Hungary rules out adopting Euro as National Currency

Budapest – Hungarian Prime Minister Viktor Orban has said that his government has no plans to introduce the single European currency, the euro, in the country. He explained that adopting the euro at a time when the European Union itself faces the threat of disintegration would not be reasonable.

In an interview published by the Hungarian Chamber of Commerce and Industry’s podcast, Orban stated, “This issue is definitely not on my agenda.” He added, “The European Union is currently in a state of disarray, so I do not wish to tie my country’s future more tightly to it.” According to him, “Without major reforms, the European Union will remain only a temporary chapter in our lives.”

The Hungarian government has repeatedly said in recent years that the country is not yet ready to adopt the euro because it does not meet the Maastricht criteria. These standards, established under the 1992 Treaty on European Union, include indicators related to financial stability, price control, and exchange rate consistency.

Since joining the EU in 2004, Hungary has occasionally debated joining the eurozone. However, Orban emphasized that the country is not yet prepared for such a step, as it could lose control over its independent monetary and financial policy.

Currently, 20 EU member states officially use the euro as their currency. Apart from Hungary, Bulgaria, Denmark, Poland, Romania, the Czech Republic, and Sweden have also not adopted the euro.

Hungary opposes Ukraine’s entry into EU and NATO

Hungarian Prime Minister Viktor Orban has made clear that his country does not intend to tie its future to Ukraine, reaffirming Budapest’s opposition to Ukraine’s integration into Western alliances.

Speaking to reporters on Friday after an informal European Union summit in Copenhagen, Orban said Hungary would resist moves to bring Ukraine into either the EU or NATO.

“Why should the future of Hungarians be bound to that of Ukrainians, who have already lost one-fifth of their territory and remain at war? We don’t even know where their eastern borders lie,” Orban said.

In his weekly interview with Kossuth Radio, he repeated the point: “We feel sorry for them, we sympathize with them, and they are fighting bravely. Let us support them, but we do not want to share a common destiny with them.”

Orban has been one of the strongest critics of the EU’s approach to the Ukraine war, claiming that Brussels’ policies have damaged European economies. He has also accused EU leaders of pressuring unwilling nations to send military support to Ukraine and to back its membership bids.

Relations between Budapest and Kiev have worsened recently, especially after Ukrainian attacks on Russian energy infrastructure that supplies oil to Hungary. Ukraine has urged EU countries to stop buying Russian energy, a stance Orban firmly rejects.

At the same time, EU leaders are considering reforms that would scrap the unanimity rule on foreign and security policy, which would take away Hungary’s and other dissenting states’ power to veto such decisions.