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Ministers Talk Up Chinese Relations Ahead of Contentious EP Election

HUNGARY
  • Following the conclusion of last week’s visit of the Chinese President Xi to Hungary, Orban detailed as many as 18 cooperation agreements reached between the two countries in recent years, all containing new plans and goals for ties between the countries.
  • Local political focus has begun to steer toward the upcoming European parliamentary elections, ahead of which foreign minister Szijjarto this weekend stated the election would decide if we “live in peace or war”.
  • A parliamentary session convenes later today, but the local schedule is broadly clear. No economic data is due across the week, leaving markets waiting until next week’s NBH rate decision.

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