Nationalized v Cronyfied – Which Is Worse?

Meanwhile in Budapest

According to OECD statistics, the share of the state in the economy in Hungary is large but largely in line with other countries. But when it comes to the number of companies owned by the state, Hungary is leading the pack by a gigantic margin.

But state-owned enterprises (SOEs) are just part of the story. PM Orbán has an explicit goal to cement himself and his cronies in economic power as well as to increase the influence of the governing Fidesz party in the economy.

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