Hungary (6do encyclopedia)



Hungary, officially known as the Republic of Hungary, is a Central European country that is landlocked and shares borders with Austria, Slovakia, Ukraine, Romania, Serbia, Croatia, and Slovenia. Hungary has a population of approximately 9.8 million people and its capital and largest city is Budapest.

Geography

Hungary has a land area of 93,030 square kilometers, which ranks it as the 108th largest country in the world. The country is mostly flat, with rolling plains making up around 70% of the territory. The Danube river flows through the center of the country and serves as a border between Hungary and Slovakia. The Tisza river also flows through the country and is the longest river entirely within Hungary.

Hungary has a diverse landscape that includes large lakes, wetlands, and rivers. The largest lake in Hungary is Lake Balaton, which is a popular tourist destination for both Hungarians and foreigners. The country also has several national parks, including Hortobágy, the largest natural grassland in Europe, and the Bükk Mountains which offer scenic views and hiking trails.

Climate

Hungary has a temperate climate with warm summers and cold winters. The temperature is relatively uniform across the country and ranges from an average of 2°C (36°F) in January to 20°C (68°F) in July. The country experiences occasional heat waves in the summer and cold snaps in the winter. Hungary receives an average of 600 millimeters of precipitation per year.

History

The history of Hungary dates back to the Magyar tribes who settled in the Carpathian Basin around 900 AD. The Magyars established the Kingdom of Hungary in the year 1000, which lasted until the Ottoman Empire conquered the country in the 16th century. Hungary became part of the Austrian Empire in the 18th century, and following World War I, the Treaty of Trianon was signed, which reduced Hungary’s territory by two-thirds.

During World War II, Hungary became an ally of Nazi Germany and played a role in the Holocaust. Following the war, Hungary became a communist state under the influence of the Soviet Union. The country remained under communist rule until 1989 when the Iron Curtain fell and Hungary became a republic with a multiparty system.

Politics and Government

Hungary is a parliamentary representative democratic republic. The President of the Republic is the head of state, while the Prime Minister is the head of government. The Hungarian Parliament is a unicameral body with 199 members who are elected for a four-year term.

The current President of Hungary is János Áder, who has been in office since 2012. The Prime Minister is Viktor Orbán, who has been in office since 2010.

Economy

Hungary is a high-income mixed economy with a strong emphasis on exports. The country has a well-developed infrastructure and is a member of the European Union, the World Trade Organization, and the Visegrád Group.

The country’s main industries include automotive manufacturing, food processing, pharmaceuticals, and information technology. Hungary is heavily reliant on the European Union for trade, with Germany being its largest trading partner.

Culture

Hungary has a rich culture that is influenced by its unique history and location. Hungarian cuisine is known for its use of paprika, a spice that is commonly used in dishes such as goulash and stuffed peppers. Hungary is also known for its wine, with Tokaj being one of the most famous wine regions in the country.

The country has a vibrant music scene, with classical music being particularly popular. Hungary has produced several famous composers, including Franz Liszt and Béla Bartók. The country is also known for its folk music, which is often played on traditional instruments such as the cimbalom.

Conclusion

Hungary is a fascinating country with a rich history and culture. Its location in the heart of Europe makes it a popular destination for tourists, and its strong economy and well-developed infrastructure make it an attractive place to do business. Hungary’s unique blend of Eastern and Western influences makes it a truly unique and captivating country.


