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Orban Comments on Economy, Russia, Central Bank Policy


Highlights of comments from Orban's speech on the economy (via BBG):

  • Orban said he’s seeking to bridge a policy divide between the government and the central bank, saying the two can’t go in opposite directions without undermining the economy. Talks are ongoing between the cabinet and the central bank to align policy, which will be easier once disinflation gathers pace, he said.
  • On Hungary-Russia relations, Orban said “I understand the need to rebuild Russian-European relations after the war but that’s far from realistic”. “That’s why Hungary’s foreign and economic policy need to think hard about what sort of relations we can establish and maintain with Russia in the next 10 to 15 years” he added.
  • Orban: 'We will build gas-fired plants to supply industrial hubs...we will need two or three larger gas-fired plants to supply factories in eastern Hungary.' Says that to build the plants 'EU funding could be involved, if available, otherwise we will use other sources of financing.'

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