarians, proves to be a challenging experience given the uniqueness of Hungarian culture and language. However, we’ve got your back. Here’s everything you need to know before dating a Hungarian including familial dynamics, Hungarian cuisine and date night ideas.

Wizz Air

Tourism and travel have always been popular among our readers. Therefore, it should come as no surprise that travel news is also a highly sought-after topic on Daily News Hungary. An early summer surprise awaited travellers as Wizz Air came up with a mystery game, whisking winners away to undisclosed destinations. Neither the airport nor the pilot gave away any clues. To find out where the mystery plane landed, check out our article.

The unveiling of new flight routes to South Asia’s bustling metropolis added another layer to the airline’s narrative. However, not all was smooth sailing, as Hungarian authorities launched an investigation in February, accusing the airline of misleading passengers. Delve into the details here.

What will happen to the forint?

Even though this article was published on the last day of 2022, its impact has been still relevant this year. According to experts, Hungary might bid farewell to its national currency, replacing it with the euro.
Slovakia introduced the euro in 2009 and Croatia on 1 January this year, while in Hungary it is still not on the cards. The worsening forint-euro exchange rate poses challenges for Hungarian travellers, with some experts even having predicted a dire collapse back in April.

Celebrities, Russia and a new store

There is life beyond the economy, tourism and politics, of course. Residents and expats alike were buzzing about the arrival of Primark, marking its debut in Hungary.. There was a great public outcry when the Hungarian press published incorrect opening dates, which the chain later rectified. Celebrity spectacles unfolded as Johnny Depp visited Hungary for both a cancelled concert and a film shoot, and news of how the world-famous celebrity is treating his crew came to light.

Meanwhile, the Russian-Ukrainian war, a topic of grave concern given Hungary’s proximity and strategic alliances, took an unexpected twist with a Hungarian individual implicated in espionage and embezzlement of Ukrainian aid for Russia.

Orbán: ‘There is no war in Ukraine’ as no declaration of war from Russia

Orbán Putin visit Russian cyber attacks

There is no war in Ukraine, Viktor Orbán said at a government briefing on Thursday. Asked why, during his visit to Beijing, in the company of Vladimir Putin, he called the war in Ukraine a military operation according to the Russian narrative, he said “because it is a military operation, as long as there is no declaration of war between the two countries”.

You read that right: Viktor Orbán, Prime Minister of Hungary, neighbour country of Ukraine, just said that there is no war in Ukraine. He called it a “military operation” (which is in line with the Russian narrative), and he said the reason was that there has not been an official proclamation of war.

“Let us rejoice as long as there is no war. Because if there is a war, there is a general mobilisation, and I don’t wish that on anyone,” the prime minister said. Orbán not only took the already pushed Russian narrative of war in the pro-government press to a new level, but also contradicted all his own previous statements, Telex writes.

So far, the narrative has been clear: there is a serious war going on in Ukraine that Hungary needs to stay out of. Orbán said there was a war in the neighbouring country even a day ago. Yesterday, it was an important point to make, as he had to argue against Ukraine’s opening of EU accession negotiations.

“It seems to me that we have three problems at once, and the world and our lives are more dangerous than they were a year ago. We are plagued by the war between Russia and Ukraine,”

Orbán said.

Putin Orbán
Photo: FB

“But we’ve never done it before where we have a country that is at war and we start negotiations with a country that is at war,”

he added.

Most recently, his foreign minister, Péter Szijjártó, has said that this staying out of the war is the greatest success of Hungarian foreign policy. Russian propaganda was still prevalent though: he suggested that what is happening is the responsibility of the West, or perhaps of the actor Zelenskyy, who is at war instead of negotiating.

“To call what Russia is doing in Ukraine a war is not a legal question, but a universal moral question,” Telex concludes. How PM Orbán can soundly sleep at night or look into the mirror still, is a question for another day.

Read also:

Russians astonished by Orbán’s action at EU summit, Macron edgy

PM Orbán and Putin Russian gas

The Russians believe neither Ukraine nor Moldova met the strict requirements the European Union needs a member state to fulfil. Furthermore, they were astonished by Orbán’s action at the EU summit, saying no to Ukraine’s EU accession.

“Waiting for somebody to leave to decide in his absence. If that is true, it is a unique practice”, Kremlin spokesman Dmitry Peskov said about Orbán’s short departure from the EU summit this week. During his absence, the remaining leaders of the member states could decide about starting Ukraine’s and Moldova’s accession process.

It seems President Putin liked the gesture. President Marcon said they could not convince Orbán, so German chancellor Olaf Scholz proposed him to leave during the decision. Meanwhile, the French president said Orbán was disrespectful for rejecting the EU’s budget modification, portfolio.hu wrote.

