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HUNGARY: Hungary, Turkey Ramping Up Strategic Partnership in Defence Innovation

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Hungary and Turkey are ramping up their strategic partnership in defence innovation dating from 2023, Defence Minister Kristof Szalay-Bobrovniczky said following the first meeting of the Hungarian-Turkish working group for defence innovation. "We are open to deepening cooperation to satisfy the short-term needs of the Hungarian Armed Forces as well as ensuring long-term opportunities for R&D," he said according to MTI.
  • There are no major data releases or speaker events scheduled for today. Looking ahead to the rest of the week, industrial production (Est: -3.7% Y/Y; Prior: -2.9%) and retail sales (Est: +2.0% Y/Y; Prior: +4.1%) figures for December are due Thursday, with budget balance data for January on the docket Friday.
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  • Hungary and Turkey are ramping up their strategic partnership in defence innovation dating from 2023, Defence Minister Kristof Szalay-Bobrovniczky said following the first meeting of the Hungarian-Turkish working group for defence innovation. "We are open to deepening cooperation to satisfy the short-term needs of the Hungarian Armed Forces as well as ensuring long-term opportunities for R&D," he said according to MTI.
  • There are no major data releases or speaker events scheduled for today. Looking ahead to the rest of the week, industrial production (Est: -3.7% Y/Y; Prior: -2.9%) and retail sales (Est: +2.0% Y/Y; Prior: +4.1%) figures for December are due Thursday, with budget balance data for January on the docket Friday.