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Leak reveals Zelensky privately plots bold attacks inside Russia

The Sydney Morning Herald

23-05-14 03:13


Ukrainian President Volodymyr Zelensky has proposed provocative actions such as occupying Russian villages, bombing a pipeline that moves Russian oil to Hungary and firing long-range missiles to hit targets inside Russia’s borders, according to classified US intelligence documents detailing his internal communication with military leaders. The documents were intercepted digitally, providing a rare first-hand look at Zelensky’s deliberations amid Russian missile barrages, war crimes and infrastructure attacks. Zelensky has suggested going in a more audacious direction to gain leverage over Moscow, despite a public-facing image of being the calm and stoic statesman weathering Russia’s attacks. In all previous instances, Zelensky has prioritised targeting Russian forces inside Ukraine’s borders, rather than using the weapons they provide for attacks inside Russia.

https://www.smh.com.au/world/europe/leak-reveals-zelensky-privately-plots-bold-attacks-inside-russia-20230514-p5d87l.html
Next England manager does not have to be English, says FA

Telegraph

23-05-13 22:30


The coach of the next England football team after Gareth Southgate could come from anywhere, but they should "probably… have worked over here", according to John McDermott, the Football Association's technical director. Southgate's contract expires after the European Championship in 2024. McDermott, who will lead any search for a successor, praised Southgate but did not rule out recruiting from outside the UK. McDermott also said England could have won last year's World Cup and had a "genuine feeling" they could win the Euros in four years' time.

https://www.telegraph.co.uk/football/2023/05/13/succession-plan-gareth-southgate-not-english-fa/
China’s Strong Data Likely to Mask Weakening Recovery

Bloomberg

23-05-13 20:00


This week, key economic data could suggest that China’s recovery is doing much better than it is in reality. Official figures are predicted to show rapid year-on-year growth in industrial output and retail sales, and fixed-asset investments so far in 2023 also estimated to have gathered pace. However, there is a caveat to these figures, which compare to an exceptional time period in China last year, during the lockdown in Shanghai which halted or slowed activity elsewhere. So while economists usually pay close attention to year-over-year data in China, this time they may view month-on-month comparisons a better indicator.

https://www.bloomberg.com/news/articles/2023-05-13/world-economy-latest-china-s-strong-data-likely-to-mask-weakening-recovery?srnd=next-china
Sloan MacKenzie, Katie Vincent collect bronze for Canada at Canoe Sprint World Cup

CBC

23-05-13 19:49


Canadian canoeists Sloan MacKenzie and Katie Vincent have finished third in the women’s C-2 500 meters at the Canoe Sprint World Cup in Hungary. The win marked the second medal for Vincent, who earlier took home the silver medal in the C-1 200 metres on Friday.

https://www.cbc.ca/sports/olympics/summer/canoe-kayak/mackenzie-vincent-canoe-sprint-bronze-world-cup-hungary-1.6842847
Zelensky, in private, plots bold attacks inside Russia, leak shows

Washington Post

23-05-13 19:13


Ukrainian President Volodymyr Zelensky has proposed referring to military action involving the occupation of Russian villages, bombing a pipeline that transfers Russian oil to Hungary, and discussions about firing long-range missiles to hit targets inside Russia. Zelensky, who has rejected using weapons Western powers with which to attack Russia, instead advocates targeting Russian forces on Ukraine’s borders. Due to being carried out on a Discord messaging platform, the broader leak of US secrets, containing the details of Zelensky’s internal communications with leading military figures, has received constraint.

Some of the documents indicate that Zelensky exercises control over the ambition of subordinates, but in obvious instances, he is the one seeking dangerous military initiative. For instance, Zelensky suggested that Ukraine should occupy Russian border cities, proposing the strikes of Russia during a meeting in January with his military leadership. In February, Zelensky expressed his apprehension at Ukraine’s lack of long-range missiles that could target Russian troops in Russia. He even proposed using drones to attack unknown deployment locations in Rostov, which is situated in western Russia, during another classified document.

Though Western governments have reacted positively to Zelensky’s refusal to attack Russia with their provided weapons, the Ukrainian President proposes daring initiatives privately. Last week, Britain became the first Western nation to provide Ukraine with long-range missiles, with a spokesman for the UK embassy highlighting the missile’s use within Ukrainian boundaries. Still, U.S. President Biden has spurned Zelensky’s request for long-range Army Tactical Missile Systems (ATACMS) capable of hitting targets up to 185 miles away. Ukraine has pledged not to use U.S. weapons to attack Russia.


https://www.washingtonpost.com/world/2023/05/13/zelensky-ukraine-war-leaked-documents/

US debt woes could trigger a return to favour for fund manager specialising in emerging markets

Telegraph

23-05-16 06:00


Emerging markets-focused asset manager Ashmore is being tipped to return to favour, with a share price currently languishing at 234.4p, compared to 2020's peak of 570p and a peak of investments under management of $94.4bn in June 2021. Factors that dragged Ashmore's shares down include: a trend towards growth and technology rather than emerging markets; economic uncertainty and the Ukrainian conflict damping sentiment; and Ashmore's own investments performing below customers' expectations. However, a return to favour for emerging markets, plus scarcity in the debt market, could be a catalyst for Ashmore and the areas in which it invests, according to Questor.

https://www.telegraph.co.uk/investing/shares/us-debt-woes-could-trigger-a-return-to-favour-for-fund/
Women aren’t ‘forgetting’ to have children – it’s just become financially crippling to do so

Telegraph

23-05-16 07:00


The falling birth rate in the UK is concerning politicians and far-right groups, which could have serious long-term economic implications. Miriam Cates MP said at a conference last week that the falling birth rate posed a bigger threat to the West than Russia, China or climate change. However, the decline in fertility rates is due to a plethora of factors including the high costs of childcare, an inability to afford a home, and a shortage of men who want to parent. Countries like Norway and Sweden, which offer better childcare and have fewer gender disparities, have not experienced the same decline in birth rates.

https://www.telegraph.co.uk/columnists/2023/05/16/the-real-reason-we-arent-having-babies-anymore/
Football rumours: Arsenal preparing £90million swoop for West Ham’s Declan Rice

The Independent

23-05-16 06:15


Arsenal are reportedly set to open talks with West Ham over a £90m deal for captain Declan Rice. The 24-year-old midfielder is said to be Arsenal's priority transfer target, with the Gunners believed to be ready to break their transfer record. Meanwhile, Winston Reid is reportedly set to leave West Ham and join Brentford, with the New Zealand defender likely to complete a permanent move after a successful loan spell at the Championship club during the second half of last season.

https://www.independent.co.uk/sport/football/daily-mail-arsenal-ruben-neves-declan-rice-west-ham-b2339572.html
US debt woes could trigger a return to favour for fund manager specialising in emerging markets

Telegraph

23-05-16 06:00


Emerging markets-focused asset manager Ashmore is being tipped to return to favour, with a share price currently languishing at 234.4p, compared to 2020's peak of 570p and a peak of investments under management of $94.4bn in June 2021. Factors that dragged Ashmore's shares down include: a trend towards growth and technology rather than emerging markets; economic uncertainty and the Ukrainian conflict damping sentiment; and Ashmore's own investments performing below customers' expectations. However, a return to favour for emerging markets, plus scarcity in the debt market, could be a catalyst for Ashmore and the areas in which it invests, according to Questor.

https://www.telegraph.co.uk/investing/shares/us-debt-woes-could-trigger-a-return-to-favour-for-fund/
‘China-friendly’ Hungary hails Beijing’s peace efforts in Ukraine

South China Morning Post

23-05-16 13:00


China has called on the European Union and its members to avoid "bloc confrontations" while the Hungary's foreign affairs minister professed his support for China's peace plan in Ukraine, during an official visit to China this week. Beijing is willing to "jointly safeguard genuine multilateralism" and "push forward the process of democratisation of international relations" with Europe, said China's top diplomat Wang Yi. Hungary has shown the strongest pro-China stance of any EU member while Brussels is divided over relations with China.

https://www.scmp.com/news/china/diplomacy/article/3220752/china-friendly-hungary-hails-beijings-peace-efforts-ukraine-during-meeting-between-top-diplomats
Italy and EU allies "have the numbers" to block Euro 7 emission rules, Salvini says

Reuters

23-05-16 11:58


Italy's transport minister, Matteo Salvini, has stated that Italy and its allies in the European Union have the power to block the Euro 7 regulation, which tightens vehicle emission limits for pollutants such as nitrogen oxides and carbon monoxide from 2025. Salvini mentioned France, the Czech Republic, Romania, Portugal, Slovakia, Bulgaria, Poland, and Hungary as countries with the numbers to block the regulation.

https://www.reuters.com/business/autos-transportation/italy-eu-allies-have-numbers-block-euro-7-emission-rules-salvini-says-2023-05-16/
Russian lawmakers vote to scrap Cold War armed forces deal

The Toronto Star

23-05-16 11:58


Russian lawmakers have unanimously voted to leave the Treaty of Conventional Armed Forces in Europe, an arms control pact, signed in 1990, which aims to prevent rivals from massing troops at or near mutual borders. The deal was not fully ratified until two years later, and in early 2015, Russia first declared its intention to withdraw. Last week, President Vladimir Putin introduced a draft bill to "denounce" the treaty which is contrary to Russia’s security interests. Since last February, hundreds of thousands of Russian troops have poured into Ukraine, a country that shares a border with NATO members Poland, Slovakia, Romania and Hungary.

https://www.thestar.com/news/world/europe/2023/05/16/russian-lawmakers-vote-to-scrap-cold-war-armed-forces-deal.html
Elon Musk claims George Soros ‘hates humanity.’ The ADL says Musk’s attacks ‘will embolden extremists’

CNN

23-05-16 16:34


Tesla CEO, Elon Musk, has come under fire for baseless comments on Twitter that accused philanthropist George Soros of hating humanity and eroding the fabric of civilisation. Soros, a Holocaust survivor, is frequently targeted by conspiracy theorists and antisemites. Musk's remarks have been criticised by the Anti-Defamation League and others for potentially fueling further attacks on Soros. Recent data suggests that the volume of hate speech on Twitter has grown significantly under Musk's ownership of the social media network. Soros disclosed, shortly before Musk’s attack, that he had disposed of a modest stake in Tesla. Both men had been targets of short sellers.

https://edition.cnn.com/2023/05/16/business/elon-musk-george-soros/index.html
Musk accused of fuelling anti-semitism after claiming Soros ‘hates humanity’

Telegraph

23-05-16 21:23


Tesla CEO Elon Musk has been accused of sparking anti-Semitic sentiment after likening George Soros to the Jewish X-Men villain Magneto and alleging that the billionaire philanthropist "hates humanity". His comments attracted criticism, including from the Anti-Defamation League (ADL), which said Soros was often "held up by the far-right, using anti-Semitic tropes, as the source of the world’s problems”. Documents filed last week revealed that Soros Fund Management had sold its entire $16m allocation of Tesla shares in Q1 2023.

https://www.telegraph.co.uk/business/2023/05/16/musk-accused-of-fuelling-anti-semitism-george-soros/
Switzerland shuts out Kazakhstan 5-0, Denmark beats Austria 6-2 at ice hockey worlds

The Toronto Star

23-05-16 20:04


Switzerland secured their third consecutive victory at the Ice Hockey World Championship, beating Kazakhstan 5-0. Fabrice Herzog and Damien Riat each scored a goal and an assist in the game. Kazakhstan came closest to scoring in the second period, with Artur Gatiyatov hitting the post. Switzerland is yet to concede a goal and leads Group B with nine points. In other matches, Thomas Berg-Paulsen scored a solitary goal to help Norway secure their first victory by beating Slovenia 1-0. Denmark beat Austria 6-2 and Hungary secured a 3-2 victory over France.

