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HUNGARY: Orban Says Hungary in Talks on ‘Sizable’ US Investment Deal

HUNGARY
  • Speaking on state radio this morning, Prime Minister Orban said Hungary is in negotiations with the Trump administration on a “sizable” economic deal that will involve US investments. Orban agreed with Donald Trump on this before his inauguration, he said.
  • The Prime Minister also said Hungary will take steps to ensure that all aid funding coming from the United States to NGOs and media critical of the government would be revealed, referring to the USAID programmes, Reuters report. He said the moment has come to "eliminate these foreign networks" now that Trump's administration is considering merging the USAID into the State Department.
  • There are no major data releases scheduled for today. Looking ahead to next week, CPI data due Tuesday provides the key domestic risk event. The NBH noted last month that “the temporary rise in inflation is expected to continue in January 2025,” which would likely justify another ‘hold’ decision at the Feb 25 MPC meeting.
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  • Speaking on state radio this morning, Prime Minister Orban said Hungary is in negotiations with the Trump administration on a “sizable” economic deal that will involve US investments. Orban agreed with Donald Trump on this before his inauguration, he said.
  • The Prime Minister also said Hungary will take steps to ensure that all aid funding coming from the United States to NGOs and media critical of the government would be revealed, referring to the USAID programmes, Reuters report. He said the moment has come to "eliminate these foreign networks" now that Trump's administration is considering merging the USAID into the State Department.
  • There are no major data releases scheduled for today. Looking ahead to next week, CPI data due Tuesday provides the key domestic risk event. The NBH noted last month that “the temporary rise in inflation is expected to continue in January 2025,” which would likely justify another ‘hold’ decision at the Feb 25 MPC meeting.