The Budapest Energy and Security Talks is a leading conference in Hungary, aiming to provide a platform for key  political, foreign policy and economic leaders to engage and re-engage in an in-depth, strategic dialogue on the Central-Eastern European  region’s most important security and energy challenges.

Participants will include more than 200 top political and economic decision-makers, opinion-formers, and foreign and security policy experts from the European Union, the United States, and Central and Eastern Europe.


SIDE EVENT: BAISS

Budapest AI & Security Symposium

Business tickets only
The Budapest AI & Security Symposium, BAISS, is an annual symposium launched in 2023 to create a platform of discussion and exchange of the mos recent and most strategic developments in AI, with the participation of leading cybersecurity and AI experts, business leaders and government decision-makers. With the 2024 BAISS organized at the National Public University, Ludovika, and the 2025 event held in cooperation with the ESSCA School of Management in Budapest, the 2026, 4th edition of the BAISS symposium is organized in cooperation with and as a side event of the BeSTalks conference of Equilibrium Institute with NATO as its strategic partner.

Learn more about the BAISS program.

PRELIMINARY AGENDA

13 July 2026
18:00 - 18:15

ARRIVAL AND REGISTRATION FOR SPEAKERS WELCOME DINNER - CLOSED DOORS ON INVITATION-ONLY

18:15 - 18:25

Welcome Remarks

Tamás Boros,* Executive Director, Equilibrium Institute, Budapest
Amb. Réka Szemerkényi,* Director of International Affairs, Equilibrium Institute, Budapest

18:30 - 19:30

Opening Commemorative Keynote Discussion Honoring the 70th Anniversary of the 1956 Hungarian Revolution and Freedom Fight

Power, or the Power of Values, to Shape the World?

Introduction:
Fredo Arias-King,* President of the Board of Directors, CASLA Institute, Prague

Keynote Speech:
Lech Wałęsa,* Former President of Poland

Distinguished Discussants:
Géza Jeszenszky,* Former Minister of Foreign Affairs of Hungary
János Martonyi,* Former Minister of Foreign Affairs of Hungary

Lead Moderator: Jill Dougherty,* Distinguished Fellow, Woodrow Wilson Center, CNN On-air Contributor on Russia Issues,  former CNN Moscow Bureau Chief

19:30 - 21:00

Dinner Followed by Networking

14 July 2026
07:30 - 08:00

Registration

08:00 - 08:30

Opening Panel: "Strategies and Priorities of Hungary’s New Government"

Introductory Remarks:

Tamás Boros, Executive Director and Co-Founder, Equilibrium Institute

Speakers:

Dr. Romulusz Ruszin-Szendi, Minister of Defense of Hungary, Budapest
Zoltán Tanács, Minister of Science and Technology of Hungary

Lead Moderator:

Jill Dougherty, Expert, CNN On-Air contributor on Russia Issues, Distinguished Fellow, The Woodrow Wilson International Center
08:35 - 09:45

PANEL 1 - Opening Keynote Speeches: The Ankara Summit – The Alliance under Multiple Pressures and the Way Ahead for a Renewed Transatlantic Cooperation

Türkiye hosts a NATO Summit for the second time, following the 2004 Istanbul Summit. Back in 2004, the Alliance admitted seven new members. Has this year’s Summit continued to make NATO „a stronger, fairer and more lethal Alliance, ready to respond to the critical challenges to our security,” as NATO Secretary General Mark Rutte said announcing the Summit? How have the 32 NATO member states lived up to the commitment of the Hague Summit in 2025, to raise their defense spending to 5% of GDP by 2035 and to boost their defense industries? How is the US administration’s new approach toward the allies playing out, and what are the consequences of the American administration’s 2025 National Defense Security document for the Alliance? What is  the Alliance’s thinking regarding the situation in Ukraine, regarding Russia’s ongoing hybrid warfare against Europe, the impact of the US and Israeli military actions in Iran, as well as Iranian response to these, and to China advancing a Sino-centric world? Do these tensions add up to a “prefect storm,” leading towards a World War Three, and what is the Alliance thinking about taming, and ultimately quenching, the potential global storm?