PM’s policy director: Hungary achieved strategic goals, managed to promote national interests

Hungary has achieved its strategic goals at the European Union summit both in connection with Ukraine’s accession talks and financial support, and has also managed to protect its national interests, the prime minister’s policy director said in Brussels on Friday. Balazs Orban told the Hungarian press that Hungary had made it clear in connection with Ukraine’s EU accession that it did not agree with the decision and considered it a mistake.

“Our theoretical position remains that Ukraine is not prepared for EU accession and therefore the relevant talks are not worth starting,” he added.

The approval of a 50 billion euro financial package for Ukraine would have seriously and immediately harmed Hungary’s interests, he said.

“The EU wants to finance a failed strategy which makes no sense,” he added.

Commenting on the post-pandemic Recovery and Resilience Facility (RRF) interest cost increase, he said that as long as Hungary does not receive any money, it cannot approve any further decision.

Hungary maintains its position under which the decision must be postponed, probably to early next year, he said. Additionally, the European Council has set a task for the European Commission “to deal with the problems of Hungarians”, he added.

“It will show whether the funds due to be paid to Hungary arrive in order or Brussels continues its political blackmail,” he said.

“Additionally, it will be possible to assess if the EC is open to discussions on important issues for Hungary in connection with the amendment of the Multiannual Financial Framework (MFF),” Orban said. “If it is, then the talks can be continued but if it isn’t, then the budget will stay as it is,” he added.

Hungary does not see a need to amend the EU’s 2021-2027 budget, he said.

Read also:

  • PM Orbán vetoed EU’s EUR 50 bn for Ukraine, said Hungarian’s money go to Kyiv
  • Government rewrites rules in the hotel sector in Hungary – Read more HERE

UPDATED: Hungary’s green party supports Ukraine’s EU accession, would amend agricultural support system

LMP supports Ukraine’s European Union accession as a long-term strategic goal but it would amend the system of EU agricultural subsidies in order to preserve sustainability, a national board member of the opposition party said on Saturday.

Mária Szendefy told an online press conference that LMP also insisted on maintaining the EU’s GMO free status.

She said Ukraine’s EU accession in due time would be a welcome development for ethnic Hungarians in Transcarpathia because it would result in more transparent borders and direct links with Hungary.

In terms of geopolitical aspects and security policy, it would also be better for Hungary to have another neighbour that is an EU member, she added.

At the same time, she said Ukraine’s agriculture was ruled by mostly US large investors farming areas of several thousand hectares. Since EU agricultural policy supports farmers depending on the size of their agricultural land, with Ukraine’s accession support to all other countries would be much less than what Ukraine would be eligible for, she added.

As a result, new EU regulations are needed, giving priority to smaller farms, she said. Large farms should be allowed to succeed on fully market-based conditions, in certain cases with protective duties, she added.

Szendefy said it was a basic requirement that the EU must remain GMO-free and she condemned attempts to loosen the current strict regulations.

Putin: Viktor Orbán is not a pro-Russian politician

PM Orbán and Putin Russian gas

The Russian president believes that their war aims remain unchanged, and said that he does not consider Viktor Orbán a pro-Russian politician.

Vladimir Putin’s end-of-year press conference

Russian President Vladimir Putin held his usual end-of-year press conference. Putin began by highlighting the strength of the Russian economy, which will make the war last until their goals are achieved.

Putin said that the West had always tried to marginalise the Russians, and that it was not the Ukrainians’ fault that the civil war was going on, but the fault of the West.

He also received a question about Viktor Orbán

The Russian President was also asked about Hungarian Prime Minister Viktor Orbán. Putin said that he did not consider Orbán to be a pro-Russian politician. According to Putin, the Hungarian prime minister is a man who, unlike other EU leaders, represents the interests of his own country, hvg.hu reports.

Read also:

Romania will help Hungary’s battery revolution with energy, electricity?

Romania will help Hungary's battery revolution with energy, electricity

It seems that Hungarian battery plants will use Romanian energy, but that is bad news for Putin and his regime.

According to telex.hu, Péter Szijjártó, Hungary’s foreign minister, travelled to Bucharest weeks ago to sign an important deal with the Romanian government. At first, they agreed to extend gas transport capacities between the two countries. Furthermore, they did so in the case of electricity transportation.

Of course, it is not Hungary that would export energy or electricity to Romania. That is because Romania has every chance to become one of the crucial energy exporters of the region in 5-10 years. Instead, the Hungarian battery plants will work with Romanian electricity and gas.

Romania acquires 1/4 of its electricity consumption with the help of hydroelectric power plants. Moreover, the backbone of that system is pump storage plants. Therefore, the system’s regulation ability is significant compared to the size of the country, telex.hu wrote. That means Romanians can build as many solar and wind power farms as they want because the system will not collapse like in Hungary, where energy (e.g. following a series of summer sunny days) cannot be stored.

Romania will help Hungary become independent from Russia?

Furthermore, they would like to build nuclear power plants with American help. Therefore, Romania will be able to export large amounts of electricity soon. Meanwhile, Hungary attracts energy-intensive activities like battery manufacturing or carmaking.

