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Vote Pledge Looks to Place More Pressure on EU

HUNGARY
  • Reuters write that the Hungarian and Russian foreign ministers have met to discuss gas imports to Hungary as well as the construction of the Paks nuclear plant by Rosatom. The meeting follows a sharp criticism of EU sanctions on Russia earlier this week from Orban, who stated sanctions should be removed by year-end.
  • The ruling Fidesz party have called on the government to launch a national consultation on Russian sanctions, in which a public survey would be taken to gauge support for further restrictions. A party spokesperson acknowledged that the move was an attempt to put political pressure on the European Union.
  • Wage growth data released this morning was inline with expectations at +15.3% on the year in July.
  • The Hungarian finance minister speaks later today and may comment on yesterday’s reports that Hungary are planning a package of as much as HUF 400bln to counter the fallout from high energy prices.
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  • Reuters write that the Hungarian and Russian foreign ministers have met to discuss gas imports to Hungary as well as the construction of the Paks nuclear plant by Rosatom. The meeting follows a sharp criticism of EU sanctions on Russia earlier this week from Orban, who stated sanctions should be removed by year-end.
  • The ruling Fidesz party have called on the government to launch a national consultation on Russian sanctions, in which a public survey would be taken to gauge support for further restrictions. A party spokesperson acknowledged that the move was an attempt to put political pressure on the European Union.
  • Wage growth data released this morning was inline with expectations at +15.3% on the year in July.
  • The Hungarian finance minister speaks later today and may comment on yesterday’s reports that Hungary are planning a package of as much as HUF 400bln to counter the fallout from high energy prices.