KEYNOTE SPEAKERS:

Javier Colomina, Assistant Secretary General for Political Affairs and Security Policy, NATO
Levent Gümrükçü, Deputy Foreign Minister, Ministry of Foreign Affairs of the Republic of Türkiye
Krisztián Mészáros, State Secretary for Multilateral Affairs, Ministry of Foreign Affairs of Hungary

Lead Moderator:

Jill Dougherty, Expert, CNN On-Air contributor on Russia Issues, Distinguished Fellow, The Woodrow Wilson International Center
09:50 - 11:05

PANEL 2 - Europe under Double Strategic Pressure – From Russia’s Attacks to Europe’s Critical Infrastructure to the Impact of the 5%: A New Europe, a Washington-aligned Europe, a Europe with Allies-Other-than-the-US, or the End of the Union?

In Cooperation with Wilfried Martens Centre

With a sudden twist in its history, Europe finds itself under double strategic pressures, one from the East (Russia), and one from the West (the USA). While the US is into a quick win trying to get rid of the burden of the Allies, Russia is playing the long game in working on exhausting the European strategic will. There are many signs of an unconventional war going on in European territory: While challenging Critical National Infrastructure (CNI) is an integral part of Russian military doctrine, Europe's vulnerability to this — driven by a lack of strategy and investment — is deeply concerning. What needs to be done for Europe to be able to emerge as a new international actor? Is the 5% defense spending leading Europe to become a strategic player with a defense identity in its own right or is it more a promise to appease Washington while hoping to contain Russia? Do these multiple pressures help Europe to prepare to defend itself in a next war against the continent, or do they weaken Europe to the extreme of abandoning the European construction? Will the double pressures be contributing to turning Europe into a strategic actor, capable of cooperating with partner mid-size powers, or will they be ultimately resulting in the end of Europe as we know it?

VIDEO MESSAGE:

Anita Orbán, Minister of Foreign Affairs and Deputy Prime Minister of Hungary

KEYNOTE:

Klára Breuer, State Secretary for Bilateral Relations, Ministry of Foreign Affairs of Hungary
Marcin Bosacki, State Secretary, Ministry of Foreign Affairs of Poland
Sebastian Hartmann, Parliamentary State Secretary at the Ministry of Defence of Germany

Speakers:

Daniel Fried, Weiser Family Distinguished Fellow, Atlantic Council; Former US Ambassador to Poland
Tomi Huhtanen, Executive Director, Wilfried Martens Centre for European Studies
Nico Lange, Founder and Director, Institute for Risk analysis and International Security, IRIS
Philip Reeker, Former Assistant Secretary of State for Europe; Distinguished Fellow for Europe and Transatlantic Relations, Wilson Center; Senior Advisor with DGA-Albright Stonebridge Group

Moderator:

Réka Szemerkényi, Director of International Affairs, Equilibrium Institute; Former Ambassador of Hungary to the United States
11:05 - 11:30

Coffee break

11:30 - 12:40

PANEL 3 - Energy Policy Under Double Strategic Pressure: Securing the Future by Increasing Energy Security and Responding to Climate Urgency

Initially a response to global warming, the energy transition has also become a key tool for reducing fossil fuel dependence following Russia’s 2022 invasion of Ukraine. However, the energy trilemma — balancing reliability, affordability, and sustainability — is now under intense pressure from the Ukraine war, China’s rare-earth monopoly, and the impact of Iranian instability on global markets. In addition, climate change acts as a strategic “threat multiplier” turning environmental targets into urgent security imperatives. As Europe de-risks from Russian hydrocarbons, navigates Chinese monopolies in critical minerals, and redefines its complex energy partnership with a shifting United States, the green transition is no longer just a policy goal, but a survival strategy for strategic autonomy. How can Europe turn the necessity of a low-carbon transition into a shield against geopolitical volatility? Can Europe achieve climate neutrality without creating new, lethal dependencies on authoritarian regimes for the raw materials of the future, at a time of major global upheaval in the energy sector?

KEYNOTE:

András Tótth, State Secretary for Energy, Ministry of Economy and Energy of Hungary
Marko Primorac, Vice President of the European Investment Bank, EIB

Speakers:

Paul Domjan, Founder, Chief Policy & Global Affairs Officer, ENODA
Zsolt Jamniczky, Deputy CEO, E.ON Hungária Zrt.
Adam Sikorski, PhD, President of the Management Board, UNIMOT S.A.

