logo
Orbán urges public to beware of scams linked to Ukraine

Orbán urges public to beware of scams linked to Ukraine

Budapest Times6 days ago

Prime Minister Viktor Orbán has urged the public to beware of 'a noticeable rise' in banking scams and hacking, including cyber fraud linked to Ukraine.
In a video posted on Facebook on Tuesday, PM Orbán said his cabinet was busy preparing for tomorrow's meeting which will cover economic issues such as the mandatory cap on markups, the Demjan Sandor scheme for scaling up local SMEs as well as 'a very harmful phenomenon'.
PM Orbán warned of a recent 'noticeable rise' in banking scams and hacking cases, 'particularly Ukrainian-linked cyber fraud'.
'One wrong click and there go the family's savings,' the prime minister said, noting that scammers defraud Hungarian families of 8 billion forints (EUR 19.8m) each year.
He said the authorities had recently shut down a 19-member network linked to Ukrainian organised crime, adding he believed that investigators will have to step up such operations.
The cabinet on Wednesday will decide on new ways to combat banking scams linked to Ukrainian crime rings, PM Orbán said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hankó: Brussels wants to erase our Judeo-Christian culture
Hankó: Brussels wants to erase our Judeo-Christian culture

Budapest Times

time18 hours ago

  • Budapest Times

Hankó: Brussels wants to erase our Judeo-Christian culture

Balázs Hankó, the minister for culture and innovation, said Brussels 'wants to erase Europe's roots, our Judeo-Christian culture'. In a speech at the CPAC Hungary 2025 conference in Budapest on Friday, the minister said Hungarian culture provides a national identity that transcends borders, and higher and vocational education guarantee knowledge, work and 'a mission in service of our communities'. He added that science and innovation were 'what determines our sovereignty', and families were the future. 'It is these cornerstones of our Christian national identity that Brussels is attacking and wants to distort,' Minister Hankó said, adding that Brussels wanted to 'make the discriminatory world of abnormality dominant over normality and order'. Minister Hankó said this was the explanation for Brussels's exclusion of university students and researchers who pushed back against its influence from international cooperation programs, and this was why Hungary was being punished for banning 'gender propaganda' from schools. Minister Hankó said those who were fighting for their nation and justice would never waver, adding that 'this is how we patriots are.'

Orbán: rebellion, rebellion, rebellion. Reform will not help
Orbán: rebellion, rebellion, rebellion. Reform will not help

Budapest Times

time18 hours ago

  • Budapest Times

Orbán: rebellion, rebellion, rebellion. Reform will not help

On migration, PM Orbán offered a stark assessment. 'Migration is a concept of changing society as such,' he said, describing it not as a temporary policy failure but as a strategic project by left-wing European elites to reshape electorates. 'It's a kind of replacement of the original native-born voters with somebody else. They will never vote for the right. So, it's over.' He argued that through mass migration, the left is securing its long-term political dominance by altering the demographic foundations of European democracies. Hungary stands in sharp contrast to this trend. 'We don't have migrants. Not illegal, no migration at all. We stopped it,' the prime minister said, emphasizing that Hungary remains the only country in the EU with zero illegal migration. He warned that the issue is no longer about percentages at the national level, but about irreversible concentrations in cities. 'On the continent, the game is over,' he added, pointing to data from Western Europe showing that in many cities, the majority of schoolchildren now come from migrant backgrounds. Turning to the war in Ukraine, PM Orbán offered a critical analysis of Western policy. 'There is no solution on the battlefield,' he said, insisting that the war cannot be won militarily and that peace must be the objective. 'The only way to peace is to have a deal between the Russians and the Americans,' he said, expressing concern that the European Union has lost its ability to act as a serious geopolitical player. He expressed frustration with Brussels' response to Hungary's positions, particularly in the context of migration and foreign policy. On these issues, PM Orbán said the EU imposes centralized policies that ignore national interests and realities. 'Rebellion, rebellion, rebellion. Reform will not help,' he declared, describing Hungary's defiance as necessary for protecting its sovereignty. That defiance carries a price. 'I have to pay every day one million euro as a fine,' he noted, referring to penalties imposed by the EU for Hungary's refusal to accept migrant quotas. Nonetheless, he made clear that Hungary will continue to prioritize its national interest. On demographics, the prime minister rejected migration as a solution to Europe's population decline. 'We must have another [answer]. That's what we call the family policy here in Hungary,' he said, outlining government measures like lifelong tax exemptions for mothers of two or more children. He acknowledged that such efforts take time but stressed their importance. 'For a good family policy, you need one or two decades. And I'm just pushing, I'm pushing, I'm pushing.' Throughout the conversation, Prime Minister Orbán articulated a vision for Hungary anchored in sovereignty, cultural continuity, and peace through diplomacy. His message was firm: Hungary will not follow a path that compromises its identity, and it will resist external pressures that seek to remake the country according to foreign priorities.

Moody's affirms Hungary's investment-grade sovereign rating
Moody's affirms Hungary's investment-grade sovereign rating

Budapest Times

time20 hours ago

  • Budapest Times

Moody's affirms Hungary's investment-grade sovereign rating

Moody's Ratings affirmed Hungary's investment-grade sovereign rating at a scheduled review on Friday. The National Economy Ministry said in a statement that all three big credit rating agencies put Hungary in the investment-grade category, thanks to the stable foundations of the country's economy. Employment remains high, real wages are increasing dynamically, and domestic tourism should have another record year in 2025. International confidence is regularly confirmed by bond issues. Most recently, the Hungarian Development Bank's (MFB) EUR 1bn bond issue, with a 4.375pc coupon, drew significant international interest. The government is using Hungary's resources to support families and domestic SMEs, and is working to achieve the highest possible economic growth and to improve the credit rating outlook from the current negative to stable. It is implementing Europe's largest tax reduction programme and has introduced markup caps on food and non-food products, which is expected to further increase household consumption, the ministry said. In order to achieve sustainable GDP growth, the government aims to boost investments through expanding a scheme announced earlier to set up 100 new factories to 150 manufacturing bases and providing special support to domestic SMEs. The Demjan Sandor Programme aims to scale up SMEs with HUF 1,400bn in funding, including grants, preferential loans, a HUF 100bn capital scheme and HUF 130bn support for technology upgrades, the ministry said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store