On September 27, 2021, Hungary signed a new natural gas supply contract with Russia, which would de-facto prevent the import of this commodity from any other location. The signing of the agreement is part of a consistent policy of the Viktor Orbán government, which is based on closer cooperation with Russia. The suggested alternatives (e.g., supplies from Azerbaijan) have so far...
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Currently, a significant challenge facing Slovakia is the rapidly growing prices of energy commodities, including natural gas. This problem affects not only large enterprises, but also individual clients. In addition to rising prices, the low level of filling of natural gas storage facilities is also worrying. Russia’s steps to reduce gas transport via Ukraine also directly...
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On September 8-9, 2021, President of the Republic of Poland Andrzej Duda paid an official visit to Budapest. It was the sixth visit of the Polish president to Hungary since 2015. During that six-year period, the presidents of Poland and Hungary met as many as 12 times, both as part of bilateral visits and in meetings of the Visegrad Group. Polish-Hungarian relations have been very...
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On Monday, September 6, 2021, the groundbreaking ceremony for the national drug factory (nemzeti oltóanyaggyár) in Debrecen took place. The factory is to be launched next year and is also to produce vaccines against COVID-19, including the Russian Sputnik V and Chinese Sinopharm vaccines. The investment is expected to increase Hungary’s security in the face of the current...
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Next year’s Seventh Summit of the Three Seas Initiative (TSI) will be held in Riga. In light of the main challenge facing TSI, which is finding financing for priority projects in the region, President Egils Levits announced that Latvia plans to focus on raising private capital to improve transportation, energy, and digital infrastructure in this part of Europe. A kind of...
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