Budapest: Hungarian firms and business magnates who leveraged ties to Viktor Orban to build sprawling empires are pivoting to smaller projects as a new ruling party moves to stamp out alleged cronyism.
Reuters spoke to around a dozen former officials, companies and analysts who said billionaires among Orban's inner circle were rethinking operations under new Prime Minister Peter Magyar, whose election victory in April ended Orban's 16-year rule. Some firms, analysts said without naming specific companies, would likely not survive in the new era.
