Foreign media: The Hungarian government has announced an investigation into a major foreign investment deal involving Chinese electric vehicle manufacturer BYD, following the resignation last week of Hungary's former foreign minister Péter Szijjártó from his parliamentary seat to join BYD as an executive.
During his tenure, Szijjártó secured hundreds of billions of forints in public funding, diplomatic support, and national infrastructure benefits for BYD; his immediate appointment at BYD after leaving office has triggered accusations of conflict of interest.
Hungarian Prime Minister Viktor Orbán said on Monday that all decisions, negotiations, and state commitments related to BYD’s investment during Szijjártó’s time in office would be thoroughly examined—including subsidies, tax reductions, permits, environmental exemptions—and that all preferential policies granted to large multinational corporations during the previous Orban government would also be reviewed, to clarify who made decisions, who prepared documents, which expert warnings were ignored, and what burdens were imposed on Hungarian taxpayers, workers, communities, and the environment.
Original source: toutiao.com/article/1871253929765900/
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