Latest news with #HungarianNewDeal
Reuters
8 hours ago
- Business
- Reuters
Main challenger to Hungary's Orban begins campaign tour on a canoe
TOKAJ, Hungary, July 16 (Reuters) - Hungary's main opposition leader Peter Magyar set off on a campaign tour in a canoe on Wednesday saying his Tisza party could go it alone without needing allies to defeat nationalist Prime Minister's Viktor Orban in the 2026 election. Magyar's centre-right party has a firm lead over the ruling Fidesz in most polls and poses the biggest political challenge to Orban in his 15-year rule at a time when the Hungarian leader is struggling to boost an inflation-hit economy. Speaking in the eastern town of Tokaj before an 80-day tour of the countryside, Magyar said Hungary was in a downward spiral with the economy stagnating and public services crumbling. He is promising a "Hungarian New Deal" to revive the economy with massive investment, EU funds and more predictable policies if his party wins next year. "Tisza will sign an alliance, a coalition with Hungarian people ... we will not be signing some kinds of behind-the-doors deals," Magyar told reporters beside the Tisza river. The energetic 44-year-old lawyer and former member of Orban's circles burst into Hungarian politics early last year. He cited polls showing Tisza was on course for a convincing win in 2026 by going alone. No date is yet set for the vote. Orban said in a Magyar Nemzet podcast earlier this week that unlike his Fidesz, Tisza was a "digital political movement" and not an established party, and he was calm about the election as his government's performance spoke for itself. Magyar will tour small villages and towns, where Fidesz has been strongest in the past four elections which Orban swept with landslides. From Tokaj, he paddled off in a canoe towards the village of Tiszaladany and then Tiszalok later on Wednesday. Orban is expected to deliver a keynote speech on July 26 as an informal election campaign gathers speed even without a date. The government launched massive tax cuts and a large-scale subsidized housing programme in recent weeks.
Straits Times
10 hours ago
- Politics
- Straits Times
Main challenger to Hungary's Orban begins campaign tour on a canoe
Find out what's new on ST website and app. Peter Magyar, leader of the opposition TISZA party, shoots a water gun while canoeing on the Tisza River as he starts his 80-day tour of the country in Tokaj, Hungary, July 16, 2025. REUTERS/Marton Monus TOKAJ, Hungary - Hungary's main opposition leader Peter Magyar set off on a campaign tour in a canoe on Wednesday saying his Tisza party could go it alone without needing allies to defeat nationalist Prime Minister's Viktor Orban in the 2026 election. Magyar's centre-right party has a firm lead over the ruling Fidesz in most polls and poses the biggest political challenge to Orban in his 15-year rule at a time when the Hungarian leader is struggling to boost an inflation-hit economy. Speaking in the eastern town of Tokaj before an 80-day tour of the countryside, Magyar said Hungary was in a downward spiral with the economy stagnating and public services crumbling. He is promising a "Hungarian New Deal" to revive the economy with massive investment, EU funds and more predictable policies if his party wins next year. "Tisza will sign an alliance, a coalition with Hungarian people ... we will not be signing some kinds of behind-the-doors deals," Magyar told reporters beside the Tisza river. The energetic 44-year-old lawyer and former member of Orban's circles burst into Hungarian politics early last year. He cited polls showing Tisza was on course for a convincing win in 2026 by going alone. No date is yet set for the vote. Top stories Swipe. Select. Stay informed. Singapore Over 600 Telegram groups in Singapore selling, advertising vapes removed by HSA Singapore 2 weeks' jail for man caught smuggling over 1,800 vapes and pods into Singapore Singapore Jail for man who fatally hit his daughter, 2, while driving van without licence Singapore Primary 1 registration: 38 primary schools to conduct ballot in Phase 2A Singapore ComfortDelGro to introduce new taxi cancellation, waiting fee policy Singapore Here comes the sun: Less rain, more warm days in second half of July Singapore Instead of overcomplicating COE system, Govt has ensured affordable transport for all: SM Lee to Jamus Lim Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict TOUR OF ORBAN'S POLITICAL HEARTLAND Orban said in a Magyar Nemzet podcast earlier this week that unlike his Fidesz, Tisza was a "digital political movement" and not an established party, and he was calm about the election as his government's performance spoke for itself. Magyar will tour small villages and towns, where Fidesz has been strongest in the past four elections which Orban swept with landslides. From Tokaj, he paddled off in a canoe towards the village of Tiszaladany and then Tiszalok later on Wednesday. Orban is expected to deliver a keynote speech on July 26 as an informal election campaign gathers speed even without a date. The government launched massive tax cuts and a large-scale subsidized housing programme in recent weeks. REUTERS
The Star
4 days ago
- Business
- The Star
