Hungary Targets Euro by 2030 as 10-Year Bond Yields Drop 1.75 Points
Updated
Updated · Financial Times · May 27
Hungary Targets Euro by 2030 as 10-Year Bond Yields Drop 1.75 Points
2 articles · Updated · Financial Times · May 27
Péter Magyar, elected prime minister in April, made euro adoption by 2030 a pillar of Hungary’s push for closer EU ties, helping lift the forint and government bonds.
10-year Hungarian bond yields have fallen 1.75 percentage points since late March, and the forint has gained more than 6% against the euro as investors bet on warmer EU relations and possible funding unlocks.
That rally faces hard entry hurdles: Hungary’s fiscal deficit has run as high as 7% of GDP, debt stood at 78% of GDP at the start of the year, and the central bank’s 3% inflation target would need to move toward 2%.
The shift comes as euro-expansion momentum returns after Bulgaria joined this year, putting renewed focus on the six EU members still outside the single currency.
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Hungary’s 2030 Euro Pledge: Can Political Renewal and Reform Overcome Economic Barriers?
Overview
In April 2026, Hungary underwent a major political shift as the opposition Tisza party won a decisive victory, ending Viktor Orbán’s 16-year rule and bringing in a new, pro-European Union government. This change came after years of economic stagnation and was driven by a plan from Peter Magyar to revitalize the economy by unlocking EU funds that had been frozen due to concerns over democratic standards. The Tisza party’s commitment to anti-corruption and strengthening judicial independence aims to meet EU conditions, restore investor confidence, and set Hungary on a path toward euro adoption and deeper European integration.