Hungarian Prime Minister (PM) Viktor Orban predicted that the ongoing developments in Venezuela will reflect positively on the Hungarian economy, particularly in the energy sector.
During a press conference held in the capital, Budapest, Orban pointed out that Washington's control over Venezuelan oil reserves will grant the United States significant influence in global energy markets.
"By incorporating Venezuela, the United States will, according to estimates, control 40-50% of global oil reserves. This is a power capable of fundamentally influencing energy prices in international markets," Orbán said, describing the development as "good news for Hungary."
He added that President Donald Trump's administration requires abundant and cheap energy to implement its economic policies, expecting that "the conditions of the Hungarian energy market will improve after control over Venezuela is solidified."
Orban also revealed that the United States has executed 13 investment projects in Hungary since Trump took office, emphasizing that his country anticipates further American projects in the future.
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