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    Home > Finance > Orban scales up 'war or peace' campaign as Hungary heads to pivotal vote
    Finance

    Orban scales up 'war or peace' campaign as Hungary heads to pivotal vote

    Published by Global Banking & Finance Review®

    Posted on February 13, 2026

    5 min read

    Last updated: February 13, 2026

    The image shows the aftermath of an Israeli airstrike in Gaza that claimed the lives of Al Jazeera journalists, including Anas Al Sharif. This tragic event highlights the ongoing conflict and its impact on press freedom.
    Scene depicting the aftermath of an Israeli airstrike that killed Al Jazeera journalists in Gaza - Global Banking & Finance Review
    Tags:European CommissionFinancial Aideconomic growthpolitical risk insurance

    Quick Summary

    Orban's campaign casts Hungary's election as a choice between war and peace, focusing on stability and EU relations amidst economic challenges.

    Table of Contents

    • Hungary's Political Landscape Ahead of the Election
    • Orban's Campaign Strategy
    • Economic Concerns and Public Sentiment
    • Opposition Response and Voter Perspectives

    Orban Intensifies 'War or Peace' Campaign Ahead of Hungary's Key Vote

    Hungary's Political Landscape Ahead of the Election

    By Krisztina Than

    Orban's Campaign Strategy

    GYONGYOS, Hungary, Feb 13 (Reuters) - Facing the possibility of losing power after 16 years, Prime Minister Viktor Orban has cast Hungary's election on April 12 as a stark choice between "war or peace", saying his opponents would drag the country into the war raging next door in Ukraine.

    Economic Concerns and Public Sentiment

    "We will decide our fate in April. What's at stake is: war or peace," Orban, leader of the nationalist Fidesz party, said on Facebook this week. "For peace, Fidesz is the safe choice."

    Opposition Response and Voter Perspectives

    Hungarian voters have been bombarded with letters from Orban urging them to fill out a "national petition" rejecting European Union financial aid to Ukraine, a message constantly reinforced on state television, which is firmly under government control.

    Fidesz has also put up billboards nationwide that depict an obedient-looking opposition leader Peter Magyar saying "yes" as European Commission President Ursula von der Leyen demands "Money for Ukraine!" and Ukrainian President Volodymyr Zelenskiy asks for weapons. 

    Orban has long been at loggerheads with the EU over Ukraine, among many other issues. Defying Brussels, he has maintained cordial ties with Moscow, refuses to send weapons to Ukraine, and says Kyiv can never join the EU.

    Magyar's centre-right Tisza party, which leads most opinion polls, says it wants Hungary to rejoin the European mainstream after years of strained relations under Orban that has seen crucial EU funds blocked.

    Magyar has dismissed Orban's campaign as laughable "propaganda", but Tisza has trodden cautiously on Ukraine, saying it opposes any fast-track EU accession for Kyiv and that it would put the issue to a binding referendum if it wins power.

    Ukraine needs the backing of all 27 EU nations to join.

    HUNGARY'S ECONOMY IN DOLDRUMS

    Political analysts link Orban's focus on the war to the state of Hungary's economy, which remains mired in stagnation after an inflationary surge triggered by Russia's 2022 invasion of Ukraine. Inflation has since subsided.

    "Lacking a strong performance of the economy, Orban tries to present himself as the guarantor of stability and security, saying that if he goes, there will be chaos," said Robert Laszlo from the Budapest think-tank Political Capital.

    "This has worked when it comes to strengthening Fidesz' voter base, but it is not yet clear whether he will manage to address undecided voters or lure back voters who drifted to Tisza," Laszlo added.

    In the town of Gyongyos, a Fidesz stronghold some 230 km (143 miles) from the Ukraine border, some people said the war was a key concern for them.

    "We should not swap stability for the uncertain choice, and especially, no one wants the war," said Szabolcs Dauka, 39.

    For others, economic concerns loom larger.

    "This (anti-Ukraine) campaign does not interest me, I don't agree with it... It just divides people," said Orsolya Bakos, 56, who has two children. "What matters is the future of our children... Hospitals and education are all in a shambles."

    TOUGH STANCE

    Orban hopes his anti-Ukraine rhetoric will resonate with voters just as his tough stance on migration has done since 2015, when he built a border fence to keep out migrants.

    "Taking part in the war is very similar to migration: no jumping in and out. Once you're in, you're in," he told voters during a campaign tour.

    He also repeated accusations that Kyiv and Brussels are interfering in Hungary's election, a charge both reject.

    Ukraine's Foreign Ministry summoned Hungary's ambassador to Kyiv on January 28 to protest about the meddling allegations.

    Asked about Orban's campaign rhetoric, the European Commission told Reuters the best way of ending the war and ensuring a lasting peace was to maintain economic pressure on Russia and admit Ukraine to the EU, once it meets the criteria.

    However, public sentiment in Hungary towards Kyiv has cooled as the war drags on.

    A survey published in December by Policy Solutions and Zavecz Research showed that opposition to EU aid for Ukraine had risen to 63% in 2025 from 41% in 2023, while 64% of Hungarians opposed Kyiv's EU membership.

    Andras Biro-Nagy, director of Policy Solutions, a political research institute in Budapest, said Orban's comments on Ukraine might strike a chord beyond his Fidesz base.

    "It puts an issue on the table on which opinions may vary even among Tisza supporters and which could also be useful for addressing undecided voters," he said.

    Tisza, which is campaigning on promises to tackle corruption and revive the economy, currently has an 8-12 percentage-point lead over Fidesz among decided voters. However, pro-government pollsters show a Fidesz lead, and many voters remain undecided.

    Magyar said this week voters wanted to hear about "real issues, pensions, the cost of living, people emigrating from here, pushing down inflation".

    (Writing by Krisztina Than, additional reporting by Lili Bayer in Brussels and Krisztina Fenyo in BudapestEditing by Gareth Jones)

    Key Takeaways

    • •Orban frames election as a choice between war and peace.
    • •Fidesz party promotes stability amidst economic concerns.
    • •Opposition Tisza party seeks EU alignment.
    • •Hungary's economy struggles with post-inflation stagnation.
    • •Orban's anti-Ukraine stance mirrors past migration policies.

    Frequently Asked Questions about Orban scales up 'war or peace' campaign as Hungary heads to pivotal vote

    1What is inflation?

    Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured as an annual percentage.

    2What is economic growth?

    Economic growth refers to an increase in the production of goods and services in an economy over a period of time, usually measured by GDP.

    3What is financial aid?

    Financial aid is assistance provided to individuals or organizations to help them meet their financial needs, often in the form of grants, loans, or subsidies.

    4What is the European Commission?

    The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's policies and budget.

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