Zoltan Simon

1 week ago | bloomberg.com | Zoltan Simon

The annual Pride event in Budapest in 2023. (Bloomberg) -- A senior minister said Hungary’s police have the right to ban a Pride parade scheduled later this month, in response to an attempt by Budapest’s mayor to organize it under the capital’s auspices. “Authorities need to be notified about all public gatherings and police can ban them,” Cabinet Minister Gergely Gulyas told reporters on Wednesday.

1 week ago | bloomberg.com | Zoltan Simon

Budapest’s mayor Gergely Karacsony speaks during a Pride celebration in Brussels in May. (Bloomberg) -- Budapest’s mayor said the Hungarian capital would organize this year’s Pride parade under its own auspices to shield it from attempts by national authorities to ban the LGBTQ event. The announcement by mayor Gergely Karacsony, a prominent critic of Prime Minister Viktor Orban, followed a police decision earlier this month to reject a petition to hold the annual parade in Budapest.

2 weeks ago | news.bloombergtax.com | Zoltan Simon |Marton Kasnyik

Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding. These include ownership in local units of defense firms such as Rheinmetall AG and Airbus Helicopters.

2 weeks ago | news.bloomberglaw.com | Zoltan Simon |Marton Kasnyik

Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding. These include ownership in local units of defense firms such as Rheinmetall AG and Airbus Helicopters.

2 weeks ago | bloomberg.com | Zoltan Simon |Marton Kasnyik

4iG Nyrt headquarters in Budapest, Hungary. (Bloomberg) -- Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding.