The sense of prosperity is still affected by the war
According to the June 2022 survey of Századvég Konjunktúrakutató, the sense of prosperity of both the population and businesses has declined: on a scale between -100 and +100, the value of prosperity index decreased from -14.7 to -16.8 regarding households, while it decreased from -14.0 to -19.0 regarding businesses. The decline in the indicators is still caused by the uncertainty induced by the Russian-Ukrainian war and economic sanctions and by the higher volatility in the markets (foreign exchange, money, bond and commodity markets). The sense of prosperity is possible to improve when the war ends, the uncertainty in the energy markets is eliminated, and lower prices develop.
The latest proposal of the European Commission would institutionalise appropriation
The failed sanction policy has put Europe in a difficult situation, and the countries of our continent have to face an energy crisis in addition to wartime inflation. Brussels’ latest draft, which it intends to adopt at the extraordinary Energy Council to be held on 26 July, would further worsen the situation of EU citizens, and it would mean an open intervention in the lives of individuals and an unprecedented restriction on national sovereignty at the EU level. After imposing counterproductive sanctions, the European Commission would now go against its own primary sources of law, the founding treaties, which define subsidiarity as a basic principle and the order of EU legislation – these would be disregarded by Brussels.
Economic growth could be above 5% this year
Consumption growth will be a major growth driver in both years, helped this year by above-inflation wage growth and government transfers. A prolonged Russo-Ukrainian war and the possible further extension of sanctions associated with it, however, pose a significant risk to growth next year in particular. The persistence or possible worsening of energy market anomalies, a weak forint exchange rate (HUF/EUR) and high inflation also pose risks.
Two-thirds of the citizens of the capital would replace Gergely Karácsony
Less than one-third (31 percent) of the residents in Budapest would support Gergely Karácsony in a municipal election if it was held this Sunday, while 66 percent would like to see a new mayor leading the capital, according to a July survey conducted by Századvég. The survey wanted to find out what the citizens of the capital think of the work and achievements of the current mayor and the city administration of Budapest.
Brussels is engaged in report-based ideological warfare even in a war situation
We are living in an age of crises. We have controlled the spread of the coronavirus pandemic, but it is still present, and war has been raging on the eastern border of the European Union for more than four months. The citizens of the continent are facing an unprecedented raw material and energy crisis that requires pragmatic, prompt and firm decisions by politicians. However, regarding real problems, Brussels is still unwilling to give up the ideological warfare against conservative-led countries that reject the ideals of open societies. Judith Sargentini’s successor, Gwendoline Delbos-Corfield, who can hardly be accused of independent objectivity, has filed the most recent report, which includes old statements that can be factually refuted point-by-point and tries to present the past four years of our country through liberal lens...