Hungary is highly dependent on foreign gas transfers. 80% comes from abroad, mainly from Russia. Meanwhile, Romania has a gas field in the Black Sea (Neptune), where the first molecules will come out in 2027-2028, thanks to Romanian-Austrian cooperation.

Concerning gas, Romania may substitute 20-40% of the Russian import, which is considerable. Furthermore, Romania can produce electricity with gas. As a result, Romania may become Hungary’s biggest gas supplier behind Russia by the 2030s.

That might be bad news for Putin and his regime. PM Orbán and FM Szijjártó regularly highlight that Hungary is dependent on Russia. That is why Hungary cannot give the green light to sanctions concerning the sectors. Others believe there are political reasons behind that cabinet standpoint, and the cooperation between Orbán and Putin will not stop even after a possible gas secession.

Read also:

  • Hungarian FM wants to preserve stable and fair cooperation with Russia – Read more HERE
  • Why are more than a million Hungarians very sad today, while Romanians celebrate? – Details in THIS article

Former Ukrainian President planned meeting Orbán but wasn’t let out of Ukraine?

Viktor Orbán

The previous Ukrainian PM was planning to meet up with Orbán, but they didn’t let him out of the country.

According to an article written by 444.hu, the Ukrainian Secret Service, also known as SZBU, didn’t let Poroshenko leave the country. It’s rumored that this was done to prevent him from meeting with Viktor Orbán.

Only an innocent vacation (meeting Orbán?)

Recently, the previous Prime Minister of Ukraine, Petro Poroshenko, requested and received his special permission to leave the country for Poland. This special permission is needed for all Ukrainian officials nowadays, since the border patrol will not let people cross without it. However Poroshenko’s special permission got revoked shortly once rumors about a supposed meeting got into the ears of the SZBU. Officially, the decision wasn’t reasoned for.

Secret plans exposed?

A day later, the SZBU stated on their Telegram channel that they have received information about Russian plans to reduce foreign support and increase internal tensions. According to their information, they plan on doing it by amplifying the need to have one-on-one conversation with Moscow, for the sake of a peace treaty. This is to further divide the Ukrainian population from the inside. The SZBU’s information also came with a warning. The Russian may use Ukrainian politicians visiting third-party countries to further their goals.

The dots connect

The SZBU explained that they were the ones to ask for Poroshenko’s special permit to be revoked in fear that in Poland, he would meet with Viktor Orbán. Orbán is known for his Russian friendly view on the war, vetoing the Ukrainian aid and taking a stance against sanctions against Russia. Poroshenko claimed that after his negotiations in Poland, he was planning on traveling to the United States. He didn’t mention any meeting with Viktor Orbán.

A final word

Hungary has no intention of assisting President Zelenskyy when it comes to Ukrainian political showdowns, Zoltán Kovács, the state secretary for international relations and communications, said on Facebook on Saturday, commenting on information on the website of the Ukrainian SZBU security service suggesting that Petro Poroshenko, the former president, was barred from traveling abroad because he would have met with Prime Minister Viktor Orbán. The SZBU said that if Poroshenko met Orbán, this would make him “a tool” of Russian security services. Kovács said such “political showdowns” also demonstrated that Ukraine was not ready for European Union membership.

Read more about the Hungary-Ukraine relations HERE.

Read more about European politics HERE.

Hungarian FM wants to preserve stable and fair cooperation with Russia

Sergey Lavrov and Péter Szijjártó Russian energy

Hungary has a vested interest in preserving a stable, predictable and fair cooperation with Russia in certain areas, the foreign minister said on Thursday.

The ministry cited Péter Szijjártó as saying after a meeting with Russian counterpart Sergey Lavrov in Skopje that the government rejected all forms of pressure aimed to force Hungary to stop all cooperation with Russia.

“We pursue foreign policy on the basis of national interests and will not accept any pressurising from the outside, therefore we will cooperate with Russia in securing Hungary’s energy supply in the upcoming period just like before,” he added.

He welcomed the progress of the expansion project at the Paks nuclear power station, saying that the construction of 2.7 kms of a slurry wall had been completed at record speed, making it possible to continue with ground works.

“It remains a realistic goal to hold the so-called first concrete pouring ceremony next year and the new blocks … could be connected to the system in the early 2030s,” he added.

He said Lavrov had assured him that Russia and Russian companies would fulfill their contractual obligations and supply natural gas and crude oil according to schedule.

“As a result, Hungary’s natural gas supplies will remain to be guaranteed, despite Bulgarians imposing extra tax on natural gas delivered to Hungary, Serbia and North Macedonia via Bulgaria,” he said.

The minister also said that he had told his Russian counterpart that Hungary would continue to support peace in Ukraine.

