(Bloomberg) -- Hungarian Prime Minister Viktor Orban declared a wartime state of emergency immediately after his new government was installed.
The state of emergency, a new tool Parliament approved earlier on Tuesday, will take effect at midnight and will give the government “maneuvering room and the ability to react immediately” to the fallout from the war in neighboring Ukraine, Orban said in a video message on his Facebook page.
The government will announce its first measures under the emergency on Wednesday, he said.
©2022 Bloomberg L.P.
BNN Bloomberg Picks
Spotify's billion-dollar bet on podcasting has yet to pay off
'Hotdogs instead of steaks:' What your Canada Day BBQ will cost with hot inflation
In tight rental market, here's how to prepare for potential increase at renewal
27% of homeowners have a HELOC, half paying down principal: Poll
Beer made from recycled toilet water wins admirers in Singapore
Some Canadian companies expand benefits for U.S. workers after Roe v. Wade overturn