Independent thinking for complex markets and current events
A massive explosion tore through the Olefin 1 plant in Tiszaújváros this morning while workers were trying to restart the unit … The blast was reportedly triggered by a compressor failure that set off a fire and sent huge plumes of black smoke over the facility … Prime Minister Peter Magyar and top energy officials …
JUST IN – Elon Musk says Soros Organization has taken over Hungary after election results pic.twitter.com/tNfK4KcbFN — Insider Paper (@TheInsiderPaper) April 12, 2026 *Soros Organization has taken over Hungary — Elon Musk (@elonmusk) April 12, 2026
https://twitter.com/steve_hanke/status/2026324205986361602 Factcheck: No. The claim misrepresents events. Supplies to Slovakia (nearly 100%) & Hungary (~70-80% Russian oil via this route) halted Jan 27 after Russian drone strike damaged Druzhba pipeline infrastructure in western Ukraine (Lviv/Brody area; Ukraine released photos of fires/damage). On Feb 23, Ukraine drone-struck a Russian pumping station (Kaleykino, Tatarstan) upstream on the …
Putin thanks Orban for offering Budapest as potential site for US-Russia summit 'Donald was the one who suggested this We were delighted to agree' https://t.co/HQeen1LiQI pic.twitter.com/BgKEIrKdIO — RT (@RT_com) November 28, 2025 Russia’s leader Vladimir Putin, during a meeting with Hungarian Prime Minister Viktor Orbán, expressed his readiness to meet with US President Donald Trump …
🚨 BREAKING: Following a TWO HOUR phone call this morning, President Trump announces he and Vladimir Putin have agreed to meet in Budapest, Hungary to try to end the war in Ukraine once and for all The Peace President NEVER stops! Make this the NINTH war you’ve ended, 47! pic.twitter.com/Na51o7yndd — Nick Sortor (@nicksortor) October …
🚨BREAKING: Hungary REJECTS the European Union Migration Pact: "If Brussels wants illegal migrants, Brussels can have them." -Prime Minister of Hungary, Orbán Viktor 🇭🇺 pic.twitter.com/mxxOPrpYRd — Based Hungary 🇭🇺 (@HungaryBased) October 14, 2025
The new government of Slovakia, led by Prime Minister Robert Fico, has ended military aid for Ukraine. The government said it was still ready to provide humanitarian and other aid. “Our aid to Ukraine is important and makes sense because it is above all in our interest, our interest in the stability and peace in …
The EU is preparing a plan to cut off the “Druzhba” pipeline for Hungary and Slovakia, – Bloomberg. The European Commission is reviewing the issue of continued imports of Russian oil through the Druzhba pipeline, which supplies Hungary and Slovakia. These plans are separate… pic.twitter.com/Wd1qKOyo9I — Maria Drutska 🇺🇦 (@maria_drutska) September 21, 2025 Budapest and …
HUNGARY FM: “WE CALL ON ZELENSKY TO STOP THREATENING HUNGARY” Hungary’s Foreign Minister, Péter Szijjártó: ” @ZelenskyyUa used Ukraine’s national holiday to threaten Hungary. We firmly reject the Ukrainian President’s intimidation. In recent days Ukraine has carried out serious attacks against our energy supply. An attack on energy security is an attack on sovereignty. We …
by Martin Armstrong Hungary’s Viktor Orban is fighting declining birth rates with a “population first” agenda that will make parenthood more affordable. “We are building the world’s first family-centered economy,” Orban proclaimed. One of the first steps will be eliminating taxes for mothers. Mothers with one child will be exempt from paying income tax until …
UKRAINE: Hungarian Foreign Minister Peter Szijjarto declared that Hungary would not provide any financial aid to Ukraine and would veto any attempt by Brussels to fast-track Kyiv’s accession to the European Union. pic.twitter.com/bX7C2vlJnW — @amuse (@amuse) April 15, 2025 Trump: “You don’t start a war against somebody that’s 20 times your size and then hope …
A foot-and-mouth outbreak in Hungary that has caused border restrictions and the culling of thousands of animals could have come from an artificially engineered virus, the prime minister's office has suggested https://t.co/Sl4mJxy5pE pic.twitter.com/ECPUdRY6ow — Reuters (@Reuters) April 10, 2025 Terrifying virus shuts European borders as PM says it may be ‘biological attack’ Foot and mouth …
by Martin Armstrong The European Union has a “new normal” for bloc resolutions that no longer require unanimous votes. Hungary adamantly rejects the proposal to send $22 billion (20 billion euros) to Ukraine, therefore, the bloc instantaneously changed the rules and determined that unanimity is no longer a requirement. “The statement on Ukraine today will …
by Martin Armstrong Brussels has been eager to oust Hungarian leader Viktor Orban. The prime minister has grown bolder in his battle against Ukraine regarding the nation blocking gas imports from Russia. Orban has not declared that he may not renew the European Union’s required sanction on Russia unless Ukraine renews the Russian pipeline deal. A …
Every country has the right to walk it’s own path. This is ours. pic.twitter.com/9wCmPtrECt — Orbán Viktor (@PM_ViktorOrban) December 23, 2024 Romania and Bulgaria have become full members of the European Union’s border-free Schengen area after scrapping land border controls in the bloc. The expansion was officially introduced at midnight on Wednesday and was marked …
