Hungary's ruling party expected to win election

|By:, SA News Editor

Hungarians are going to the polls in a general election that the ruling Fidesz party is expected to win by a landslide.

Fidesz leader and Prime Minister Viktor Orban has had plenty of rows with the EU over what the latter says are anti-democratic policies, as well as with foreign investors, but he has stabilized finances and cut energy bills.

"A Fidesz-led government would guarantee long-term political stability and policy continuity," says analyst Blanka Kolenikov. "However, it would further erode the investment and business environment, undermining Hungary's competitiveness towards its regional peers."

Meanwhile, the far-right Jobbik party is on track for a strong showing and it could even come second ahead of the leftist opposition.

ETFs: GUR, ESR