Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Hungarian minister calls for safeguards in contested transparency bill
    Headlines

    Hungarian minister calls for safeguards in contested transparency bill

    Published by Global Banking & Finance Review®

    Posted on June 5, 2025

    2 min read

    Last updated: January 23, 2026

    Hungarian minister calls for safeguards in contested transparency bill - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:compliancefinancial stabilitypolitical risk insurance

    Quick Summary

    A Hungarian minister advocates for safeguards in a transparency bill targeting foreign-funded groups, amid political debates and protests.

    Hungarian Minister Advocates for Protections in Controversial Transparency Bill

    By Gergely Szakacs

    BUDAPEST (Reuters) -A Hungarian government minister said on Thursday that a new transparency bill targeting foreign-funded groups must not be used for political prosecution and should contain safeguards, highlighting differences within the ruling party over the plan.

    Prime Minister Viktor Orban, in power since 2010, pledged in March to crack down on foreign funding of independent media, opposition politicians and NGOs.

    The bill, submitted to parliament by Orban's nationalist Fidesz party on May 14, would draft a list of organisations that get foreign funding and restrict or even shut them down if deemed to threaten Hungary's sovereignty and its culture.

    Critics say the bill aims to stifle political dissent ahead of a national election due in 2026 when Orban faces an unprecedented challenge from a new opposition party.

    The bill has prompted street protests, while scores of editors from leading European news outlets signed a petition last month calling on Hungary to scrap the bill.

    On Wednesday Fidesz unexpectedly postponed a parliamentary debate on the legislation and said a vote would not take place before the summer recess.

    Regional Development Minister Tibor Navracsics said he backed the original purpose of the legislation to create transparency over the finances of groups influencing public discourse but voiced opposition to some provisions.

    "If we must be drawing up a list (of organisations), then that must be as specific as possible, or the possibility of judicial recourse must be provided," Navracsics, a former justice minister, told the Otpontban political podcast.

    Navracsics, a former European Commissioner, said he also opposed a proposal to strip targeted organisations of the right to receive voluntary income tax donations from the public.

    Navracsics dismissed speculation that Orban would not contest the upcoming election as prime minister but he said the lavish lifestyle of some ruling party politicians and businessmen around Fidesz was "harmful".

    "I do not know if this will be a decisive factor (in the election). However, from my own constituency I know there are indeed people irritated by such levels of wealth inequality," he said.

    (Reporting by Anita Komuves and Gergely SzakacsEditing by Gareth Jones)

    Key Takeaways

    • •Hungarian minister calls for safeguards in transparency bill.
    • •The bill targets foreign-funded groups in Hungary.
    • •Critics argue it suppresses political dissent.
    • •Fidesz postponed debate on the bill until after summer.
    • •Minister Navracsics opposes some provisions of the bill.

    Frequently Asked Questions about Hungarian minister calls for safeguards in contested transparency bill

    1What is the purpose of the new transparency bill in Hungary?

    The transparency bill aims to create a list of organizations receiving foreign funding and restrict or shut them down if deemed to threaten national interests.

    2Who is opposing the transparency bill and why?

    Critics argue that the bill is designed to stifle political dissent ahead of the 2026 national election, especially as Orban faces challenges from a new opposition party.

    3What did Regional Development Minister Tibor Navracsics say about the bill?

    Navracsics supported the bill's intent for transparency but emphasized the need for specificity in the list of organizations and the provision for judicial recourse.

    4What has been the public response to the transparency bill?

    The bill has sparked street protests, and many editors from leading European news outlets have signed a petition urging Hungary to abandon the legislation.

    5What has Prime Minister Viktor Orban pledged regarding foreign funding?

    Orban pledged to crack down on foreign funding of independent media, opposition politicians, and NGOs, indicating a significant shift in Hungary's political landscape.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Exclusive-US plans initial payment towards billions owed to UN-envoy Waltz
    Image for Trump says good talks ongoing on Ukraine
    Trump says good talks ongoing on Ukraine
    Image for France to rally aid for Lebanon as it warns truce gains remain fragile
    France to rally aid for Lebanon as it warns truce gains remain fragile
    Image for Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Exclusive-US aims for March peace deal in Ukraine, quick elections, sources say
    Image for Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Ukraine's Zelenskiy calls for faster action on air defence, repairs to grid
    Image for Olympics-Italy's president takes the tram in video tribute to Milan transport
    Olympics-Italy's president takes the tram in video tribute to Milan transport
    Image for Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
    Image for Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Analysis-Hims' $49 weight-loss pill rattles investor case for cash-pay obesity market
    Image for Big Tech's quarter in four charts: AI splurge and cloud growth
    Big Tech's quarter in four charts: AI splurge and cloud growth
    Image for Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Exclusive-Bangladesh PM front-runner rejects unity government offer, says his party set to win
    Image for Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Azerbaijan issues strong protest to Russia over lawmaker's comments on Karabakh trial
    Image for UK police search properties in probe into Mandelson over Epstein ties
    UK police search properties in probe into Mandelson over Epstein ties
    View All Headlines Posts
    Previous Headlines PostIrish GDP jumps 9.7% q/q on tariff-beating pharma exports to US
    Next Headlines PostEgypt, Greece agree to protect status of Mount Sinai monastery, after court ruling