Hungarian Conservative

Ukrainian representative Yuriy Kamelchuk demanded an explanation as to why Hungary had blocked the payment of the next instalment of military aid from the European Peace Facility (EPF) to Ukraine. In his reply, the Hungarian minister reminded that Ukraine has put the biggest Hungarian bank on their list of international sponsors of terrorism, suggesting that the Hungarian bank enables the Russian war machine. As soon as OTP is removed from that list, the minister declared, Hungary will reconsider its veto.

In its Tuesday report, the bank estimated a real growth of 0.4 per cent for 2023 and 3.5 per cent for 2024 in Hungary. The bank increased its estimate for the Hungarian Gross Domestic Product growth this year by 0.6 percentage points and raised the growth projection for next year by a full percentage point.