Lead Moderator:

Jill Dougherty, Expert, CNN On-Air contributor on Russia Issues, Distinguished Fellow, The Woodrow Wilson International Center
12:45 - 13:00

Keynote Speech

Speaker

Tibor Kapu, Research Astronaut, Director of the Hungarian Astronaut Program (HUNOR)
13:00 - 13:40

Lunch

13:40 - 13:45

In Memoriam Vladimir Socor, Romanian-American political analyst of Eastern Europe and the former Soviet Union, Jamestown Foundation, Washington DC

13:45 - 14:45

PANEL 4 - Nuclear Energy: New Roles, New Potential, New Reality of Energy Needs - Regulatory Challenges and Industry Innovation

In an era of vulnerability from supply chain disruptions, price volatility and political leverage, the role of nuclear energy is becoming strategic in multiple ways. Our panel intends to cover the most strategic aspects of nuclear energy policy: the role and responsibility of the IAEA, as well as of independent national authorities in shaping and ensuring nuclear energy, the potential and the challenges of small modular reactors, as well as the impact and the risks of artificial intelligence in the nuclear sector. How can a regulatory authority  ensure a high level of confidence for the  new SMR technologies and how can effective regulatory oversight of SMR-related activities be maintained throughout the entire lifecycle? While AI undoubtedly brings a wealth of potential for incerasing efficiency, can, and if so how can, AI be trusted in such a sensitive technology? What can innovation and industry offer to the complexity of challenges and the reality of energy needs? 

KEYNOTE:

Andrea Beatrix Kádár, President, Hungarian Atomic Energy Authority

Speakers:

Ana Birchall, Former Deputy Prime Minister of Romania, Former Minister of Justice
Attila Bareith, Director, NUBIKI Nuclear Safety Research Institute
Karine Herviou, Deputy Director General, Head of the Department of Nuclear Safety and Security, IAEA
Robert Rudich, Vice-President of the Management Board, Chief Business Development Officer, SGE

Moderator:

Attila Aszódi, Professor at the Institute of Nuclear Techniques of Budapest University of Technology and Economics, Hungary (BME)
14:45 - 15:15

BREAK-UP FOR PARALLEL ROUNDTABLE SESSIONS

14:50 - 15:10

During the break: Fireside Chat: Turning Regional Cooperation into Strategic Impact

Speakers:

Andrew A. Michta, Professor of Strategic Studies, Hamilton School at the University of Florida
Beata Daszyńska-Muzyczka, President and CEO, Three Seas Business Council
Paweł Nierada, Founding Partner, Three Seas Business Council; Senior Financial Executive & International Banking Leader

Moderator:

Balázs Tárnok, PhD, Jurist and Minority Rights Expert; Director of Research, John Lukacs Institute
15:15 - 16:15

PARALLEL ROUNDTABLES „A”

A#1 HIGHLIGHT DISCUSSION: Central Europe Under Multiple Pressures: The Strategic Shift from Visegrad to the Three Seas Initiative, 3SI?

The Central and Eastern European region has developed since 1990 a multiplicity of frameworks for cooperation, with a varied level of success. The Visegrad cooperation became probably the longest lasting from among these, but remained largely a platform for political exchange and never managed to move into the “real world” of implementing tangible projects of strategic importance for its member states. Perhaps this is why the Three Seas Initiative sticks out as a regional framework based on a wholly novel approach: that of creating a fund on sound business grounds to be able to implement real projects of strategic value for the CEE region. Since 3SI’s launch, Poland was invited as an observer to the G-20 club as a trillion-dollar economy, at the end of 2025. With Russia’s war against Ukraine, key strategic questions are to be answered: Is the 3SI capable of embodying a regional goal? Is this initiative enabling the participant countries to take the initiative serving their strategic interests? How can the Three Seas Initiative contribute to this? How does this framework compare with the B9 framework, and should either expand towards the Nordic countries? Can this framework contribute to turning the periphery of Europe into an impactful region for Europe and the Euro-Atlantic community?

