Orbán’s oligarchs on edge as Hungary poised to launch wealth tax
Key points
- In a dimly lit television studio, one of Hungary’s richest men is on the verge of tears.
- It is early May, weeks after the general election that ended Viktor Orbán’s 16-year grip on power, and the mogul Balásy Gyula has an announcement to make.
- Gyula tells the interviewer that he has just surrendered his businesses to the state, along with a chunk of his private savings.
- He has even brought along a notarised deed – a legal document setting out the change of ownership.
- “In the current situation, I don’t think that our group of companies has a future,” he says.
Quick Summary
In a dimly lit television studio, one of Hungary’s richest men is on the verge of tears. It is early May, weeks after the general
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Orbán’s oligarchs on edge as Hungary poised to launch wealth.
Key Takeaways
- In a dimly lit television studio, one of Hungary’s richest men is on the verge of tears.
- It is early May, weeks after the general election that ended Viktor Orbán’s 16-year grip on power, and the mogul Balásy Gyula has an announcement to make.
- Gyula tells the interviewer that he has just surrendered his businesses to the state, along with a chunk of his private savings.
- He has even brought along a notarised deed – a legal document setting out the change of ownership.
- “In the current situation, I don’t think that our group of companies has a future,” he says.
📌 Source: The Guardian
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