“It is important to us that arms should not be fired in our region but peace talks should be started … in every international organisation Hungary stands up for keeping the channels of communication open, and for ceasefire and the start of peace talks as soon as possible,” he said.

Read also:

Chinese, Russian agreements, Paks 2 contracts will be reviewed?

paks expansion

Opposition Párbeszéd will ask the Sovereignty Protection Authority, once it is set up, to review contracts signed for the Paks 2 nuclear power station project and certain agreements with China and Russia, Benedek Jávor who is heading the party’s list for the upcoming European Parliament election said on Saturday.

The newly set-up Sovereignty Protection Authority will be tasked with “pestering civilians, opposition politicians and journalists, pursuing smear campaigns, and producing Russian-type kompromats”, he said. He added that these were tasks that have nothing to do with Hungary’s sovereignty but “they will involve removing the remains of democracy”.

At the same time, Jávor said action should be taken to protect Hungary’s sovereignty, with recent years’ efforts by Russia and China to gain influence “with methods known from the Balkans and the third world, by developing economic and political dependencies”.

Pátbeszéd will ask the Sovereignty Protection Authority to review a Russian-Hungarian nuclear cooperation agreement, the Paks expansion contracts including its financing deals, Hungary’s long-term gas supply contracts and gas transport agreements, the Budapest-Belgrade railway construction agreement, and the case of a Chinese loan provided to MVM, he said.

Jávor said these contracts need to be reviewed in order to reveal how Russia and China interfere in Hungary’s domestic affairs.

Read also:

Brussels had enough: EC calls on Hungary to stop relying on Putin

PM Orbán and Putin Russian gas

Seems like Brussels has had enough. Kadri Simson, European Commissioner for Energy Policy, has called on Hungary to do its utmost to reduce its dependence on Russian energy and its “vulnerability to Kremlin influence”.

As the Brussels-based newspaper Politico recalls, in October, Russia’s Gazprom indicated that it would increase gas supplies to Hungary for the winter period, following the meeting between Hungarian PM Viktor Orbán and Russian President Vladimir Putin in Beijing.

“Even Hungary knows that by continuing this activity, they grant Russia the right to manipulate their market,” Simson said. She added that “I know one political leader in Europe who is shaking hands with this war criminal,” referring to their meeting and handshake in Beijing.

Press conference on the State of the Energy Union Report in Brussels
European Commissioner for Energy Kadri Simson gives a press conference on the State of the Energy Union Report in Brussels, Belgium, 24 October 2023. EPA/OLIVIER HOSLET

The EU Commissioner pointed out that the EU as a whole has significantly reduced its dependence on Russian gas. Even vulnerable members such as Slovakia and Bulgaria plan to phase out energy imports from Russia by 2027.

Simson also expressed regret that Hungary is continuing with the Paks II project. She said it “depends on Russia’s support and nuclear fuel”. Find our latest report on the developments of the Paks project HERE.

In September 2021, Hungarian MVM signed two long-term contracts with Gazprom to supply a total of 4.5 billion cubic metres of gas per year through pipelines running through Serbia and Austria, Index informs.

Under constant pressure?

Hungarian foreign minister Péter Szijjártó
Photo: FB/Péter Szijjártó

Foreign Minister Péter Szijjártó said in October that Hungary is under constant pressure from the European Union to reduce its dependence on Russian energy. He said that one of the main obstacles to diversification is precisely the policy in Brussels.

“Where a country buys its energy from is not a political statement. You cannot heat houses and apartments with political statements, you cannot run the economy with political statements”, Index quotes the minister as saying.

“As long as natural gas cannot be transported in a backpack or by plane, it has to be bought from where the infrastructure is,” he said.

Read also:

Paks expansion in construction phase, timetable signed

paks expansion

The expansion of the Paks nuclear power plant has gone beyond paperwork and the construction phase is well under way, Péter Szijjártó, the foreign affairs and trade minister said on Tuesday at the signing of the construction timetable for the upcoming years.

In the 2030s the new blocks can start producing electricity, he told a joint press conference held with Alexey Likhachev, head of Russian nuclear energy company Rosatom, hailing construction of the new reactors.

“Today we signed the schedule for the next few years … and we will be able to connect the new nuclear power plant to the grid at the start of the next decade,” Szijjártó said.

Paks is now the largest nuclear project in Europe with a construction permit, he noted. Besides the Russian main contractor, sub-contractors include several American, German, French, Swedish, Austrian companies, as well as a large number of Hungarian companies, he noted.

Soil excavation has taken place to a depth of five meters under each block, and the next stage is reaching a depth of 23 meters, he said, adding that 60 buildings will be built in the next six months.

Thanks to the investment, Hungary will remain among twenty countries in the world whose economies grow while they reduce harmful emissions, he said, explaining that the new blocks will mean avoiding the emission of 17 million tonnes of carbon dioxide each year.

Rosatom said in a statement that Russia has begun work on equipment for the upgrade project that takes longer to manufacture, such as the reactor pressure vessel, the zone melt trap system and the reactors and their installations.

