February 5, 2025
The Hungarian economy buried, Orban can "fly" in the next elections - Reuters thumbnail
Economy

The Hungarian economy buried, Orban can “fly” in the next elections – Reuters

Orban has created some of the problems before the last elections, and it seems that he plans to repeat the same mistake.”, – WRITE: www.unian.ua

Orban has created some of the problems before the last elections, and it seems that he plans to repeat the same mistake.

Victor Orban has been in power for 15 years / photo UNIAN, Anastasia SyrotkinVictor Orban has been in power for 15 years / photo UNIAN, Anastasia SyrotkinHungary is faced with economic troubles, which call into question Viktor Orban’s re-election by the country’s prime minister following the election of 2026. Reuters writes about it.

The main problem for Budapest is now high inflation, the consequences of which are noticeable throughout the economy.

“The Hungarians have not seen such a decrease in living standards since [партія] Fidez came to power (in 2010), “said Balash Saint-Iana, a political economist at Aston University (Britain), who specializes in Central Europe.

According to economists, inflation, especially in 2022-23, influenced the Russian invasion of Ukraine and related economic shocks for Europe, as well as the actions of Orban himself. Before the 2022 parliamentary elections, he spent $ 5.35 billion on government farms for the population, which also had inflation.

The European Commission predicts that in 2025 the Hungarian economy will increase by 1.8%-the smallest indicator for the 15-year board of Orban.

Some polls show that the growing center -right party “Tisa” Peter Madyar has overtaken “Fidesz”. The Capital Economics Emerging Europe Analyst Nicolas Farr says that it increases the “real perspective” of Orban’s loss in the election for the first time after the coming to power in 2010.

According to Bloomberg, before the next election in 2026, Orban plans to resort to indirect bribery of voters in order to drag them to their side. In particular, he plans to provide subsidies of 3 million forints ($ 7,697) to pensioners in rural areas to help them repair their homes. It is pensioners and voters in the countryside who is the electoral base of Orban.

Hungarian policy: The latest newsAccording to UNIAN, Viktor Orban again threatened to veto the EU sanctions against Russia. The Hungarian Prime Minister promises to block sanctions if in half a year Ukraine does not restore the transit of Russian gas.

According to Polish Foreign Minister Radoslav Sikorsky, the Hungarian veto was temporarily removed only thanks to Trump. Orban is very respectful of the new US President.

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