Took the biggest deal between Russia and Hungary in the development of the Hungarian Atomic Energy . Russia has pledged to give 30 - year loan of 10 billion euros to build capacities only Hungarian nuclear power plant.
Billions of euros-worth of tax is lost in Hungary each year because of VAT fraud. The tax authority suggests the issue is innate to the European tax system, and cannot be stopped.
In the light of a weakening European Union and a less reliable NATO, Budapest is reassessing its position in Europe. A more centralised control of domestic politics and a more independent foreign policy are key parts of this strategy, writes Stratfor.
NATO Secretary General Anders Fogh Rasmussen stressed the importance of multinational cooperation to improve defence capabilities during his visit to Hungary on Monday (1 July 2013), which included talks with top Hungarian officials and a visit to the Strategic Airlift Capability at the NATO airbase in Pápa. “This is a perfect example of smart cooperation: nations working together to provide a capability which they could not afford on their own,” the Secretary General said.
Hungary hasn’t yet become an authoritarian state, but if the Prime Minister wishes so, it will.
Having announced the policy of openness towards East, Hungary leads “free war” with the IMF and the EU.
Hungary’s recent extradition of a convicted axe murderer to Azerbaijan has caused a scandal. At home, the killer was pardoned and celebrated. It’s rumored that Hungary and Azerbaijan brokered a deal for the extradition.
On March 15, Hungarian Prime Minister Viktor Orbán stood before nearly 100,000 of his fellow countrymen in Budapest and declared, “Hungarians will not live as foreigners dictate.” Drawing an explicit connection between the European Union, which Hungary enthusiastically joined in 2004, and the Soviet Union, which brutally crushed a Hungarian revolt in 1956, Orbán said, “We are more than familiar with the character of unsolicited comradely assistance, even if it comes wearing a finely tailored suit and not a uniform with shoulder patches.”
Azerbaijan is a great friend and a strategic partner of Hungary in the South Caucasus region, Hungarian President Schmitt Pál said in an interview with Trend on the eve of his visit to Azerbaijan.
State considers EUR 1.88 bn purchase of MOL shares a strategic investment