EconomyLens.com
No Result
View All Result
Friday, June 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

Trump says fresh US-China trade talks in London next week

Eurozone GDP growth revised up to 0.6% in first quarter

Germany faces two more years of recession if US trade war escalates: central bank

India’s central bank cuts rates more than expected to boost growth

Vietnam exports up as US tariff threat lingers

“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

Norway adopts tourist tax to combat overtourism

June 5, 2025
Economy

Trump, Xi hold long-awaited phone call on trade war

June 5, 2025
Economy

US trade gap plummets as Trump tariffs take hold

June 5, 2025
Economy

ECB cuts rate again facing growth, tariff woes

June 5, 2025
Economy

Clean energy investment rising despite economic uncertainty: IEA

June 6, 2025
Economy

China lead mine plan weighs heavily on Myanmar tribe

June 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

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

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

71

Stock markets waver, oil prices edge up

65

EU states look to trim compensation for flight delays

June 6, 2025

Stocks and dollar climb on reassuring US jobs data

June 6, 2025

Trump may get rid of his Tesla after Musk row: official

June 6, 2025

US job market cools but resilient for now despite Trump tariffs

June 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.