DiabloWags said:
Steve Bannon once called HUNGARY "an inspiration for the world"
MAGA conservatives like Bannon and Tucker Carlson love Viktor Orban.
Yet Hungary has gone from being one of the wealthiest Central European countries to the POOREST.
That is wrong, even by your own standards, Hungary is nowhere close to being the poorest , their GDP per capita is ahead of Poland's and way ahead of EE countries like Romania and Bulgaria.
https://en.wikipedia.org/wiki/List_of_sovereign_states_in_Europe_by_GDP_(nominal)_per_capitaEurope's Richest and Poorest Nations, By GDP Per Capita23
Czech Republic
$29,800
24
Portugal
$28,970
25
Lithuania
$28,410
26
Slovakia
$25,930
27
Latvia
$24,190
28
Greece
$23,970
29 Hungary$23,32030
Poland
$23,010
31
Croatia
$22,970
32
Romania
$19,530
33
Bulgaria
$16,940
34
Russia
$14,390
35
Trkiye
$12,760
36
Montenegro
$12,650
37
Serbia
$12,380
https://www.visualcapitalist.com/mapped-europes-gdp-per-capita-by-country/Hungary under Orban has been playing its economic cards right, becoming the low-cost energy manufacturer in the EU - They are actually climbing the EU economic ladder while the rest of Europe is deindustrializing.
As well, the main impediment to Hungary's economy is the EU, which is currently withholding over $25 billion of their funds. Yet Hungary is doing well despite that.
AI Overview:
"Hungary has seen a wave of new industrial plant investments, particularly in the automotive and battery industries, with significant expansion plans for both domestic and international companies. Key projects include the construction of a new BMW plant in Debrecen, the largest-ever greenfield investment in the country by CATL, a major battery manufacturer, and the establishment of BYD's first European plant in Szeged. These projects are expected to significantly boost the Hungarian economy and create thousands of new jobs.
Key New Plant Projects in Hungary:
- Rheinmetall:
A new "hybrid" plant in Szeged, designed to house both civil and defense-related activities, is scheduled to begin operations in August 2025. This plant is part of Rheinmetall's expansion efforts in Europe, aiming to boost production of electrical components and hydrogen-related technologies for mobility and energy.
- BMW:
A new plant in Debrecen is currently ramping up production and is expected to produce both conventionally and electrically powered vehicles on the same line. This facility is part of BMW's global expansion strategy, aiming to strengthen its European presence.
- CATL:
A massive new battery plant in Debrecen, with a planned annual capacity of 100 GWh, is expected to be the largest greenfield investment in Hungary's history. This plant will produce battery cells for the EV market.
- BYD:
BYD is building its first European plant in Szeged, with the factory expected to produce about 200,000 vehicles a year from late 2025.
- SENNEBOGEN:
A new steel plant in Litr is part of SENNEBOGEN's growth strategy, expanding its production capacity for steel assemblies and welded constructions.
- Hydro:
An aluminum recycling plant in Szekesfehervar is designed to serve the automotive market and produce advanced alloys for premium car components.
- ANDRITZ:
A state-of-the-art biomass power plant for Hungrana, Hungary's leading sugar producer, has been successfully completed.
- Schneider Electric:
A new smart factory in Dunavecse is focused on producing smart medium and low-voltage SF6 free technologies for the European market.
- Paks II Nuclear Power Plant:
Hungary is also pursuing a new nuclear power plant project, with construction of the Paks II plant scheduled for 2025.
Quote:
And it's been voted the Most Corrupt Country in Europe 3 years in a row.
Even the Index of Economic Freedom which is published by the Heritage Foundation, the MAGA-affiliated think tank that produced Project 2025 puts Hungary at the bottom of the EU in its rankings of government integrity.
IS AMERICA'S FUTURE HUNGARY?
Orbn's Hungary Could Be America's Future - The Atlantic
Hungary is way ahead of neighbors like Romania or Germany in terms of not banning opposition parties.