The project is constantly adding staff, Rosatom said, adding that 800-900 people are expected to be working at the construction site by the end of the year, and around 2,000 by the end of 2024. Around 10,000-13,000 people will be working at the site at the peak of the construction phase, the statement said.

Read also:

Hungary says no to €500 million support for arms transfers to Ukraine, no to 12th sanctions package

EU foreign ministers meet in Brussels

The government continues to reject European Union financing for weapon deliveries to Ukraine, and will do so until it is guaranteed that Ukraine “will never again use trumped-up accusations to put another Hungarian company on its list of sponsors of the war”, Foreign Minister Péter Szijjártó said in Brussels on Monday.

500 million euros

According to a ministry statement, Szijjártó told a press conference in the break of an EU foreign ministers’ meeting that “there has been enormous pressure” on Hungary to agree to another 500 million euro payment from the European Peace Facility for weapon deliveries to Ukraine.

“Some called [the Hungarian stance] unfair, others said it was scandalous … but I asked my EU colleagues not to mislead the public,” he said.

“This isn’t support for Ukraine. These 500 million euros would help member states, which decided to deliver weapons there as sovereign countries, to recover part of the price of those weapons,” he said.

“Hungary will not contribute to paying 1,500 million euros until the Ukrainian anti-corruption agency guarantees that Hungarian companies … will not land on the list of sponsors of the war based on unfounded and sometimes ridiculous charges,” he said.

Regarding Ukraine’s EU candidacy, Szijjártó said the country was “very far from fulfilling the requirements and even from any sort of progress”.

On the issue of minority rights, a priority in the EU, Ukraine has been backsliding, he said. “We have had reports that the Ukrainian education ministry had instructed schools that teachers and students should use the official language, Ukrainian, even during breaks.” The government sees no reason to advance Ukraine’s candidacy, he said.

“Besides, the European Union should take peace to third countries rather than importing war into the bloc,” he said.

Szijjártó said he expected mounting pressure on the issue.

“I think it is particularly cynical on Ukraine’s part that they’re obviously not even trying to solve the issues important to us … They are expecting Hungarians to cave under the growing pressure,” he said.

“EU should evaluate its policy ‘failure’ instead of adopting 12th sanctions package”

Rather than adopting a 12th sanctions package against Russia, the European Union should evaluate the “failure” of the policy it has pursued and the damage caused by the sanctions it has imposed so far, Foreign Minister Peter Szijjártó said in Brussels on Monday.

Addressing a news conference during a break in a meeting of EU foreign ministers, Szijjártó said Monday’s meeting had also been attended by his Ukrainian counterpart via a video call, to seek more support for Ukraine’s fight.

Hungary’s stance is that it is time for the EU to confront the outcome of its political decisions on Ukraine, Szijjártó said, according to a ministry statement.

The EU, he said, should assess the extent to which its policies had achieved their intended goals, as well as their impacts on the bloc and its foreign relations, the member states, Russia and Ukraine.

“If we took a look at what this enormous financial support of more than 80 billion euros has been spent on so far … we’d see that only a small fraction of the goals of these decisions can be said to have been successful,” Szijjártó said.

“The fact is that the sanctions have, at the very least, shot the European economy in the foot…” he said.

“It has also become clear that this war can’t be resolved on the battlefield, because there are only casualties and destruction there. And it’s also clear that the hopes of a breakthrough success for the Ukrainian counter-offensive have by today become an illusion.”

Szijjártó said the EU will this week put forward a proposal on its 12th package of sanctions.

“I think it’s totally fair to ask how we can have a meaningful debate on a 12th sanctions package when there hasn’t been any kind of comprehensive analysis on the first 11 packages,” the minister said.

He said Brussels and certain member states were not prepared to confront the damage the sanctions had done to the European economy and how they had failed to fulfil their purpose.

The sanctions have failed to achieve their main goals of bringing the Russian economy to its knees and bringing about peace, he said.

“And we also don’t see a possibility for a meaningful debate on transferring tens of billions of euros more to Ukraine when the EU and its member states haven’t received any kind of briefing or account of how the 80 billion euros approved so far has been spent,” he added.

As we wrote earlier, Orbán government pays millions of euros more to Russia for gas than it would have on stock exchange, details HERE.

Orbán government pays millions of euros more to Russia for gas than it would have on stock exchange

Putin Orbán Russian gas disgraceful role

Gas prices on the Dutch stock exchange have been falling for the ninth month in a row. However, Hungarian citizens are not affected by this positive change. How come? Hungarian residential gas tariffs have remained unchanged for a year. This is because Hungary pays for gas under a 15-year contract from October 2021: a contract signed by the Orbán government with Russia.

