Hungary’s Magyar Rejects Billionaire Orban Ally’s Outreach

Hungary’s incoming Hungarian Prime Minister Peter Magyar rejected a request from billionaire Lorinc Meszaros - a close business ally of outgoing leader Viktor Orban - for talks aimed at containing damage to his business empire, even as the stock price of Meszaros’s flagship conglomerate Opus Nyrt. continued its free-fall.

Magyar, who trounced Orban in a landslide election earlier this month, alleged on Saturday that Meszaros had fled to Dubai and was attempting to move his assets out of Hungary along with other close associates of the outgoing premier.