Hungary’s Stand: Navigating the EU's Economic Cold War

Hungarian Prime Minister Viktor Orban criticized the European Union's economic strategy, likening it to an 'economic cold war.' Orban emphasized Hungary's intent to maintain trade relations with both global blocs, expressing concerns about the challenges of selling EU-made products in a globally divided economy while pursuing economic neutrality.

Hungarian Prime Minister Viktor Orban has criticized the European Union's economic strategy, describing it as an 'economic cold war.' In a Friday interview on state radio, Orban asserted that Hungary seeks to evade alignment with any single bloc, aiming instead to engage in trade with both sides.

Orban highlighted that if the global economy splits into two opposing blocs, selling products manufactured within the EU will become increasingly challenging. He expressed uncertainty over whether Hungary can effectively implement its strategy of maintaining economic neutrality.

The Hungarian leader's comments reflect rising tensions about the EU's approach towards global economic competition and Hungary's ambition to sustain flexible trade partnerships.

(With inputs from agencies.)