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HUNGARY: Orban Says Trump Victory to Restore Peace, Increase Econ. Possibilities

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Speaking in an interview broadcast by TV2 yesterday, and cited by MTI, Prime Minister Orban said "Donald Trump's victory will primarily restore peace and broaden our economic possibilities." The prime minister added that "important achievements could be made, which would not be possible if the war (in Ukraine) went on, with a continued risk of Hungary becoming involved."
  • On domestic affairs, Orban said "it is certain" that the government would prepare a "peace time budget" under which "we will spend less on war-related items and we could afford a lot more measures aimed at prosperity for the people." That would include "an unprecedented" programme to promote small business, loans for employees, as well as "opportunities for cheaper, more affordable housing."
  • Note that Hungary’s Finance Ministry is set to propose the budget for 2025 today, and to publish budget balance data for January-October later this morning. CPI data for October is the key release of the week tomorrow (Est: +3.6% Y/Y; Prior: +3.0%).
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  • Speaking in an interview broadcast by TV2 yesterday, and cited by MTI, Prime Minister Orban said "Donald Trump's victory will primarily restore peace and broaden our economic possibilities." The prime minister added that "important achievements could be made, which would not be possible if the war (in Ukraine) went on, with a continued risk of Hungary becoming involved."
  • On domestic affairs, Orban said "it is certain" that the government would prepare a "peace time budget" under which "we will spend less on war-related items and we could afford a lot more measures aimed at prosperity for the people." That would include "an unprecedented" programme to promote small business, loans for employees, as well as "opportunities for cheaper, more affordable housing."
  • Note that Hungary’s Finance Ministry is set to propose the budget for 2025 today, and to publish budget balance data for January-October later this morning. CPI data for October is the key release of the week tomorrow (Est: +3.6% Y/Y; Prior: +3.0%).