Lázár ready to ditch Russia, use 'war logic'


Cabinet chief János Lázár said that a €10 bln line of credit from Russia for new reactors at Paks does not “tie Hungary’s hands to Russia” and it would be possible to “step back” from the deal, Hungarian weekly Figyelő reported today. Regarding the Ukraine crisis, Lázár reportedly said that it may force Hungary into "crisis governance" to protect ethnic Hungarians.

“We have applied an international head hunter company to find the best people” for the Paks II. construction Lázár said, adding that “I hope that the Russians will commission western European suppliers too”.

Commenting on Paks II, Lázár said that Hungary chose the Russians for the construction because “they offered the most favorable financing and showed correct ambitions” but Hungary is not tied to the Russians and the debt contract “can be changed” anytime, in fact “if economic growth in Hungary becomes sustainable and interest rates decline, in five years we will be able to change the credit to a more favorable market credit”.

According to Lázár, “the most probable” scenario for the Ukraine crisis, is that he “is afraid” it would grow into a war, which would not allow the “era of consolidation” to happen, but would trigger “crisis governance, which is based on war logic”. Lázár said that he is concerned about Hungarians who live in Ukraine as "hostages" and Hungary needs to "be prepared to protect" those Hungarians.


Voluntary Pension Fund Contributions Climb 20% in Q1-Q3 Figures

Voluntary Pension Fund Contributions Climb 20% in Q1-Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.