KEYNOTE:

Beata Daszyńska-Muzyczka, President and CEO, Three Seas Business Council

Discussants:

James Jay Carafano, Senior Counselor to the President and E.W. Richardson Fellow, Heritage Foundation
Marek Matraszek, Chairman, CEC Group
Zsolt Németh, Vice Chair, Foreign Affairs Committee, Member of Parliament
András Radnóti, Managing Partner, Millennium Strategy
Amb. Miroslav Wlachovsky, Diplomat, Expert on Foreign Policy, Globsec; Former Minister of Foreign and European Affairs of Slovakia

Moderator:

Pavlína Janebová, Research Director, Prague-based Association for International Affairs (AMO)

A#2 Battery Manufacturing and European Energy Security - The Pressures of the Increasing Electrification, Supply Chain Security and Europe’s Competitiveness

In Cooperation with EIES, European Initiative for Energy Security

Batteries are becoming the backbone of Europe's energy security. They stabilise grids built around variable renewables, keep industry and data centres running when supply is disrupted, and power defence systems from drones to military microgrids. Yet Europe deploys batteries far faster than it can build them. Most of the materials, components, and equipment behind them come from abroad, and the software that controls them carries risks of its own. Closing that gap requires a European industrial base able to manufacture batteries and their components at scale, under competitive and secure conditions. Drawing on EIES' report 'Jumpstarting Europe's Battery Industry', this session will examine how Europe can build that base, and how battery investment can be turned into durable jobs, skills, and industrial capability. 

Discussants:

Mike Blakeney, Head of Government and Public Affairs, Cobalt Institute
Giovanni Cisco, Associate, European Initiative for Energy Security
Andrea Di Masi, External Affairs, Novandino Litio
Paul Domjan, Founder, Chief Policy & Global Affairs Officer, ENODA
Marek Niedużak, Poland Director, European Initiative for Energy Security
Mónika Zsigri, Head of Unit, Energy Security and Safety Unit, DG Energy, European Commission

Moderator:

Albéric Mongrenier, Executive Director, European Initiative for Energy Security

A#3 The Strategic Impact of Northern Security: New Members’ Benefits and Unexpected Concerns

The joining of Finland and Sweden, two Nordic countries to NATO, representing a sudden and total rupture from their long held strategies of neutrality, have been among the most seminal developments in recent Alliance history. What are the most important lessons learnt after the first years of membership? What is the Nordic reading of strategic developments of Russia’s war against Ukraine, as well as in the global arena, and what are the threat scenarios they are working with? What is their analysis of the security situation regarding Russia’s hybrid warfare in Europe and what steps do they see to be most important for Alliance security? Is the Arctic Sentry, with sea lanes opening up, enough to secure Greenland, and/or to accommodate the American administration’s concerns regarding the security of Greenland? What is the security benefit of the new Allies for Alliance members?

Discussants:

Andrew A. Michta, Professor of Strategic Studies, Hamilton School at the University of Florida
Krisztián Jójárt, Postdoctoral researcher, Department of War Studies, Swedish Defence University; Co-Chair, Russia Research Group
Aaron Korewa, Director, Atlantic Council’s Warsaw Office
Jay Truesdale, Chief Executive Officer, TDI

Moderator:

István Szent-Iványi, President, ConnectEurope NGO; Member of Presidency, Hungarian Atlantic Council; Senior Fellow, Department of International Relations and European Studies, Kodolányi János University

A#4 Ukraine and Europe Beyond the War – Priorities for Deterrence, Reconstruction and Defence Cooperation

In Cooperation with RAND Europe

Convened by RAND Europe, this roundtable will focus on Ukraine’s strategic dilemmas and the main areas for cooperation with Europe beyond the current phase of Russia’s war against Ukraine. The session will address three interrelated issues: (1) Ukraine’s future deterrence and defence posture required to prevent renewed Russian aggression or other forms of destabilising behaviour; (2) the main priorities for EU-Ukraine relations, including the role of Ukraine's neighbours and the broader EU in supporting Ukraine’s economic recovery and long-term reconstruction; and (3) key areas for mutually beneficial defence cooperation from defence technology partnerships to joint capability development.

Discussants:

Lesia Orobets, Founder, Price of Freedom; Former Member of Parliament of Ukraine
Howard J. Shatz, Senior Economist, RAND; Professor, RAND School of Public Policy
Dr. Daniel Szeligowski, Head of the Eastern Europe Programme and Chief Analyst on Ukraine, Polish Institute of International Affairs, PISM

Moderator:

Jacob Parakilas, Research Leader, RAND Europe

A#5 The 2026 Iran War: Consequences for, Strategic Reading of, the Gulf States, the Middle East and for Global Security

Starting in March 2026, when US and Israeli militaries started attacking Iranian leadership, military forces and energy production, and Iran responded with attacks on several states of the Gulf region as well as by blocking the Strait of Hormuz, the unfolding military developments in the Middle East terrorize Gulf countries and pushed global financial and energy markets into a dangerous volatility. The mid- and long-term scenarios of the conflict are far from being clear, but the consequences and repercussions are far and wide ranging, truly global. Can all stated American foreign policy goals be achieved, is there a chance for a less oppressive and more internationally cooperative Iranian government to emerge from the rubbles or is it more likely that the Iranian regime proves more resilient, how can, or should, the States of the Gulf region, hosting US military bases, respond to the situation to ensure their long-term security? The discussion focuses on the most strategic and most challenging questions of the regional impacts of the war in Iran.

