EconomyLens.com
No Result
View All Result
Wednesday, August 6, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US sanctions top Hungary minister over ‘corruption’

Natalie Fisher by Natalie Fisher
January 7, 2025
in Economy
Reading Time: 5 mins read
A A
4
41
SHARES
514
VIEWS
Share on FacebookShare on Twitter

-. ©AFP

Budapest (AFP) – The United States announced sanctions against the head of Hungarian Prime Minister Viktor Orban’s cabinet on Tuesday for his alleged involvement in corruption. Antal Rogan, a minister who oversees the country’s intelligence services and government communication, has “orchestrated schemes designed to control several strategic sectors of the Hungarian economy and to divert proceeds from those sectors to himself and to reward loyalists from his political party,” said a US Treasury statement.

Related

German factory orders fall amid tariff, growth woes

Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re

German factory orders fall amid tariff, growth woes

Taiwan’s orchid growers dig in as US tariffs shoot up

Steeper US tariffs take effect on many Brazilian goods

“This systemic corruption Antal Rogan represents is affecting Hungary’s decision-making on issues that impact the security of the United States of America and our allies,” US ambassador to Hungary David Pressman told a press briefing. He noted that “private and public efforts to engage the Hungarian government on this issue have been unsuccessful.”

Rogan’s activity is “emblematic of the broader climate of impunity in Hungary where key elements of the state have been captured by oligarchs and undemocratic actors,” US State Department spokesperson Matthew Miller said in a statement. US-Hungary relations have become frosty in recent years, with Washington frequently criticising Budapest over democratic backsliding.

But Orban hopes his “dear friend” US President-elect Donald Trump’s return to office will normalise relations between the NATO allies. “This is the personal revenge of the ambassador sent by the failed US administration to Hungary, who leaves unsuccessfully and in disgrace, against Antal Rogan,” Hungary’s foreign minister Peter Szijjarto said on Facebook. “How good that in a few days’ time the United States will be led by people who see our country as a friend and not an enemy,” he added.

Since Orban’s return to power in 2010, Hungary has fallen from 50th to 76th place in Transparency International’s corruption perception index, ranking last among EU members in 2023. During the same period, the nationalist leader’s inner circle has grown wealthy from public tenders. Orban’s confidant Lorinc Meszaros and his son-in-law Istvan Tiborcz now control large swathes of the economy.

The European Union has frozen around 19 billion euros ($20 billion) in EU funds earmarked for Hungary over alleged corruption in public procurement, among other issues. Budapest has lost access to around one billion euros of the suspended funds. The central European country claims Brussels is withholding the funds to pressure it over its self-described “illiberal” transformation and denies corruption accusations.

The US sanctions against Rogan fall under the Global Magnitsky Human Rights Accountability Act. The action freezes the assets under US jurisdiction of those blacklisted and forbids Americans and US companies from doing business with the targets.

© 2024 AFP

Tags: corruptionpoliticssanctions
Share16Tweet10Share3Pin4Send
Previous Post

Inflation concerns pull rug out from Wall Street rally

Next Post

US sanctions top Hungary minister over ‘corruption’

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Trump says pharma, chips tariffs incoming as trade war widens

August 5, 2025
Economy

Trump signals tariffs on pharma, chips as trade war widens

August 5, 2025
Economy

US trade gap shrinks on imports retreat as tariffs fuel worries

August 5, 2025
Economy

Saudi Aramco profit drops for 10th straight quarter

August 5, 2025
Economy

Saudi Aramco profit drops 22 percent on lower prices

August 5, 2025
Economy

Dutch windmill village churned by overtourism debate

August 5, 2025
Next Post

US sanctions top Hungary minister over 'corruption'

Asian markets mixed after Wall St hit by US inflation fears

Samsung warns fourth-quarter profit to miss forecasts

Indonesia upholds iPhone 16 sales ban after Apple offers $1 bn investment

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

75

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

German factory orders fall amid tariff, growth woes

August 6, 2025

Taiwan’s orchid growers dig in as US tariffs shoot up

August 6, 2025

Markets tick up but traders wary as Trump tariffs temper rate hopes

August 6, 2025

Ozempic maker Novo Nordisk posts strong results but competition weighs

August 6, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.