Hungarian PM Magyar: We Can Meet Euro Criteria by 2030

Hungarian Prime Minister Peter Magyar announced that the country can meet the European Union's economic criteria for adopting the euro by 2030. This marks the clearest timeline yet for Hungary's transition to the common currency. In his statement, Magyar said Hungary is working to achieve the necessary alignment in indicators such as inflation, budget deficit, public debt, and interest rates—known as the Maastricht criteria. He emphasized that reaching this goal would strengthen the country's economic stability and boost investor confidence. Although Hungary joined the EU in 2004, it has not yet formally applied to adopt the euro and continues to use the forint. Magyar's announcement has revived market expectations regarding Hungary's integration into the eurozone. Economists note that Hungary must first address structural issues such as high inflation and budget deficits before adopting the euro. Magyar's 2030 target reflects the political will to accelerate these reforms. This is not investment advice.