“Hungary torpedoed the release of the EPF funds, citing alleged discrimination against Hungarian companies in Ukraine and the risk to Hungary’s energy supply after Ukraine extended a ban on the transit of oil by Lukoil. He stressed that while Hungary would not interfere with member states funding such initiatives voluntarily, it would not support making …
TAIPEI — Taiwanese company Gold Apollo said Wednesday that it authorized its brand on the pagers that exploded in Lebanon and Syria in an apparent Israeli operation targeting Hezbollah’s communications network but that another company based in Budapest manufactured them. Pagers used by the militant group Hezbollah exploded near-simultaneously Tuesday in Lebanon and Syria, killing …
By Martin Armstrong https://www.armstrongeconomics.com/wp-content/uploads/2024/06/Viktor-Orban-Defends-Hungary.mp4 The European Union has fined Hungary for failing to accept its delegated quota of migrants. Hungary has refused to pay the fine €200 million fine issued by the European Court of Justice (ECJ). Will this be the issue that finally breaks ties between Hungary and the European Union? Hungary is constantly …
Hungary says it will provide free tickets to Brussels for migrants trying to enter the EU Hungary’s anti-immigration government is prepared to provide free one-way tickets to Brussels for migrants and asylum seekers attempting to enter the European Union, a minister said Thursday in response to hefty fines recently imposed on the country over its …
In a recent video, economics and geopolitics YouTuber Lena Petrova discusses a significant move by Ukraine, supported by the European Union, to cut off the oil supply to Hungary and Slovakia. This decision is seen as part of a broader geopolitical strategy amidst tensions in Europe, particularly in light of Hungarian Prime Minister Viktor Orban’s …
Zsolt Gyulay, President of the Hungarian Olympic Committee (HOC), has called for urgent discussions with the International Olympic Committee’s (IOC) Director of Sport. The issue revolves around the presence of Imane Khelif, an Algerian boxer with a masculine appearance, in the women’s boxing quarterfinals at the Paris Olympics. Hungarian Conservative has reported this morning in …
Hungary borrowed one billion euros ($1.1 billion) from Chinese banks earlier this year, its debt management agency said on Thursday (25 July), as the EU member state faces a difficult financial situation. The Hungarian government did not announce the deal, which was first reported by the local financial news site Portfolio based on publicly available …
Viktor Orbán: “Other European countries would give half their lives if they could have a country without migrants again. In Hungary we have zero unwanted migration; only those we let in can come here”. Do you agree with him? pic.twitter.com/g9Fj5zTt4Y — Cillian (@CilComLFC) June 22, 2024 June 13, 2024: EU fines Hungary €200 million for …
A European Union court has ordered Hungary to pay a fine of €200 million for refusing to adhere to the bloc’s rules imposing open borders on all its member states. The ruling, which dates back to Prime Minister Viktor Orban’s refusal to implement a 2020 order from the European Court allow migrants to stay in …
The deadlock began over a year ago when Hungary refused to endorse a €500-million tranche under the European Peace Facility (EPF), an off-budget tool that allows member states to obtain partial reimbursements for the military equipment they send to Kyiv. Hungary’s veto on the €500-million envelope has affected two others of the same size, amounting …
This woman’s good. She was instrumental in the farmers protests in the Netherlands. Same meeting where Orban talked of the Empire of George Soros Here it is! The full speech I gave at #CPACHungary that the establishment is losing its absolute mind about. I spoke the forbidden truth: The Great Replacement is no longer a …
That’s a wonderful initiative by Hungary! Encouraging families and supporting citizens is commendable. This policy has already been in place for 5 years. https://t.co/k8466oJSr9 Alongside more recent ideas such as a mortgage loan discount and a ~20% p.a. government bond (!) for parents. It slightly reversed the downward trend, but 1.5 is still below the …
Hungary’s new law on “protecting national sovereignty”, which the ruling Fidesz party said was necessary to protect against foreign political interference, violates European Union law, the European Commission said on Wednesday. The Commission said it had sent Hungary a formal notice that it would open an infringement procedure over the law https://www.reuters.com/world/europe/eu-tells-hungary-its-sovereignty-law-violates-eu-law-2024-02-07/ Under Hungary's new …
Hungary opposes new EU sanctions against Russia We are talking about restrictions on cooperation in the energy and nuclear industries. “We believe that the sanctions policy has failed – Hungary opposed the new EU sanctions on cooperation with Russia in the field of energy and the nuclear industry,” said Hungarian Minister of Foreign Affairs and …
by Chris Black This is really the same thing as the Republicans vetoing Ukraine aid. It’s an excuse. #Ukraine’s swift accession to the European Union would have devastating consequences for European #farmers, the EU’s budget and European security. It serves the best interests of neither Hungary, nor the European Union, therefore we cannot support it! …