The parliamentary election held in March 2023 confirmed the incumbent ruling Reform Party's leading position in politics. A new centrist liberal three party coalition will ensure broad policy continuity. The main priorities for the government are ensuring macroeconomic stability, a gradual transition to fiscal consolidation and continuing support for Ukraine and limiting Russian influence in the country. We expect parliament to last a full term until 2027, but political risks have increased amid growing public dissatisfaction with the coalition.