Discussants:

Elias Dahrouge, Lead Researcher and Lecturer, ArMA; Saint Joseph University of Beirut; Khayrion
Hessam Habibi Doroh, Author, teacher, researcher, National Defence Academy
Dr N. Janardhan, Director, Research, and Professor, Anwar Gargash Diplomatic Academy
Adam Sikorski, PhD, President of the Management Board, UNIMOT S.A.
Falah Mustafa, Special Assistant to the President of the Kurdistan Region of Iraq

Moderator:

Katarína Hildebrand, CEO, Khayrion

A#6 The US in Redesign or in a Turmoil – From Conflicts with Allies and Friends Through Military Action in Venezuela and Iran, to the Midterm Elections: What to Expect in Domestic Politics and in Foreign Policy

Starting with a year of tumultuous relations with allies, partners and friends right after inauguration, and continuing with challenging a series of international institutions and organizations, and introducing tariffs as a major tool of bilateral relations, the US Administration in cooperation with Israel, made a massive military operation against Iran. This caused a major strain on its relations with the countries of the Gulf and on the global economy. As the United States is heading towards midterm elections in this tense international environment, what can we expect in the midterm elections and beyond? Two years later, it is worthwhile to take a look at the balances. What is the United States that Americans were expecting two years ago, and have they gotten what they voted for? Is it better, is it worse, is it different - and where is the US heading after the midterm elections, in the second half of the Trump administration?

Discussants:

Mark S. Bergman, Principal, 7Pillars Global Insights, LLC
Matthew G. Boyse, Senior Fellow, Hudson Institute
Carrie Filipetti, Executive Director, Vandenberg Coalition
Jörn Fleck, Senior Director, Atlantic Council
Philip Reeker, Former Assistant Secretary of State for Europe; Distinguished Fellow for Europe and Transatlantic Relations, Wilson Center; Senior Advisor with DGA-Albright Stonebridge Group

Moderator:

Krzysztof Bledowski, Visiting Adjunct Professor, Rzeszów University of Information Technology and Management
16:15 - 16:45

Coffee break

16:50 - 17:50

PARALLEL ROUNDTABLES “B”

B#1 HIGHLIGHT DISCUSSION: AI and Cybersecurity – The Multiple Challenges to Europe’s Digital Sovereignty: Surviving or Winning over the Disruption?

In Cooperation with NewPush

Europe’s digital sovereignty has become a strategic priority of the EU, with key legislative frameworks such as AI Act, NIS2, eIDAS2 approved and established by 2027. The next phase of implementation — the most challenging stage of any regulatory effort — will coincide with the exponential disruption of AI and intensifying geopolitical competition. What are the most important steps that can support Europe’s digital sovereignty, how can security be enhanced without losing out on the AI potential, can Europe survive the disruption and is there a way for Europe to win it over?

KEYNOTE:

Andrea Polereczki, State Secretary of Digital Affairs, Ministry of Science and Technology of Hungary

Discussants:

Taras Dumych, Managing Partner, Wolf Theiss; Board Member and Chairman, Legal Committee of the Ukrainian Venture Capital & Private Equity Association
David Gencarelli, Gencarelli Group LLC
Dr Emilio Martin, Head of Artificial Intelligence and Data Science, ENODA
Balázs Nagy, CEO, NewPush; Google Digital Transformation Leader
Michelle Watson, Executive Director of Corporate Relations, Institute of World Politics

Moderator:

Mihály Zala, Partner, Head of Technology Risk and Cyber Security, EY

B#2 Russia and China: From Asymmetric Relations to Strategic Dependence

By the 4 th year of Russia’s war against Ukraine, some key geostrategic developments have emerged that bear direct consequences for Europe and thus necessitate European strategic rethinking. A primary factor is the evolving nature of the partnership between Moscow and Beijing. It has become increasingly evident that Russia’s sustained operational capacity relies significantly on multifaceted Chinese support that extends beyond conventional energy trade. This includes the provision of dual-use technologies and broader strategic cooperation, which together have established a critical economic and industrial lifeline for Russia. Bilateral security cooperation, especially in the Arctic, profound geopolitical and ideological interests of re-organizing institutions and legal instruments of multilateral cooperation raise several questions to Euro-Atlantic security of how to manage its relations with Moscow and with Beijing.

