Two Central and Eastern European countries with different growth structures and economic performances are both looking to artificial intelligence as a driver of faster development.
Moscow must also rethink its regional position after Fidesz’s defeat. Russia has lost its most stable ally in the region, while still needing partner(s) within the EU.
Tisza’s landslide victory on April 12 sent the forint to a four-year high and Budapest stocks to a record, as investors priced in the end of the Orbán-era risk premium and the prospect of unlocking frozen EU funds.
On 12 April 2026, Hungarian voters ended sixteen years of Viktor Orbán's rule in a landslide, handing Péter Magyar's Tisza party a two-thirds supermajority on the highest turnout since the fall of communism.
Opinion polls are divergent, but results from government-independent research institutes suggest the possible defeat of the Orbán government in Hungary.
Poland has also been hit by the fuel price shock, to which the government has responded with a price cap. Most countries in the region are attempting to ease the burden on consumers through direct state intervention in pricing.
In recent weeks, significant domestic political debate has emerged in Poland over efforts by politicians from the Law and Justice party (PiS) – including Mateusz Morawiecki and Karol Nawrocki – to strengthen ties with Hungarian Prime Minister Viktor Orbán.
With Hungary's parliamentary elections set for 12 April 2026, the relationship between Budapest and Kyiv has deteriorated into one of the most explosive bilateral disputes in Europe.
The Strait of Hormuz is thousands of miles from Budapest or Prague. Yet the crisis unfolding there is already hitting Central European drivers at the pump.