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Hungarian Tycoon's Political Shift Echoes Wider Trend in Business Sphere

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BNN Correspondents
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Hungarian Tycoon's Political Shift Echoes Wider Trend in Business Sphere

Renowned Hungarian real estate tycoon, Daniel Jellinek's political stance has been undergoing a notable transformation over recent years. Once a firm advocate of maintaining distance from government-affiliated individuals, Jellinek's viewpoint altered post-2018. The past few years have witnessed him associating increasingly with NER oligarchs, reaping significant state support in the process.

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Jellinek's Shift: Business or Politics?

This trend isn't isolated to Jellinek. Many domestic entrepreneurs have felt compelled to align their interests with political powers. This shift is evident in Jellinek's case through his connections, particularly his financial transactions with István Tiborcz, a member of the Prime Minister's family.

(Read Also: Indotek Group Buys 47% Stake in Auchan Hungary, Opening New Market Opportunities)

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The Impact on Hungarian Business Sphere

This article analyzes Jellinek's situation and the prevalent trends in the Hungarian business sector. A key observation is the acceptance by entrepreneurs of the economic order established since 2010. They strive either to remain under the radar or integrate into the system to survive and thrive.

(Read Also: Hungary’s Invisible Puppet Masters: The Rise of Preferential Dividend Shares)

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An Unavoidable Transformation?

The changing dynamics between business and politics in Hungary signal an inevitable transformation. Entrepreneurs are now navigating their ventures through a landscape that has been significantly reshaped by political influences.

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