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HUNGARY: Profit Curbs Kick in Monday

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • Profit curbs levied on basic good items from groceries could be expanded further should retailers not comply with the rules - the curbs kick in from today, limiting profits to 10% on items ranging from flour to pork.
  • At his address on Saturday, Orban again voiced his opposition to Ukraine's accession to the European Union, which would come at the cost of Hungary. He also reiterated that he would oppose joint defence financing for the EU.
  • Much attention paid to the turnout for Orban and Magyar's duelling campaign rallies on Saturday, with Bloomberg writing that Magyar "outdrew" Orban on Saturday, further underscoring the changing political landscape in Hungary.
  • There are no major economic releases due from Hungary this week, with next Tuesday's NBH decision the next consequential economic release.
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  • Profit curbs levied on basic good items from groceries could be expanded further should retailers not comply with the rules - the curbs kick in from today, limiting profits to 10% on items ranging from flour to pork.
  • At his address on Saturday, Orban again voiced his opposition to Ukraine's accession to the European Union, which would come at the cost of Hungary. He also reiterated that he would oppose joint defence financing for the EU.
  • Much attention paid to the turnout for Orban and Magyar's duelling campaign rallies on Saturday, with Bloomberg writing that Magyar "outdrew" Orban on Saturday, further underscoring the changing political landscape in Hungary.
  • There are no major economic releases due from Hungary this week, with next Tuesday's NBH decision the next consequential economic release.