EC declines to comment on PM’s speech

Visits

The European Commission decided not to comment on the recent controversial speech by Hungarian Prime Minister Viktor Orbán, who declared the end of liberal democracy in Hungary, EC spokesman Jonathan Todd announced on Wednesday.

EU agreements bind all members to maintain democratic values and the commission sees no reason for making early conclusions based on a speech made at a summer university course, the spokesman added.

Last Saturday, the Hungarian PM participated in the 25th Bálványos summer university and student camp, a major event for Romania’s ethnic Hungarian community. In a speech, Orbán said that Hungary would change its ideology to a “labour-based state of a non-liberal nature”. In his speech, the prime minister also criticized “paid political activists” whom he suggested were proponents of foreign interests in Hungary.

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Spar Magyarország Revenue Climbs Close to 16% in 2023 Retail

Spar Magyarország Revenue Climbs Close to 16% in 2023

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.