Russian gas more expensive than gas on Dutch stock exchange

Referring to the August data of the Hungarian Central Statistical Office (KSH), Népszava wrote that August seems to have brought some calm to the gas markets. At that time, Russia could charge Hungary around HUF 122 (EUR 0.32) per cubic metre of fuel. That meant a 3% increase compared to July. However, the benchmark average price on the Dutch stock exchange TTF, two months earlier, comes out at HUF 114 (EUR 0.30).

In August, the Russians could charge Hungary EUR 33.4 for every megawatt hour of gas. By contrast, the benchmark average price on the Dutch stock exchange in June was EUR 32.6.

Hungary paid EUR hundreds of millions more

In the meantime, MVM, Hungary’s leading power wholesaler, has started filling gas storage facilities. Thus, in one month, we received 687 million cubic metres of gas from Moscow, double the level of the same month last year. By August this year, we had received 3.6 billion cubic metres of Russian gas for a total of HUF 869 billion (EUR 2.3 billion). It is true that this is 16% less than in the first eight months of last year.

According to the calculation of Népszava, if Hungary had bought the fuel this year on the stock exchange instead of on the basis of the contract concluded by the Orbán government with the Russians (which will be in force for 15 years from October 2021), we would have paid HUF 337 billion (EUR 888 million) less by August 2023.

Russian gas supplies through Ukraine to be cut off

Ukraine’s Naftohaz will not extend its contract for the transit of Russian gas through Ukraine to the European Union, said the company’s CEO Oleksiy Chernyshov, in his interview with the Deutsche Welle Business News. The contract will expire at the end of 2024. The head of the company said that, until now, transport has only been reserved for countries that do not have a coastline.

Supporting Russia through the purchase of Russian gas during wartime is absurd. Natural gas and oil exports are among the main weapons in Russia’s war against Ukraine. Russia uses energy as a weapon. We believe that cheap gas comes with a high price,

the CEO said.

The decision will put the Hungarian, Slovakian, Czech and Austrian markets in a difficult situation, as currently around 42 million cubic metres of natural gas per day arrive via the routes through Ukraine, Index writes.

Read more about Hungary-Russia relations below:

Why is today a National Mourning Day in Hungary, symbolised by Russian tanks?

Historians agree that the 1956 anti-Soviet and anti-Communist revolution and freedom fight was the poorest of such movements in the 20th century. Hungarians – mostly young workers in their 20s – wanted a free and independent Hungary not occupied by Soviet forces. Until the end of October, even the leader of the revolution, Imre Nagy, a former Stalinist leader who later joined the reform communists, thought Moscow would let Hungary away from the Eastern Block and join the non-aligned states, including Yugoslavia and Finland. Instead, the Soviet tanks came to crush the revolution of the Hungarian workers and peasants.

The new leaders of the reestablished Communist regime came on the tanks of the Soviet Union but enjoyed disdain. That is because the 1956 revolution was not led by former aristocrats or clerics – as later the Communist historians spread – but by university students, young workers and peasants. Those who were supposed to be the pillars of the Communist regime.

The Rákosi era that started after the Communists destroyed the post-war Hungarian democratic attempt was a catastrophe for almost everybody. The pure Stalinist regime wanted to make Hungary the country of iron and steel without coal, iron and other raw materials. Therefore, the standard of living constantly fell even though people worked a lot.

That is when Imre Nagy, a former Communist leader who took an active part in establishing and running the system for years, sided with the reform movement and became prime minister for a short while. However, Rákosi gained his power again, so the people went on the streets parallelly with the similar Polish movements.

Hungary will be the new Finland?

In end-October, the revolutioners defeated the Hungarian Communist authorities and forced the Soviet army to retreat. However, by 31 October, it became clear that Moscow decided to crush the revolution. That came after the Americans made it clear: they do not consider Hungary as a potential ally. The Soviet Union and the USA parted the world again: Hungary remained in the Soviet sphere of interest. Meanwhile, Moscow withdrew its advisors and weapons from Egypt and let the Western powers deal with the Suez crisis alone.

As a result, the Soviets took away János Kádár and some other Communists and entrusted them to continue to run Hungary as a satellite country of the world power. Kádár, Ferenc Münnich and other said ‘Yes’.

On 4 November, the Soviet attack began, and only the young revolutioners took up the fight. The Hungarian armed forces mostly remained silent. Though fights lasted until 10-11 November (e.g. in Csepel, a centre of Hungarian industry and workers), the well-trained and supported Soviet troops reconquered the country quickly.

Hungarian flag on half-mast today, marking the Soviet crush of the 1956 October revolution and freedom fight:

1956 Hungarian revolution
Photo: MTI

But they could not break the will of the Hungarians. Workers’ councils were formed continuing resistance, and they were so powerful that even Kádár could not shut them. The people hated him and his new government, protests, strikes and peaceful marches followed.

