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Hungary's wealthy flee after Orbán's electoral defeat

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Hungary's wealthy flee after Orbán's electoral defeat
Key Points
  • Wealthy Hungarians are fleeing the country with their money after Orbán's electoral defeat.
  • New leader Peter Magyar is calling for immediate action to stop capital flight.
  • Hungary is ranked as the EU's most corrupt nation alongside Bulgaria, contributing to public discontent.

Many of Hungary's richest people are reportedly leaving the country and transferring their assets abroad following Viktor Orbán's election loss. Election winner Peter Magyar has urged authorities to immediately stop the capital flight, local media reported. Over the years, numerous individuals with close ties to Orbán amassed significant wealth, according to investigative reports.

Hungary, along with Bulgaria, is considered the EU's most corrupt country, according to Transparency International's Corruption Perceptions Index. The widespread graft has been a central issue in the recent election campaign.

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Financial Times - WorldSveriges Radio Nyheter
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Hungary's wealthy flee after Orbán's electoral defeat | Reed News