Discussants:

Max Bergmann, Director, Center for Strategic and International Studies
Matthew G. Boyse, Senior Fellow, Hudson Institute
Konstantin v. Eggert, International correspondent and Russia analyst, Deutsche Welle
Carrie Filipetti, Executive Director, Vandenberg Coalition
Jay Truesdale, Chief Executive Officer, TDI

Moderator:

Krisztián Jójárt, Postdoctoral researcher, Department of War Studies, Swedish Defence University; Co-Chair, Russia Research Group

B#3 The Strategic Impacts of Climate Change: the Strategic Role of Water Security

Alongside the defense industry, water security is Europe’s second pillar of defense. Water of adequate quantity and quality is crucial in several areas. What are the risks to food security, the provision of drinking water, and energy production (with particular regard to hydropower and nuclear energy)? Has the EU recognized that there is a massive water risk here? Is it prepared to manage this risk? How can we effectively prepare for these risks from both a political and a policy perspective? Until water awareness is established, what can EU policy do? Water security thus has direct consequences to the foundations of security, from water and food supply security all the way to energy production. What security implications to expect from the effects of climate change and how to react to them? What are the priorities to focus on for effectively mitigating these unfolding security challenges? The discussion sets out to develop an all-round analysis of the key security challenges and the direct consequences of water security.

Discussants:

Ágnes Kelemen, State Secretary for Water and Climate Policy, Ministry for the Living Environment of Hungary
Tomáš Petříček, CEO, Eunoia Horizons; Former Minister of Foreign Affairs of the Czech Republic
Prof. Dr. Susanne Schmeier, Professor, Water Cooperation; Law and Diplomacy, IHE Delft and Utrecht University in the Netherlands
László Szabó, Head of REKK, Corvinus University of Budapest

Moderator:

Dóra Csernus, Director of Climate, Energy and Environment, Equilibrium Institute

B#4 The Indo-Pacific and Euro-Atlantic Security: Getting the China Strategy Right

The Indo-Pacific area is clearly a key theater of competition between the US and China, with direct consequences for European security. What are the most consequential challenges stemming from China’s grand strategy and from the modernization of the People’s Liberation Army (PLA), from China’s nuclear buildup and from the integration of AI into Chinese strategic thinking? How to read the tensions around the Taiwan Strait, and the strategic aspirations of North Korea? How should relations with India be developed? With the war in Iran, China took up a cautious but supportive position by repositioning Iran’s military navigation systems from US GPS to China's encrypted platform and provided anti-stealth radar system to Iran, also limiting rare earth materials’ export of potential military use while keeping up relations with the US. Are we heading towards a Sino-centric world? Clearly, 21st century global security will depend on whether European and American decision-makers get China right – how to make Europe ready for the challenge?

Discussants:

Nico Lange, Founder and Director, Institute for Risk analysis and International Security, IRIS
Velina Tchakarova, Geopolitical Strategist, Certified Strategic Foresight Expert
Mark Voyger, President and Founder, Kyiv Institute for National and Global Security, KINGS

Moderator:

Péter Krekó, Director, Political Capital; Associate Professor, ELTE University

B#5 The 5% and the Defense Industry Developments of the Eastern Flank: The Biggest Chance for Enhancing Security, or Money - or a Facelift?

In Cooperation with FES, Friedrich-Ebert-Stiftung  

With the solid decision of increasing defense expenditure to 5% of member states’ budgets, NATO allied countries are getting much closer to developing the necessary military capabilities that have been postponed, in some cases neglected, and sometimes over decades. Yet the devil is in the details: what makes this decision impactful or not is the question of how exactly the increased budgets are going to be used. The necessary defense capabilities’ development has to result an upgrade in technology and equipment, as well as training and developing personnel and servicemen to proper use of new hardware and software, all the way to adopting the experiences of most recent warfare, the adaptation of military doctrines and the development of new operating procedures. All this, under the very rigid time pressure of our days’ intensive strategic and security developments launched by Russia’s war against Ukraine. The discussion will focus on analyzing all key elements to make the 5% a well-spent investment for the security of all allies.

