The MCC Budapest Summit is holding its second conference this year. In a two-day event that is unique in terms of its choice of topics, renowned domestic and foreign experts, including Minister of Economic Development Márton Nagy, will give their opinions on the economic consequences of the war. An international conference on this subject of similar volume has not yet been organized in Hungary.
On September 30 and October 1, the MCC Budapest Summit, a unique two-day international conference organized by the Mathias Corvinus Collegium (MCC), will discuss the issues that define our lives the most.
Europe is in a deepening energy crisis. The price of natural gas and electricity has also increased several times since the outbreak of the Russian-Ukrainian war in February, just as the increase in food prices has never been as dramatic in the European Union as it has been in recent months. To what extent is all this due to the war and the sanctions introduced as a consequence? What will be the effects of high energy prices and how long can food prices rise? Domestic and foreign authorities are looking for answers to these questions at the MCC event.
According to the estimates of the European Central Bank, the GDP of the Eurozone may decrease by up to 1 percent due to the military conflict. The two-day international conference to be held on September 30 and October 1 not only seeks answers to the reasons, but also outlines possible solutions.
Renowned domestic and international speakers will explain their thoughts on this in several panels. One of the discourses, for example, looks for the answer to what lessons can be learned from previous wars and which countries will be the biggest winners and losers of the sanctions? In another panel, the causes of the energy crisis and the possibilities of getting out of it will be discussed, while in a third, experts will deal with the possible consequences of the ever-growing food crisis. Finally, there will also be a discussion where the participants exchange ideas about the ever-higher inflation and the global economic growth that has been hit at the waist.
The opening lecture of the event will be given by the Minister of Economic Development, Márton Nagy, but the speakers of the two-day event will also include renowned experts, such as Christopher Davis, a research professor at the University of Oxford, who is a scientific expert on the economy of Russia and Eastern Europe. He has been researching the defense spending of the Soviet Union and Russia for decades, and has published more than 15 publications in this field. Since 1974, he has made more than 50 visits to the Soviet Union and Russia for scientific research purposes, spent one academic year as a postgraduate student at Moscow State University, and held two part-time senior research positions at Moscow universities in the field of health economics between 2013-2021.
Source: Magyar Hírlap
Image: Szilárd Koszticsák
