Hungary’s new Finance Minister, András Kármán, has stated that Prime Minister Péter Magyar’s government will fully implement all conditions for unlocking European Union funding and prepare the country for the transition to the euro within four years.
Speaking at parliamentary confirmation hearings, Kármán emphasized the need for a radical change in economic policy. He said Hungary requires not just an adjustment, but a completely new course aimed at restoring predictability and reducing the budget deficit and public debt.
“We will lay the foundation for Hungary to formally join the eurozone by 2030,” the minister stated.
András Kármán, who has experience at Erste Group, in the civil service, and at the European Bank for Reconstruction and Development, is considered a key figure in implementing the new economic course. The government has already granted him and several other ministers veto power on key legislative initiatives to ensure stability in economic policy.
Experts note that the transition to the euro will require significant efforts to reduce inflation, strengthen fiscal discipline, and implement structural reforms. Nevertheless, Brussels welcomes the signals from Budapest and is open to constructive dialogue.