On another subject, Hende voiced Hungary’s commitment to gradually increase its defence budget and spend 20% of that budget on improving military capabilities, in line with a decision made at NATO’s recent summit in Wales.
Hende added that parliament will pass relevant decisions concerning the developments, which are expected to “fundamentally renew” the capabilities of the Hungarian military.
At the Wales summit last week, Hungary agreed to upgrade its military air base at Pápa. The project will cost an estimated HUF 20 bln (€64 mln).
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
