Varga in Helsinki: Hungary needs to be prepared for no-deal Brexit

The United Kingdom's leaving the European Union "in a regulated manner" is in Hungary's interest, but Hungary needs to be prepared if Brexit happens without prior agreement between the UK and the community, Finance Minister Mihaly Varga said at a meeting of his European counterparts in Helsinki on Friday. The Hungarian government has made preparations for legislative changes necessitated by Brexit, the finance ministry said in a statement. The ministry quoted Varga as saying that in light of the Hungarian economy's achievements in recent years "a no-deal Brexit would not cause significant recession".