Here is when the euro could arrive in Hungary
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Márton Nagy, Minister for Economic Development, revealed that the government has serious plans to purchase Budapest Airport.
The minister covered several topics in his interview given to Index, including, among other things, the airport purchase and the introduction of the euro in Hungary.
Repurchase of Budapest Airport
Márton Nagy told Index that after the recent acquisition of Vodafone, one of the country’s largest mobile operators, the state is now planning to acquire Budapest Airport. He said that he is leading the negotiations for the purchase and that discussions have already begun. According to him, the acquisition of the airport is “a matter of national strategy.”
As recalled in a summary article by napi.hu, the airport has been in private hands since 2005. Previously, it was owned by the state. Now the state wants to regain majority ownership. The minister called the privatisation a huge mistake of the previous government, something that should be corrected as soon as possible.
The minister could not provide more details about the acquisition to Index. And, in particular, he could not estimate how much the majority stake would cost. However, napi.hu drew attention to the fact that the purchase of the airport was also raised two years ago. At that time, the press reported a purchase price of HUF 1,600 billion (EUR 4.2 billion).
IF…
IF Hungary stays in the EU and can pull it’s economic act together,
IF Hungary stays in the EU their is a legal obligation to adopt the EURO.
I doubt Hungary will be in the EU long enough. Orban wants out so it’s easier to cozy up with is buddies Putin and Xi, so if the cash EU atm stops spitting out cash, Hungary will be back in the arms of the communists. Xi is the leader of the Chinese communist party and Putin last week said that NATO is trying to destroy what’s left of the Soviet Union.
Welcome home Hungary!