Orban Spooks Investors by Micromanaging Hungary’s Economy

Hungarian Prime Minister Viktor Orban’s cabinet is once again unnerving investors by intervening in swathes of the economy from banking to fund management before next year’s elections.

Stocks in Budapest suffered their biggest two-day decline in almost eight months after Economy Minister Marton Nagy proposed freezing costs that banks charge clients, while also urging “voluntary” price cuts by telecommunication companies and limiting margins by food retailers.