Discussants:

János Szőnyegi, Deputy State Secretary for Force Development and Defense Policy, Ministry of Defense
Robert Benson, Associate Director, National Security and International Policy at the Center for American Progress
Dr. Lucas F. Hellemeier, External Researcher, John F. Kennedy Institute for North American Studies, Freie Universität Berlin
Marek Matraszek, Chairman, CEC Group
Tamás Csiki Varga, Senior Research Fellow, John Lukacs Institute for Strategy and Politics, Ludovika University of Public Service

Moderator:

Balázs Tárnok, PhD, Jurist and Minority Rights Expert; Director of Research, John Lukacs Institute

B#6 From Diplomacy to Parliament, Business and Government - The Strategic Role of Women Leaders in Key Positions

In Cooperation with HBLF, the Hungarian Business Leaders Forum

Women are increasingly shaping decisions at the highest levels of diplomacy, government, business, and international organizations. Their leadership is no longer an exception but an essential part of addressing today’s most complex challenges—from energy security and geopolitical uncertainty to economic competitiveness and technological transformation. This panel brings together distinguished leaders from government and business to explore how diverse leadership perspectives contribute to more resilient institutions, stronger public-private cooperation, and better strategic decision-making. The discussion will examine the opportunities and challenges of leading in environments where rapid change, uncertainty, and cross-sector collaboration have become the new normal.

Discussants:

Beata Daszyńska-Muzyczka, President and CEO, Three Seas Business Council
Pavlína Janebová, Research Director, Prague-based Association for International Affairs (AMO)
Babett Kecskésné Pavlics, CEO, Keler CCP Ltd
Anita Simon, Deputy CEO for Sustainability and Circular Economy, ALTEO Group
Mónika Zsigri, Head of Unit, Energy Security and Safety Unit, DG Energy, European Commission

Moderators:

Amb. Borbála Czakó, Honorary President, Hungarian Business Leaders Forum
Andrea Istenes Solti, President, Hungarian Business Leaders Forum
18:00 - 19:00

PANEL 5 - CLOSING - The New Geostrategic Environment: From The Promise of Ending the War in Ukraine to the Reality of the War in Iran – What is the Way Ahead for Euro-Atlantic Security?

With the fourth year of Russia’s war against Ukraine and without an end in sight, Russia’s long term strategy has shifted to exhausting the West from supporting Ukraine. Can Ukraine win this war, or should Europe be prepared for continuously being challenged by Russia? Is winning a conventional war the same as winning a hybrid war? What guidance to get from the new US foreign policy document for long term relations with Europe? How does the surprise attack of the US against Venezuela’s leader impact on rogue actors across the world? What impact does the 2026 war in Iran have on Russia and China? How does the AI-disruption in the technological field changes and accelerates warfare? Do these simultaneous multiple crises add up to making an era of the poli-crisis of the entire system of international politics - potentially developing into a “Perfect Storm”? And if so, what strategies can be developed to manage, tame, calm or quench the storm? 

Speakers:

James Jay Carafano, Senior Counselor to the President and E.W. Richardson Fellow, Heritage Foundation
Jill Dougherty, Expert, CNN On-Air contributor on Russia Issues, Distinguished Fellow, The Woodrow Wilson International Center
Jamie Fly, CEO, Freedom House
Andrew A. Michta, Professor of Strategic Studies, Hamilton School at the University of Florida
Tomáš Petříček, CEO, Eunoia Horizons; Former Minister of Foreign Affairs of the Czech Republic
Amb. Miroslav Wlachovsky, Diplomat, Expert on Foreign Policy, Globsec; Former Minister of Foreign and European Affairs of Slovakia

Moderator:

Marek Matraszek, Chairman, CEC Group
19:00 - 19:20

Closing remarks

Speakers:

Tamás Boros, Executive Director and Co-Founder, Equilibrium Institute
Réka Szemerkényi, Director of International Affairs, Equilibrium Institute; Former Ambassador of Hungary to the United States
István Szent-Iványi, President, ConnectEurope NGO; Member of Presidency, Hungarian Atlantic Council; Senior Fellow, Department of International Relations and European Studies, Kodolányi János University
19:20 - 20:00

Networking



 *Confirmed speakers and moderators