It is not easy to take issue with Roger Scruton’s analysis: his arguments on the need of nations are supported by his vast knowledge of history, ideas, politics and ethics, and by his impressive experience gained in various parts of our world, including pre- and post-transition East Central Europe. His
Jonathan Knott, the British ambassador to Hungary recently quipped that London is the fifth biggest Hungarian town on the planet. Perhaps something of an exaggeration as things stand but probably not for too long. The Facebook group called Londonfalva (“London village”) had attracted a membership of over 22,000 by early 2013 –
It is now more than half a decade since first a local American turbulence and then a global one shook the world of international finance. Half a decade should have been enough time for all those involved – politicians, economists, bankers, analysts, entrepreneurs and consumers – to digest the events
Missed Changes and New Prospects The Hungarian economy has lately lost ground to its neighbours and economic rivals – a phenomenon I wrote about recently, when I looked at the very hard landing of the Hungarian national airline (Magyar Szemle, 2012, issues 5–6). So if we ever had the ambition
Given the acute challenges that Hungary is facing in the fifth year of the financial disturbances in Europe, one could argue that it is not topical to discuss the whys, ifs and hows of Hungary’s entry into the eurozone. The last time Hungary comfortably met even one entry condition of
Hungary’s Transition – Revised TRANSITION IS A COMPLEX PROCESS Society is a multilayered, flexible, and structured organism, closely connected with its global environment through bonds of interdependence. Defining the mechanisms of any society in simple yet meaningful terms is hence extremely difficult. Economic mechanisms on the other hand are assumed
Values and Dangers in the Hungarian Economy Whe investment bank analysts’ community and the Western political commentariat, writing about Hungary, have mostly focused on the twists and turns of the policy disputes/dialogues between the Hungarian authorities and the duo of the International Monetary Fund and the European Union as former
In this essay I attempt to draw a preliminary balance of recent non-orthodox economic policy practice in Europe and, in particular, in Hungary even if the essayist lacks historical perspective. It would be good to wait until data and hard facts are available but this is rarely the case in
The context Every third Hungarian family services a loan denominated in foreign currency, predominantly in Swiss francs (CHF), drawn either to buy a house or a car. The whole stock of foreign exchange (FX) household mortgage loans amounted approximately to CHF 22 billion, that is 18 per cent of Hungarian
U-Turn in taxing big firms Soon after the change of government in May 2010, the new Parliament voted for a “bank tax” – in fact, a surprisingly high levy on financial sector companies. A second package included a surtax on telecoms, energy and large retail firms (typically foreign owned), as
HUNGARIAN REVIEW is
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