https://www.thestar.com/sports/hockey/2023/05/16/switzerland-shuts-out-kazakhstan-5-0-denmark-beats-austria-6-2-at-ice-hockey-worlds.html
Hungary blocks next tranche of EU off-budget military support for Ukraine

Reuters

23-05-16 19:10


Hungary has blocked the next tranche of military support for Ukraine under the EU's European Peace Facility, stating that the off-budget instrument was being used solely in regard to Ukraine, rather than being channelled towards other areas including the Balkans and North Africa to promote EU interests. Hungary, a NATO member, has previously refused to provide Ukraine with military equipment, and has also criticised EU sanctions against Russia. The EU has provided €3.6bn ($4.1bn) in military support to Ukraine so far under the EPF.

https://www.reuters.com/world/europe/hungary-blocks-next-tranche-eu-off-budget-military-support-ukraine-2023-05-16/
European nations zoom in on establishing system to pinpoint how much damage Russia caused in Ukraine

The Toronto Star

23-05-17 08:51


The Council of Europe has created a register of damages caused by the Russian invasion of Ukraine as part of efforts to force Moscow to compensate victims after the conflict. Housed in The Hague, the register will allow victims to report harm suffered in the conflict. The record is "intended to constitute the first component of a future international compensation mechanism", according to a council document. Among the attendees was Ursula von der Leyen, European Union Commission President who said it was an "enormously important judicial element to have this register of damages".

https://www.thestar.com/news/world/europe/2023/05/17/european-nations-zoom-in-on-establishing-system-to-pinpoint-how-much-damage-russia-caused-in-ukraine.html
Live Markets Vauxhall owner threatens to close factory unless UK renegotiates Brexit deal - latest updates

Telegraph

23-05-17 07:10


Stellantis, a major car manufacturer with brands including Vauxhall, Peugeot and Citroen, has warned it may close British factories unless the UK government renegotiates its Brexit agreement with the European Union. The carmaker has committed to making electric vehicles in the UK, but says it is impossible to source enough components locally to meet new rules requiring 45% of component value to originate from the UK or EU. The regulations are required to avoid a ten percent export tariff on EVs. The company warned manufacturing would become “unsustainable” if it could not secure competitive prices, potentially resulting in factory closures.

Experts have suggested that it would be challenging to find businesses that could meet the 45% local component requirements. The production of a battery alone typically represents 40% of an EV’s value. Sir Keir Starmer, leader of the opposition Labour Party, has described the threat as an “existential crisis” for the UK car industry, warning of “800,000 jobs” at risk. The head of the Society of Motor Manufacturers and Traders, Mike Hawes, has called for greater investment in battery production in the UK.

Other companies, including Nissan, have expressed concerns regarding local content regulations. Last year, Nissan and Tesla both warned of the increased costs they may face as a result of rules that will require them to relocate factories or double down on supply chain and procurement strategies to avoid punitive export tariffs.

Greenpeace has said that the UK relies too heavily on lithium battery manufacturing and argued that the move away from the low-carbon market would result in greater global reliance on a small handful of multimillion-dollar mining companies, “where the human and environmental costs are generally high”.


https://www.telegraph.co.uk/business/2023/05/17/ftse-100-markets-live-news-unemployment-rise-inflation/
Tories won’t win as party of ‘the self-satisfied and entitled’, says Lord Frost

The Independent

23-05-17 11:25


Former Brexit minister David Frost has warned the Conservative Party that it cannot win elections as “the party of the self-satisfied and entitled”. Speaking at the National Conservatism conference in London, Frost criticised the government for its policies on housing, taxation and energy. He also attacked the politicisation of everyday life and the “dangerous and counter-productive intrusion into private property” contained in new rent laws proposed by the UK’s housing secretary. Frost has recently been critical of government policy, and renewed his call for tax cuts and deregulation in his latest speech.

https://www.independent.co.uk/news/uk/david-frost-conservatives-pensioners-tories-michael-gove-b2340547.html