Hungary's opposition flags 'New Deal' to kickstart stagnating economy

13/7/2025 6:24

Hungary's opposition leader Peter Magyar said on Saturday 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 U.S. tariffs on EU imports also looms large over recovery prospects and Saturday's announcement of 30% 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.