MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Orban Again Stresses Ideological Gap Between Hungary and EU

HUNGARY
  • PM Orban today said the government will continue to make positive steps to keep the Hungarian economy out of recession next year, and will advance the achievement of “national strategic goals”. In the radio interview, Orban added that most of Europe is facing recession, but he wants to keep Hungary away from the “European tendency”. He reiterated his opposition to sanctions, training of Ukrainian soldiers and finance for Ukraine.
  • Focus for markets remains on Hungary’s access to EU funding, with the Commission due to decide imminently on several tranches of funding. Hungary could lose access to as much as €4.1bln in funds if the recovery plan is not approved by year-end, and a separate €7.5bln remains blocked on rule-of-law concerns (the focus of the European parliament presentation yesterday, which took a very dim view of the government’s progress on corruption).
  • November 29th marks the next deadline (delayed from November 22nd) at which the European Commission could commit to a decision. Sources reports yesterday suggested aid is still on track to be approved, but could be tied to material commitments on judiciary and rule of law progress.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.