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HUNGARY: Orban Affirms Stance Against Joint EU Defence Financing

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Orban has reaffirmed his stance against joint EU financing for defence, stating that the constitution bars such measures. That said, Orban did note Hungary is ready to shoulder financing for further defence ambitions in his weekly radio interview. He'll likely lean further on this rhetoric at a campaign rally due tomorrow to mark the national holiday. Magyar is set to speak later in the day.
  • In defence of the government's measures to cap supermarket profit margins at 10%, Gulyas stated the measure will have a "visible and tangible" impact on price reductions ahead.
  • The minister added that the nearing end of the war in Ukraine will mean unjustified price rises must be brought to an end and while direct intervention is a last resort, there are more radical regulatory precedents in the EU.
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  • Orban has reaffirmed his stance against joint EU financing for defence, stating that the constitution bars such measures. That said, Orban did note Hungary is ready to shoulder financing for further defence ambitions in his weekly radio interview. He'll likely lean further on this rhetoric at a campaign rally due tomorrow to mark the national holiday. Magyar is set to speak later in the day.
  • In defence of the government's measures to cap supermarket profit margins at 10%, Gulyas stated the measure will have a "visible and tangible" impact on price reductions ahead.
  • The minister added that the nearing end of the war in Ukraine will mean unjustified price rises must be brought to an end and while direct intervention is a last resort, there are more radical regulatory precedents in the EU.