The Hungarian government is hoping to lure several important European Union institutions and large Western organizations from London to Hungary due to the fallout from Brexit, claims Hungary Minister of National Economy Mihály Varga.
Varga told Magyar Idők that Hungary has already submitted an application to host the EU’s bank supervising authority, and intends to compete for the Union’s pharmaceutical authority as well.
“There are a number of EU bodies with headquarters currently in London, and these authorities will certainly relocate to other countries,” stated Varga, noting that it would increase Hungary’s role and influence within the EU if one or more of them found a new home in Budapest.
Buzzfeed is reporting that Hungarian Prime Minister Viktor Orbán will be in London next week to meet his counterpart in the UK, Theresa May, after the latter returns from a trip to India.
“Orbán’s visit will fuel accusations from a number of EU and European officials that Britain is building an alliance with Hungary’s right-wing leader in an attempt to divide and conquer the EU in Brexit negotiations.
He is viewed as a controversial ally for Britain because of his government’s stance on refugees, an alleged crackdown on freedom of speech, and tensions with other governments and the EU over the balance of powers between Europe’s institutions and its member states,” the site writes.
Buzzfeed also notes that Mr. Orbán was one of the few leaders to praise Prime Minister May at an EU Council Summit in Brussels last month.
In this week’s Hungarian Politics podcast, we have a look at the so-called Brexit vote, the United Kingdom’s referendum on leaving the European Union, and examine its possible effects on Hungary.
We have two excellent guests this week with extensive knowledge of the European Union and are able to break down this topic for us, although we spoke with both of them before Thursday’s historic vote.
Our first guest is Katalin Halmai, the Brussels correspondent for Hungarian daily Népszabadság. Halmai tells about the unusual advertisement taken out by the Hungarian government about the Brexit vote and what its purpose might have been, and also discusses some of the implications of the UK’s departure from the EU on Hungary.
We then speak with László Andor, who was EU Commissioner from Hungary between 2010-2014, and is now the head of the Department of Economic Policy at the Corvinus University of Budapest.
Prof. Andor gives us added insight into the likely repercussions of Britain exiting the European Union. We examine how this is likely to affect Hungarians living, working and studying in the UK, as well as the lasting economic impact on Hungary.