Hungary
Hungary will clear out whole cadre of senior officers
Budapest may be selectively retiring officers with 25 years’ service to modernise army or staff it with loyalists
HungaryEastern Europe’s further convergence needs a reset
Resetting the region on a trajectory towards economic prosperity this decade and next will require fundamental reforms
Eastern EuropeBusinesses will face a tougher environment in Hungary
Both multinationals and big Hungarian firms in sectors including pharma, banking and energy face higher tax bills
HungaryMarkets do not expect Hungary to quell inflation
Ineffective monetary policy and unreliable budget and economic targets are eroding trust in economic policymaking
HungaryEastern Europe energy pool will deepen despite war
The plans of Romania, Hungary, Georgia and Azerbaijan for a submarine electricity connection rely on EU funding
Eastern EuropeEU’s Visegrad Four will not continue in current format
Russia’s invasion of Ukraine will shape Central Europe for decades to come and has divided Poland from Hungary
EUEU funds will open new rift between Poland and Hungary
Polish amendments on controversial judicial reforms look set to remove EU objections to releasing recovery monies
Eastern EuropeHungary must still meet ‘milestones’ to secure EU cash
By lifting its veto Hungary avoids imminent loss of 70% of recovery funds but later disbursements depend on ‘milestones’
Hungary
