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Hungary’s strained relations with the United States have affected its economy, despite recent celebrations marking 25 years since joining NATO. Notably absent from the celebration was Prime Minister Viktor Orban, who had led Hungary’s entry into NATO in 1999. Professor Peter Mihályi from Corvin University of Budapest noted that the United States’ displeasure with the Hungarian government is a significant factor affecting the economy.

Despite this challenge, Western companies are still investing in Hungary, albeit with some adjustments. Transparency International highlighted that the investment climate has not seen drastic changes, with foreign companies adapting to the situation. However, Chinese projects have introduced a new culture of secrecy in Hungary. While the hostile attitude toward EU countries and the USA has not extended to the business sector, Hungary has introduced additional taxes, particularly targeting foreign companies. The future of Hungary’s economy may be influenced by its diplomatic relations with Western countries and investment climates.

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