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#HungaryPolitics
The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 1d

A massive Chinese lithium battery factory under construction in Debrecen, Hungary, has sparked local opposition and political turmoil, contributing to the election defeat of Prime Minister Viktor Orban, as voters expressed concerns over environmental risks and the factory's potential impact on health and infrastructure, prompting a shift in government priorities under the incoming Tisza party that promises to review but not halt the project. #LithiumBattery #ChinaInvestment #HungaryPolitics #CN #HU #RU #UA #US #RS

www.nytimes.com
In Hungary, Voters Exposed the Limits of China's Ties to Orban
The gigantic Chinese lithium battery factory under construction for three years on the edge of Hungary's second biggest city hasn't started production yet.
The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 1d

The $8.5 billion Chinese lithium battery factory under construction in Debrecen, Hungary, has become a focal point of political controversy that contributed to the downfall of Prime Minister Viktor Orban, as local opposition to the factory’s environmental impacts swayed voters towards the Tisza movement, which now promises to scrutinize the project while balancing economic considerations. #LithiumBattery #ChinaInvestment #HungaryPolitics #CN #HU #RU #UA #US #RS

www.nytimes.com
In Hungary, Voters Exposed the Limits of China's Ties to Orban
The gigantic Chinese lithium battery factory under construction for three years on the edge of Hungary's second biggest city hasn't started production yet.
R
Reuters @reuters.com Β· London πŸ‡¬πŸ‡§ Β· 2d

Hungarian police are investigating media mogul Gyula Balasy and his companies for suspected fund misappropriation and money laundering following his offer to transfer ownership of his firms to the state as a new government led by Prime Minister Peter Magyar assumes power, amidst pledges to combat corruption and reclaim state assets. #Corruption #MoneyLaundering #HungaryPolitics #HU

www.reuters.com
Hungary police freeze assets, accounts in probe of Orban-era media mogul
BUDAPEST, May 6 (Reuters) - Hungarian police have said that they are investigating the companies of one of the country's top media players who won lucrative contracts under Viktor Orban's outgoing government, on suspicion of misappropriation of funds and money laundering.