Tue 30 Jun 2026
FTSE 100 10,516.37 +0.84%Microsoft 370.52 -0.92%NVIDIA 198.16 -0.94%Apple 288.92 -1.83%Google 352.97 +1.99%S&P 500 7,478.37 +1.53%Nasdaq 26,097.95 +2.00%Dow 52,266.22 +1.16%Russell 2000 3,018.99 +1.46%US 10Y Treasury 4.41% +0.09%Euro Stoxx 50 6,324.62 +1.77%DAX 24,975.07 +0.33%AEX-Index 1,080.27 +1.40%Nikkei 225 70,062.32 +1.28%Hang Seng 22,881.02 -1.95%Gold $4,044.30 +0.34%Silver $60.24 +3.24%Brent Crude Oil $73.62 -2.18%Natural Gas $3.32 -0.84%Copper $6.27 +3.29%GBP/USD 1.3266 +0.50%GBP/EUR 1.1609 +0.11%GBP/AUD 1.9178 +0.48%Bitcoin (USD) $58,301 -2.86%Ethereum (USD) $1,563 -0.88%FTSE 100 10,516.37 +0.84%Microsoft 370.52 -0.92%NVIDIA 198.16 -0.94%Apple 288.92 -1.83%Google 352.97 +1.99%S&P 500 7,478.37 +1.53%Nasdaq 26,097.95 +2.00%Dow 52,266.22 +1.16%Russell 2000 3,018.99 +1.46%US 10Y Treasury 4.41% +0.09%Euro Stoxx 50 6,324.62 +1.77%DAX 24,975.07 +0.33%AEX-Index 1,080.27 +1.40%Nikkei 225 70,062.32 +1.28%Hang Seng 22,881.02 -1.95%Gold $4,044.30 +0.34%Silver $60.24 +3.24%Brent Crude Oil $73.62 -2.18%Natural Gas $3.32 -0.84%Copper $6.27 +3.29%GBP/USD 1.3266 +0.50%GBP/EUR 1.1609 +0.11%GBP/AUD 1.9178 +0.48%Bitcoin (USD) $58,301 -2.86%Ethereum (USD) $1,563 -0.88%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 24°C SunnyBirmingham 23°C Partly cloudyManchester 20°C Light rainNewcastle 19°C Partly cloudyBristol 20°C Light rainPembroke 19°C OvercastEdinburgh 16°C Partly cloudyBelfast 19°C Partly cloudyInverness 17°C OvercastPenzance 19°C Patchy rain possibleHolyhead 18°C CloudyNorwich 26°C Partly Cloudy
More Info

Hungary’s New Government Launches Anti-Corruption Drive

Advertisement
Follow News in 60 on Facebook

Hungarian Prime Minister Peter Magyar is swiftly dismantling the legacy of Viktor Orban, focusing on anti-corruption reforms and media independence. His initiative, dubbed “Operation Purgatory,” aims to eradicate the entrenched corruption that flourished under Orban’s rule, where public assets were funneled into private hands through opaque foundations.

One of the first significant actions taken by Magyar’s government was the approval of laws to abolish public interest asset management foundations, which were pivotal in Orban’s kleptocratic system. This move is crucial for Hungary to unlock approximately €17 billion in EU funding that was previously frozen due to corruption concerns.

Additionally, Magyar’s administration is reforming the media landscape, which had become a propaganda tool during Orban’s tenure. New regulations will ensure that public service media operate independently, promoting diverse viewpoints rather than solely those of the ruling party.

The government’s commitment to transparency is further underscored by empowering the Integrity Authority and tightening asset declaration rules for politicians. These changes signal a significant shift in Hungary’s governance, aiming to restore democratic norms and accountability in public service, ultimately reshaping the political landscape for years to come.

Source: DW News

Read more Money news →

News Category: Money Tags: corruption, democracy, hungary, media, reform

Leave a comment

Your email address will not be published. Required fields are marked *