Private equity funds have become the primary tool for wealth concealment and siphoning off public funds in Hungary, while neither the operation of these funds nor state capital investments are transparent — as revealed in a recent study by Transparency International (TI) Hungary. Hungary's anti-money laundering regulations violate EU law, as they do not include provisions for recording the actual owners of private equity funds. Consequentially, the European Commission initiated infringement proceedings against Hungary in July 2024.
The Gyurcsány government leased the airport for 75 years and collected 464.5 billion forints. The Orbán government is offering 1,400 billion forints to buy out the foreign operators 56 years before the contract expires. According to this, "sovereignty" is worth three times more than the "failed privatization."
Throughout Hungary, dozens of current and former mayors undeterred by the court proceedings, investigations or significant public scandals revolving around them are running once again for the office. Many have a chance to be re-elected on June 9, despite court rulings hanging above their heads like a sword of Damocles: should they be eventually sentenced to prison with final effect, their mayoral positions will be lost as per Hungarian law.
In just a few weeks, Hungary’s party system has been turned upside down by Péter Magyar’s newly founded Tisza Party. According to the current situation, five lists could be sending representatives to the European Parliament, but there is unusually large variation among surveys regarding whether the leading force of the opposition stands behind Péter Magyar or former Prime Minister Ferenc Gyurcsány. An averaging of the polls might bring us closer to the truth.
According to a prominent department head at ELTE, one of the most prestigious state universities, it is clearly solely a matter of political decision whether the state is willing to allocate an amount completely insignificant from a budgetary perspective to address the minimal adjustment of instructors' salaries – which have not shown an increase in the past two years, despite high inflation.