The new Hungarian government of Peter Magyar is facing growing accusations that it is using the fight against corruption and the announced return of state property as a basis for a showdown with companies linked to the previous government of Viktor Orbán.
The conservative newspaper Magyar Nemzet assesses that this is a matter of “revengeful rule”, which could lead to a halt in investments, a violation of legal certainty and a threat to jobs. An example is the decision of the Hungarian Development Bank to exclude the company Opus Titas from the programs for the development of the electricity grid and the installation of smart meters, financed through the European Recovery and Resilience Mechanism.
The company claims that it had previously successfully passed the eligibility and transparency check, after which its offer was also professionally assessed. On August 6, they were asked for documents necessary for concluding the contracts, but were then further excluded due to alleged failure to meet the transparency requirements.
Opus Titas believes that changing the rating after the end of the procedure calls into question the predictability of the entire system and could leave consumers in eastern Hungary without planned investments in the electricity grid.
The 4iG group has also come under fire. Prime Minister Magyar announced that the government would review all its contracts with the state and that it would seek to return money and assets that it believes belong to Hungarian citizens.
4iG responded that its operations, the company’s development, transactions and concluded contracts have always been in accordance with Hungarian and European law and have been subject to appropriate legal, financial and management controls.
The government presents the audits as necessary measures for greater transparency and protection of public funds. Its critics, however, warn that retroactively changing the conditions and targeting companies linked to the previous government could create the impression that political affiliation is becoming more important than economic results.
The key question is whether Hungary is truly conducting an impartial clean-up of possible abuses or whether, under the name of transparency, it is starting an economic and political showdown that will ultimately be paid for by companies, workers, and citizens.
The post Hungary: Magyar accused of singling out companies for revenge attacks appeared first on Republika English.
Hungary: Magyar accused of singling out companies for revenge attacks 2026
IUSTITIA.BG – Investigations 2009-2026 2026-08-25 22:08:55
Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
