HUNGARY
Analyst
Istvan Racz
Former Director, Central BankDatabanks
Recent Country Insights
Tisza is moving forward on all fronts
HUNGARY · In Brief · 21 Apr 2026
The war-hit pumping station of the Druzhba oil pipeline, which has been inactive since January 27, miraculously recovered just a few days after the election in Hungary. There is no connection between the two events, of course. Technical tests have reportedly started today and oil may start to flo...
All votes are counted: Tisza gained further seats over the last two days
HUNGARY · In Brief · 18 Apr 2026
Vote-counting is now over. In the end, Tisza won 141 seats in parliament (70.9%), on 53.2% of the popular vote, whereas Fidesz has 52 seats (26.1%) on 38.6% of the popular vote. Mi Hazánk kept the remaining 6 seats in the National Assembly. This means that Tisza has a comfortable two-thirds major...
Eurozone entry criteria to be met by 2030
HUNGARY · In Brief · 17 Apr 2026
Tisza's candidate for finance minister, Mr. Kármán said yesterday that the new government will aim at meeting euro introduction criteria by 2030. In short term, the new government is going to review the fiscal situation, and then propose the amendment of the 2026 budget. As part of that proposal,...
Power transfer proceeding in an orderly way so far
HUNGARY · In Brief · 16 Apr 2026
President of the Republic Tamás Sulyok received the heads of the three parties elected to the new parliament separately yesterday. Following the meetings, he announced that the new parliament may be convened first in early May, and at that meeting, he will nominate Péter Magyar for prime minister...
Great changes in the first three days after the election
HUNGARY · In Brief · 15 Apr 2026
Following the noisy celebration by massive crowds, mainly from the younger generations, in the late hours of Election Day, making the streets of central Budapest look a bit like a New Year's Eve, the government media went through a spectacular change in recent days. The threat of military action ...
Do not take Tisza's constitutional majority for granted yet
HUNGARY · In Brief · 14 Apr 2026
Tisza obviously won the election with a great margin, and that you can take for granted. However, the situation is not quite the same clear regarding Tisza's supermajority or the lack of it. We have reported that the vote count is set to be completed only on Saturday this week. But we are now str...
A vote count update and Magyar's introductory speech
HUNGARY · In Brief · 13 Apr 2026
The officially communicated election result did not change significantly overnight, but the vote count rose to 98.9%. Importantly, the 170k mail votes cast by nonresidents have been counted and included, and so the most non-transparent part of the election process has been eliminated. What remain...
Landslide election victory achieved by Tisza today
HUNGARY · In Brief · 12 Apr 2026
With a record high 80% participation rate, Tisza reached a surprisingly clear-cut election victory today. About 84% of the domestic total vote having been counted, Tisza has 138 seats, against 54 for Fidesz and 7 for Mi Hazánk, in the new, three-party National Assembly. This represents a two-thir...
CPI-inflation moved a bit upwards in March, caps on fuel prices had a substantial impact
HUNGARY · In Brief · 08 Apr 2026
Even though all eyes are kept on election news in these days, this morning's KSH release of the March CPI-inflation data still appears significant, offering some insight into prospects for the rest of the year. Note: Year-on-year changes in percent; Sources: KSH and own estimates Unsurprisingly, ...