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New Economic Leader Proposes Revitalizing Hungary Ahead of Election

1/20/2026

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Summary

Story summary

Peter Magyar appointed Istvan Kapitany, a former Shell executive, to a senior economics role ahead of April 12 election against Viktor Orban.
Kapitany says Hungary should revive the economy by releasing EU funds and boosting small-business competition, not large manufacturing.
He criticizes Orban's unpredictable policies and windfall taxes, saying restoring investor confidence is crucial.
Kapitany aims to improve Hungary's economic performance while addressing corruption as a major barrier to business.

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Story summary

Peter Magyar appointed Istvan Kapitany, a former Shell executive, to a senior economics role ahead of April 12 election against Viktor Orban.
Kapitany says Hungary should revive the economy by releasing EU funds and boosting small-business competition, not large manufacturing.
He criticizes Orban's unpredictable policies and windfall taxes, saying restoring investor confidence is crucial.
Kapitany aims to improve Hungary's economic performance while addressing corruption as a major barrier to business.