Prime Minister Viktor Orbán held a reception for members of the Diaspora Council attending a meeting in Budapest.
PM Orbán told participants that while the election of Donald Trump had ended progressive-liberal government in the US, the two months until he is inaugurated "will hold a lot of insecurity in the US and Europe, and that may be a source of enormous risks."
"Those on the side of war still haven't acknowledged the new reality. We must do everything in our power against an escalation of the war in Ukraine -- a ceasefire and peace talks have never been more important than now," PM Orbán said.
"That is all the more important" because the Hungarian government has prepared a "peace budget" to help its new economic policy to succeed, he said. "Based on that [budget], people and companies may look into the future more positively," he added.