HUNGARY’S opposition leader Peter Magyar said yesterday his Tisza party will launch a ‘Hungarian New Deal’ to revive the stagnating economy with massive investment and predictable policy if it wins elections next year.
Magyar, whose centre-right party has a firm lead over the ruling Fidesz in most opinion polls, poses the biggest political challenge to nationalist Prime Minister Viktor Orban, who after 15 years in power finds himself struggling to boost the inflation-hit economy.
The risk of steep US tariffs on EU imports also looms large over recovery prospects and yesterday’s announcement of 30 per cent tariffs on the EU by President Donald Trump is bad news for the Central European country.
Magyar announced his Hungarian New Deal plan to supporters at his party’s congress in the western city of Nagykanizsa.
“We need economic growth, investments, predictable financial and economic policy in Hungary,” Magyar said, adding that Tisza would crack down on corruption and buy back state assets that he said had been stolen over the past 15 years.
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