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Hungary investigates deal with China’s BYD after ex-foreign minister takes job there

·15h

Hungary’s government announced an investigation on Monday into a large foreign investment by Chinese carmaker BYD negotiated by a former foreign minister who last week resigned from parliament to take an executive position at the company. Peter Szijjarto’s announcement last Wednesday that he would take the job at the world’s top electric carmaker prompted accusations of a conflict of interest and criticism over his role in organising substantial government subsidies to the company while in...

TickersBYDChannelsbanks, semiconductors, stocksCountrieschina, asia, usaCategoriesmergers-acquisitions
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Published
7/20/2026, 4:51:51 PM
Fetched
7/20/2026, 6:07:20 PM
Confidence
60 / 100
Relevance
52 / 100
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Language
en