Well, took them just what, 20 years, but apparently TV2 has started airing the first season of Blazing Dragons in 2016 - under the title "Sárkánykirályság" (aka Dragon Kingdom).
https://kiwitv.hu/cikkek/63_talalko.....ereplovel.html

Seems to be the german DVD release seeing as the title cards are in german. The dub is as expected from Hungary, rather bad, though the voice of Flicker and Flame are at least somewhat close to the originals. The names are OK most of the time, save for Sir Loungalot, who became "Sir Hideshock" because Hi-de-shock is pronounced "Háj-de-Sok" aka "So much fat" in hungarian. Maaan that pun is terrible.

Thanks to  benthehornyhyena for making me aware of this!

I found some of the episodes are up online on TV2's page, links below:
https://supertv2.hu/neoplayer/super.....--1.-resz.html
https://tv2.hu/neoplayer/tv2/embed/.....-_2._resz.html
https://tenyek.hu/tenyek/169282_sar.....--3.-resz.html
https://tv2.hu/musoraink/tv2_matine.....--4.-resz.html
https://tv2.hu/neoplayer/tv2/embed/....._resz.html/WXP
https://supertv2.hu/neoplayer/super.....--7.-resz.html
https://supertv2.hu/neoplayer/super.....--8.-resz.html
https://tv2.hu/musoraink/tv2_matine....._10._resz.html
https://tv2.hu/musoraink/tv2_matine....._12._resz.html
https://tv2.hu/musoraink/tv2_matine....._13._resz.html