Hungary's Constitutional Reform: End of Sulyok Era and New Political Phase

Hungarian President Tamás Sulyok has signed the constitutional amendment ending his term. Sulyok stated that he had no other choice but to approve the regulation passed by parliament, with Parliament Speaker Agnes Forsthoffer set to temporarily assume the presidency from Monday, and the parliament expected to select a new president within 30 days. This development marks a fundamental shift in Hungary's political landscape. Hungarian Prime Minister Péter Magyar emphasized that this reform represents an important step in the country's political balancing. The economic and financial policies of the country will also be under discussion in this process. Hungary's role in the European Union and international relations will be closely monitored at the beginning of this new political phase.

This reform can be assessed as part of the balancing of Hungary's political and economic structure. International financial markets will monitor the impact of this political change on Hungary's credit ratings and capital markets.