Prison and wage rise

The new government reacted with a honey and whip strategy. 350 people were executed, including Imre Nagy, 13 thousand Hungarians were put in internment camps, and 22 thousand people were sentenced to prison. 211 thousand people left Hungary, and 170 thousand did not return despite promises of amnesty. They were a huge loss for the economy and the society because they were the shrewdest, most hard-working and bravest citizens. Many countries profited from their work.

Meanwhile, the government provided honey for those remaining here. For example, they considerably raised workers’ salaries. They abolished many unpopular measures of the Rákosi regime and allowed peasants to buy and sell land. They decreased taxes and provided travel discounts for many people. The system punished only those who were active in the armed fights against the Soviet troops.

Soviet tank in Budapest
Photo: fortepan.hu

As a result, on 1 May 1957, they could hold a mass rally to celebrate International Workers’ Day. However, they were not able to reintroduce the Rákosi regime. The Kádár-type compromise between the Communist Party and the people was that the party let people increase their wealth. That meant an increasing standard of living. In that regard, the 1956 revolution was successful: it enabled Hungary to become the “happiest barrack” in the Soviet world, where there was no famine, and people could buy a car or weekend house if they worked hard.

Historians agree that such prosperity could have been reached with much less work under capitalist and democratic circumstances. Furthermore, since Hungarians needed to work a lot but gained little, the number of chronic diseases (heart, cardiovascular, etc) rose, along with depression and suicide. The Kádár compromise remained without the shadow of a doubt two-faced.

PM Orbán: Ukraine will not win on the battlefield, EU needs plan B

PM Viktor Orbán Ukraine

The global developments of recent times have been tumultuous, and European politics is facing serious challenges, Prime Minister Viktor Orbán told the 10th summit of the Organisation of Turkic States in Astana on Friday. Europe’s answers to those challenges will heavily impact its relations with the Turkic world, Orbán said.

Orbán said that from a European standpoint, world security was now at its worst since the end of the cold war. “The situation has never been as difficult or complicated in the past 30 years as it is now,” he said.

A war has been raging for over 18 months in Ukraine, armed conflict has just broken out in the Middle East, terror threat is growing in the EU, and the bloc has failed to stem the “waves of migration” at its borders everywhere except in Hungary, he said.

Meanwhile, growing energy prices are harming the EU’s competitiveness, he said.

“Europe’s dilemma is whether it has an interest in creating blocs in world economy or in developing global networks and connectivity,” he said.

Orbán said one trend was trying to push Europe towards the former, by severing “the economic ties with Russia which are at the foundation of European economy”, and debating curbing European-Chinese relations. The other trend, of which Hungary is a proponent, wants to strengthen cooperation, and sees interdependence as an opportunity for progress and growing competitiveness, Orbán said, praising the OTS as a “champion of competitiveness” which had been on the “right track” in recent years.

Ukraine money caused huge tension in the EU

Regarding the war between Ukraine and Russia, Orbán said the conflict was putting the entire continent in immediate danger. “I must say, the European strategy has clearly failed over the past 18 months,” he said.

Orbán said the original plan was that Ukraine would be fighting while the West is providing the money and weapons, then Ukraine wins, Russia is defeated in the battlefield, changes follow in leadership in Moscow and an agreement can be signed with the new leaders. That ambitious and logical plan has not worked, he said. The question in European politics now is whether to face reality and prepare a plan B, he added.

The European Union is now considering granting 50 billion euros to Ukraine, which is a sign that the majority still thinks that the previous, failed strategy should financed, Orbán said.

He added that this dispute caused huge tension between EU countries and it would last at least two months.

Hungary is calling for a plan B which aims at ceasefire, peace talks and building a new European security architecture which is reassuring for Ukraine but also acceptable to the Russians, he said.

Hungary ready to participate in the work of the Turkic Investment Fund

The new European security structure must also involve Türkiye and through it all Turkic countries, because sustainable and long-term European security cannot be imagined without Türkiye, he added.

The role of the OTS is increasing in the current international situation, he said. Turkic countries have already been able to dampen conflicts, and the risk of escalation and “Hungary would like to strengthen this policy within the Organisation”, he added.

He confirmed that Hungary was ready to participate in the work of the Turkic Investment Fund and upheld its plan to contribute 100 million euros to it.

He expressed thanks to Hungary for an opportunity to join the Green Financial Council and noted that Hungary was among the 20 countries in the world that increased its GDP while reducing emissions.

At the start of his speech, Orbán thanked Kazakh President Kassym-Jomart Tokayev for the invitation and wished him a successful presidency. He expressed “the Hungarian people’s respect” to Turkish President Recep Tayyip Erdogan and to Türkiye for the 100th anniversary of the founding of the republic. He thanked Erdogan for his efforts to restore peace and also greeted President of Uzbekistan Shavkat Mirziyoyev, and thanked his for successfully carrying out the work of the Organisation of Turkic States “in a very difficult and complex period”. He wished much success to Azeri President Ilham Aliyev for his work on the stabilisation of the region and for the reconstruction of Karabakh.

