Weapon dumping can also bring orders to the Hungarian military industry
At the same time Hungary alone did not support the Union's standing up to Ukraineaccording to a decision quoted by the leaders of 26 countries, the EU promised further political, financial and military support to Ukraine to strengthen the country's defense capabilities and increase pressure to Russia.
This is in the statement that Orbán alone did not sign
The Hungarian veto affecting Ukraine was not unexpected, but rather the fact that our country was left alone, which, according to many, could lead to isolation. There were many criticisms of Viktor Orbán even at the meeting. Orban did not hide his criticism …:
« If Europeans are going through this, our last penny will go to this war, » the Hungarian Prime Minister said in a Friday morning interview.
Blikk has now asked experts about the importance of the two decisions and the consequences of our country mainly political, economic and military. The answers Ákos Bod Péter Economic, retired colonel József Kis-Benedek, military policy expert, and Levente Tóth, Bank360.hu It was provided by a leading economic analyst.
József Kis-Benedek
After the veto, Hungary can be in a more difficult situation?
If a single country votes no within one organization, the majority is probably not wrong. If there was another state leader, or even a shared vote, half and half, he would paint differently. The relationship has not been cloudless before, so it is not excluded.
Is the military procurement among the plans to Hungary?
Everyone who is in this club, but later requires a decision to develop.
What armed areas can be considered?
Rocket protection, air defense, artillery, cyber security developments, ammunition production. Some of the programs are already working, and this will be improved.
Can the appreciated Hungarian military industry also benefit from the planned development?
It cannot be excluded, but in fact, no major manufacturing capacity has yet been developed. Rather, we can talk about German assembly plants. The Union has a joint development, common production, important. In order to be profitable, you need to order these tools.
Levente Tóth
Can foreign investors in Hungary fall fall due to the only veto?
In this case, this is « just » a political statement, I do not see a direct negative effect, as companies that operate in Hungary are much deeper into the Hungarian economy. Their advantage they work here will not be worse.
Governments may consider the Hungarian position as an unfriendly step?
The companies themselves make economic decisions on investments and expansion. However, it may have effects if your own government has a negative or positive opinion of the country. If not immediately, but for such reasons, we can lose some investment.
Affects frozen EU subsidies?
We are already in a rather serious situation in this area, not affecting our access.
Did the forint exchange rate reflect the decision?
There was no sinking on the forint exchange rate Not even Friday.
Ákos Bod Péter
What are the consequences of the planned development of EUR 150 billion for the country's economy?
This is indeed a very significant investment in the defense industry. With the Ukrainian veto, I think the government was « burning » a bit unnecessarily, but voted for military developments. Which country has a military industry, the affected person. It is not yet known how the nations contribute to this enormous amount.
Doesn't it cause economic difficulties?
Not for Germany, a strong economy. Hungary, however, may easily cause deficits in the budget. And funding for this is not cheap in our country. Mostly, there will be a serious question now, approaching the elections as there is no place for need.
Can the government's much -mentioned Hungarian defense industry count on extra revenue?
This order can give a great momentum to the defense industry, electronics, and suppliers. Domestic suppliers of foreign giants present at home can also benefit. Obviously, if the Hungarian government had resisted the EU summit on this issue, they could have been exhausted.
Do you know how orders are distributed in the Union?
It is not certain that this will be a public decision. But the biggest impetus can be mowed by the big cannons of the defense industry, Germany, Italy, France, but Hungary may be in the second round.