Hungary's opposition flags 'New Deal' to kickstart stagnating economy
Peter Magyar, leader of the opposition from TISZA party, delivers a speech during the party congress in Nagykanizsa, Hungary, July 12, 2025. REUTERS/Marton Monus NAGYKANIZSA, Hungary (Reuters) -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. "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. The main pillars of Tisza's plan will be a major healthcare reform with additional funding of 500 billion forints ($1.5 billion) annually, a large-scale rental flat and home construction programme, a modernisation of state railways using EU and national funds, and investments in energy efficiency for households and in education. Magyar, a former government insider who burst into Hungarian politics last year, again pledged to unlock some 20 billion euros of suspended EU funds that Hungary has not received for years due to clashes between Brussels and Orban over a perceived erosion of democracy and corruption -- accusations that Orban denies. The parliamentary election is set to take place early next year, though no date has been set. In June parliament passed Orban's 2026 election year budget, including steep tax cuts for families, a key demographic group for Fidesz. "People are fed up with this regime. And Tisza is a kind of 'collecting party' which stood behind all this (discontent). People want change," said Edit Piroska Borsi, a retired teacher at the congress. ($1 = 341.6200 forints) (Reporting by Krisztina Than; Additional reporting by Krisztina Fenyo; Editing by Hugh Lawson)
Reuters
4 days ago
- Business
- Reuters
Hungary's opposition flags 'New Deal' to kickstart stagnating economy
NAGYKANIZSA, Hungary, July 12 (Reuters) - 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. "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. The main pillars of Tisza's plan will be a major healthcare reform with additional funding of 500 billion forints ($1.5 billion) annually, a large-scale rental flat and home construction programme, a modernisation of state railways using EU and national funds, and investments in energy efficiency for households and in education. Magyar, a former government insider who burst into Hungarian politics last year, again pledged to unlock some 20 billion euros of suspended EU funds that Hungary has not received for years due to clashes between Brussels and Orban over a perceived erosion of democracy and corruption -- accusations that Orban denies. The parliamentary election is set to take place early next year, though no date has been set. In June parliament passed Orban's 2026 election year budget, including steep tax cuts for families, a key demographic group for Fidesz. "People are fed up with this regime. And Tisza is a kind of 'collecting party' which stood behind all this (discontent). People want change," said Edit Piroska Borsi, a retired teacher at the congress. ($1 = 341.6200 forints)
Straits Times
4 days ago
- Business
- Straits Times
Hungary's opposition flags 'New Deal' to kickstart stagnating economy
Sign up now: Get ST's newsletters delivered to your inbox Peter Magyar, leader of the opposition from TISZA party, delivers a speech during the party congress in Nagykanizsa, Hungary, July 12, 2025. REUTERS/Marton Monus NAGYKANIZSA, Hungary - 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. "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. The main pillars of Tisza's plan will be a major healthcare reform with additional funding of 500 billion forints ($1.5 billion) annually, a large-scale rental flat and home construction programme, a modernisation of state railways using EU and national funds, and investments in energy efficiency for households and in education. Magyar, a former government insider who burst into Hungarian politics last year, again pledged to unlock some 20 billion euros of suspended EU funds that Hungary has not received for years due to clashes between Brussels and Orban over a perceived erosion of democracy and corruption -- accusations that Orban denies. Top stories Swipe. Select. Stay informed. World US slaps 30% tariffs on EU and Mexico; EU warns of countermeasures Singapore S'pore shows what's possible when digital innovation is matched with purpose: UK foreign secretary Singapore Casual racism should be tackled by getting more people to understand it is not acceptable: David Neo Asia Fuel was cut off during take-off: Preliminary report on Air India crash Singapore Pulling back the curtain: A backstage look at the 2025 NDP show segment Singapore $3 cashback for hawker centre meals and shopping at heartland stores with DBS PayLah initiative Singapore Body of 62-year-old man recovered from waters off East Coast Park Asia Aerobridge hits Qantas plane at Sydney Airport, damaging engine, delaying flight The parliamentary election is set to take place early next year, though no date has been set. In June parliament passed Orban's 2026 election year budget, including steep tax cuts for families, a key demographic group for Fidesz. "People are fed up with this regime. And Tisza is a kind of 'collecting party' which stood behind all this (discontent). People want change," said Edit Piroska Borsi, a retired teacher at the congress. REUTERS
