Hungary: Government to investigate former foreign minister's involvement in BYD subsidies and permits
"Hungary probes deal with China's BYD carmaker after ex-foreign minister takes job there", 20 July 2026, ABC News
Hungary’s government announced an investigation Monday into a large foreign investment by Chinese automaker BYD negotiated by a former foreign minister who last week resigned from Parliament to take an executive position at the company.
Péter Szijjártó'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 facilitating substantial government subsidies to the company while in office.
“We will examine all the decisions, negotiations and state commitments made by Péter Szijjártó that were related to the BYD Hungary investment,” Magyar said Monday.
He added the investigation would look into all subsidies, tax breaks, permits, environmental exemptions and publicly-funded investments given to large multinational firms during Orbán's tenure.