Read also:

  • PM Orbán receives high state honour in Kazakhstan – Read more HERE
  • FM Szijjártó: Third world war closer than ever – Find out more in THIS article

Macron supports Orbán: his meeting with Putin may become handy

PM Orbán and Macron

Macron believes it may become handy that PM Viktor Orbán met Russian President Vladimir Putin in Beijing two weeks ago. The Hungarian prime minister told NATO and EU leaders that the talk could not be evaded. Meanwhile, President Macron showed support towards Orbán. That is another sign of a stabilising France-Hungary cooperation in the European Union and NATO.

We wrote HERE that Hungary sends a lot of support to Chad, one of the world’s poorest countries where a Macron-ally antidemocratic regime is in power. That is unique in that region because most local rulers there turned towards Russia or China recently. The Hungary-Chad cooperation can be a sign of the forming of France-Hungary friendship.

Furthermore, HERE we wrote that Germany seems to have started to neglect Hungary. Their chancellor did not show enough respect for Orbán, so the Hungarian prime minister sought new allies in Europe.

Another sign of the France-Hungary cooperation may be Marcon’s reaction to the Hungarian prime minister’s bilateral discussion with Russian President Putin in Beijing.

Xavier Bettel, the prime minister of Luxemburg, said after the meeting that Orbán’s talk with Putin was showing a middle finger to all those who fight and die against the invading Russian forces, telex.hu wrote. Moreover, the Estonian and the Lithuanian presidents criticised Orbán for talking with Putin.

Macron defended Orbán’s meeting with Putin

The Lithuanian president said Orbán’s meeting with Putin carried a bad message to Ukraine and the international community. Meanwhile, the Estonian Prime Minister, Kaja Kallas, said that she would not like to be in a photo with Putin, who she called a war criminal. She said nobody should make Orbán apologise. She added Orbán said wrong things but did the right ones up until now. “So we were fine”. For example, he criticised Ukraine’s support but took part in it. She hoped that will continue.

Meanwhile, Macron said he was not shocked after hearing the news. “There’s absolutely no need to prohibit a head of state or government from going in one direction or another”, he added. He added that he thinks it could be useful, “who knows, at some point.”

He only demanded that such talks not weaken European unity and the heads and prime ministers of the states should coordinate with EU and NATO allies before, The Guardian wrote. And that is what Orbán did before the meeting.

Considering Hungary’s EU membership, he said Brussels did not invade Hungary. “Hungary made a sovereign decision to join our Europe. It has benefited greatly from this and has benefited from it since it joined. And the Hungarian people have had a much better life since they joined our Europe, but it was a sovereign choice,” he said.

We wrote HERE that the wealthiest Hungarian and a university professor both think there is an increasing chance for a Huxit in the next 5-10 years.

Mysterious: Orbán told NATO, EU he COULD NOT EVADE a meeting with Putin

orbán and putin in beijing china propaganda

PM Viktor Orbán met with Xi Jinping and Vladimir Putin last week in Beijing. A Hungarian news outlet said he informed the Western allies about the meeting with the Russian president. He added Putin initiated the talk, and he could not evade it.

According to hvg.hu, Orbán informed NATO Secretary General Jens Stoltenberg and Charles Michel, the President of the European Council, via phone about his meeting with Russian President Vladimir Putin. He said it was not his idea to meet with Putin, but he could not evade it.

Bertalan Havasi, Orbán’s press chief, said such coordinations are routinely happening before international meetings since Hungary is a member of NATO and the EU.

According to telex.hu, “Europe’s last dictator”, Belarus President Alexander Lukashenko, invited Orbán to an official visit. Putin’s closest ally passed the invitation to Hungarian FM Péter Szijjártó, who was in Minsk on a two-day international conference. Based on the information of the Hungarian news outlet, the Belarus president said the Hungarian-Belarusian trade relationship is in bad condition and provided the Hungarian government wanted to help Hungarians work and invest in the country, the Belarusian government is open for creating the best circumstances for that.

Read HERE and HERE what the wealthiest Hungarian said about a possible Huxit, while in THIS article, you may read about Orbán’s opinion about Ukraine’s chances against Russia.

Chinese ambassador: Orban’s visit to China success

Prime Minister Viktor Orbán’s visit to China last week was successful and fruitful, reflecting increased mutual political trust between the sides, Chinese Ambassador to Hungary Gong Tao said on Friday. He told a press conference that thanks to the visit, bilateral cooperation strengthened under the arrangements of the Belt and Road Initiative and also Hungary’s eastern opening strategy. Cooperation between the sides is an example for a new type of international cooperation and a strategic partnership has developed between Hungary and China, he added.

He noted that the Hungarian delegation signed cooperation agreements with the Chinese government in ten areas. Events planned to mark the approaching 75th anniversary of diplomatic relations between China and Hungary will help further intensify cooperation, he added.