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Today, record-breaking heat is being experienced, but the Danube water level has improved, exceeding Sunday’s low point by nearly 10 centimeters, and one block of the Paks Nuclear Power Plant is operational. A positive development is that Hungary will receive the guaranteed Danube water volume guaranteed in international agreements, while Slovakia is prepared to release some additional water. Many organizations across the country are continuing to conserve energy and water due to the heat. We can continue to follow the developments.
makro-gazdasagpolitikaHungarian Prime Minister Peter Magyar held a joint press conference with Bavarian State Premier Dr. Markus Söder, with the focus on revitalizing relations between the two regions. The press conference is expected to cover issues of economic cooperation, as well as domestic and foreign political topics.
makro-gazdasagpolitikaOn Tuesday, the parliament approved the law concerning the National Property Recovery and Protection Office (NVVH), and the law was also published in the Magyar Közlöny (Hungarian Gazette) that evening. This means that the new authority will soon be established, which will have significant powers.
makro-gazdasagpolitikaEmomalii Rahmon, the Tajik president, warned during Monday’s government meeting that the country needs to reduce its dependence on imported goods due to the global uncertainty. He also urged families to stockpile food for at least two years.
makro-gazdasagpolitikaEmployees of OpenAI and Anthropic are working on a petition that requests the U.S. government to support regulatory mechanisms aimed at potentially slowing down the development of artificial intelligence. The initiative was recently made public after OpenAI admitted that one of its systems had accidentally accessed another company’s internal network, as reported by Bloomberg.
makro-gazdasagpolitikaDue to the extremely low water levels on the Danube and the heat, the third block of the Paks nuclear power plant will be operating at reduced capacity on Tuesday evening, following similar measures taken at the first block on Monday. According to the Minister of Energy, this is a responsible decision that ensures safety. The newly appointed CEO of Paks II has announced a comprehensive review of the project, as reported by HVG.
makro-gazdasagpolitikaApproximately 15 cruise ships are stranded on the Hungarian section of the Danube River, along with many cargo ships, due to the low water level, the Ministry of Transport and Investment announced to MTI on Tuesday.
makro-gazdasagpolitikaThis year, the 18 research institutes, which were separated in 2019 under the auspices of the Hungarian Academy of Sciences (MTA), will continue to operate again. The plans for the new structure were presented at a forum organized by the Ministry of Science and Technology (TTM), aiming for greater transparency in management. The legislation is expected to be put to public debate in September.
makro-gazdasagpolitikaThe Parliament’s decision enabled the use of 8.69 billion forints in EU funds, which will be allocated to various energy projects in Hungary, such as grid development, wind farm construction, smart meter implementation, and building energy upgrades. The government’s goal is to create a diversified energy mix, which will reduce dependence on imports and make energy prices more predictable for households and businesses.
makro-gazdasagpolitikaIn the first half of the day, the forint struggled in the forex market, but in the afternoon, buyers suddenly stepped in. This was not surprising, as the dollar also began to weaken at the same time.
makro-gazdasagpolitikaThe parliament is facing a previously neglected proposal regarding the rescheduling of funding for the “Competitive Districts Program.” If approved, Budapest and Győr can expect moderate costs, with Budapest not incurring any costs, while Győr would pay less for the program. The Ministry of Finance has indicated that negotiations will soon begin between local governments and the government to address the financial difficulties faced by municipalities.
makro-gazdasagpolitikaOn Tuesday afternoon, a 7.1 magnitude earthquake struck the Japanese island of Kyushu, in the Kumamoto prefecture, where a similar disaster occurred ten years ago. Initially, a tsunami warning was issued, but it was later withdrawn. The earthquake may also affect important semiconductor and electronics factories in the region, such as Sony and TSMC, which could have an impact on global supply chains. In addition, an explosion occurred in a shopping center, which could result in casualties.
makro-gazdasagpolitikaFriedrich Merz, the German Chancellor, advocated for a slimmer EU budget for the coming years, significantly lower than that proposed by the European Commission, during his meeting with Irish Prime Minister Micheál Martin in Dublin on Tuesday. He also rejected the idea of linking Montenegro’s accession to the EU with that of other countries.