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Hungary Must Stay Out of War in Ukraine, Orban Says

HUNGARY
  • Concerning the war in Ukraine, Orban yesterday said Hungary "must stay out" of it, partly because of the Hungarian minority in Ukraine, "partly because war is always bad... several hundred Hungarians have died already as soldiers in the Ukrainian army", MTI report.
  • On the subject of China, Orban said its significance as an investor had increased in recent years and called endeavours to "isolate" China "ill-advised". "Everything must be done in the interest of the best possible ties between China and Europe, and China and Hungary," he said.
  • Hungary recorded a final trade deficit of EUR 923m (prelim. -EUR 1.009b) in October, according to the Central Statistical Office. A record EUR 4.5b current account deficit (Est. -EUR 4.5b) was recorded in the July-September period, primarily driven by the soaring cost of imported energy. The central bank has said that the current account deficit is likely to improve going forward.

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