• Hungarian police have launched an investigation into companies owned by media mogul Gyula Balasy, a close associate of outgoing Prime Minister Viktor Orbán.
  • The companies are suspected of embezzlement and money laundering, and their accounts have been frozen.
  • Balasy has offered to hand over his companies to the state ahead of the new government under Péter Magyar.
  • Balasy’s companies received state contracts worth 295 billion forints (€820 million) between 2019 and 2021.
  • Magyar has vowed to dismantle Orbán’s media empire and end state propaganda.
  • TISZA’s election platform includes new media laws and a moratorium on state advertising.

Sources & Links