The China Mail - Website for boycotting oligarchs gains traction in Hungary

USD -
AED 3.672504
AFN 64.503991
ALL 81.046102
AMD 360.780113
ANG 1.789785
AOA 917.000367
ARS 1523.143125
AUD 1.433486
AWG 1.8025
AZN 1.70397
BAM 1.745704
BBD 2.012675
BDT 123.586379
BGN 1.747831
BHD 0.377114
BIF 2995.403222
BMD 1
BND 1.277279
BOB 11.766859
BRL 4.965204
BSD 0.999331
BTN 94.818583
BWP 13.766234
BYN 2.934172
BYR 19600
BZD 2.009729
CAD 1.40025
CDF 2316.000362
CHF 0.825078
CLF 0.025212
CLP 986.459589
CNY 6.67805
CNH 6.670604
COP 3171.419646
CRC 456.018209
CUC 1
CUP 23.982684
CVE 98.420137
CZK 21.719504
DJF 177.944392
DKK 6.67165
DOP 61.293346
DZD 134.335699
EGP 55.079216
ERN 15
ETB 162.538225
EUR 0.89267
FJD 2.237204
FKP 0.747807
GBP 0.747692
GEL 2.590391
GGP 0.747807
GHS 11.586558
GIP 0.747807
GMD 74.000355
GNF 8843.664926
GTQ 7.638684
GYD 209.291739
HKD 7.84235
HNL 26.828223
HRK 6.728204
HTG 130.968001
HUF 327.370388
IDR 18093.85
ILS 3.10555
IMP 0.747807
INR 94.945504
IQD 1514.883742
IRR 1832375.000352
ISK 121.780386
JEP 0.747807
JMD 158.593297
JOD 0.70904
JPY 156.860385
KES 129.754095
KGS 87.448604
KHR 4082.652742
KMF 439.503794
KPW 899.999961
KRW 1323.525039
KWD 0.31069
KYD 0.832775
KZT 453.715357
LAK 22486.722899
LBP 89486.053465
LKR 331.81595
LRD 170.375329
LSL 16.556076
LTL 2.95274
LVL 0.60489
LYD 6.399786
MAD 9.815504
MDL 18.037221
MGA 4519.123488
MKD 54.987281
MMK 2100.106238
MNT 3599.160205
MOP 8.073191
MRU 39.936627
MUR 47.160378
MVR 15.460378
MWK 1732.762083
MXN 18.668404
MYR 4.085304
MZN 63.903729
NAD 16.556076
NGN 1332.060377
NIO 36.774222
NOK 9.35739
NPR 151.709734
NZD 1.750854
OMR 0.38297
PAB 0.999241
PEN 3.431874
PGK 4.475387
PHP 63.618038
PKR 276.527424
PLN 3.92999
PYG 5779.443924
QAR 3.642612
RON 4.779804
RSD 104.87794
RUB 80.331771
RWF 1476.413621
SAR 3.753249
SBD 8.07458
SCR 13.982238
SDG 601.503676
SEK 9.931804
SGD 1.276904
SHP 0.7473
SLE 22.950371
SLL 20969.504398
SOS 571.07154
SRD 37.628038
STD 20697.981008
STN 21.868166
SVC 8.743696
SYP 13001.999685
SZL 16.555541
THB 33.770369
TJS 9.208462
TMT 3.51
TND 2.983978
TOP 2.40776
TRY 49.703804
TTD 6.789842
TWD 32.585804
TZS 2645.601821
UAH 45.239791
UGX 4402.195742
UYU 40.076762
UZS 11958.762887
VES 879.788904
VND 25842.5
VUV 118.622996
WST 2.767791
XAF 585.553409
XAG 0.018551
XAU 0.000250266221
XCD 2.70255
XCG 1.800955
XDR 0.707052
XOF 585.553409
XPF 106.448878
YER 236.103589
ZAR 16.57373
ZMK 9001.203584
ZMW 20.091043
ZWL 321.999592
SSP 5745.299755
MXV 2.106972
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Website for boycotting oligarchs gains traction in Hungary
Website for boycotting oligarchs gains traction in Hungary / Photo: © AFP

Website for boycotting oligarchs gains traction in Hungary

It may be just one of many fashionable hotels in the Hungarian capital, but for anti-corruption activist Attila Juhasz, the Alice Hotel symbolises the capture of the tourism industry by an elite that has enriched itself under Prime Minister Viktor Orban.

Text size:

"One of the owners is a commercial partner of (Orban's son-in-law) Istvan Tiborcz," Juhasz, a bearded 30-year-old in a yellow parka coat, told AFP.

To increase awareness Juhasz's corruption watchdog "K-Monitor" created a tourist guide with a difference, an interactive map nerhotel.hu that lists addresses to avoid in Budapest.

It includes the Alice Hotel, housed in a neo-renaissance building on Budapest's prestigious Andrassy boulevard, lined with 19th century palaces.

According to Juhasz the map lets people check if their tourist spending is flowing to "politically exposed figures".

In three years more than 400 addresses have been added to the map, most located in parts of the historic centre of Budapest that form a UNESCO World Heritage site.

Between 3,000 and 3,500 unique visitors view the map every month.

"People constantly ask us to check new addresses," said Juhasz, adding that an English version is on the way.

The Alice Hotel and two other popular addresses, Cafe Opera and Hotel Moments, did not reply to requests for comment by AFP.

- 'Wealth accumulation' -

Since Orban returned to power 12 years ago in this EU member nation of 10 million people, Brussels and several NGOs have often alleged corruption among circles close to the government.

Worried by the wastage of EU funds, the bloc has so far refused to unlock some 7.5 billion euros for Hungary scheduled for the coming years. Budapest has started to implement a range of anti-corruption measures to get the money.

The pandemic recovery fund given to EU members has also been blocked. A discussion on those funds will take place on November 22, according to a source in Brussels.

The EU anti-fraud office OLAF recommended in a European Parliament report in September that the European Commission recover 2.2 percent of funding given to Hungary between 2016 and 2020.

That figure is well above the EU average of 0.29 percent and is the highest among the bloc's 27 members.

"Since 2010, out of nowhere several individuals have become the richest men in the country," said Marta Pardavi, who co-heads the Hungarian Helsinki Committee rights group.

"Their lifestyle is way beyond the average Hungarian's, and displays a rapid accumulation of wealth that is hard to justify," said Pardavi.

With a recession looming, due in part to the war in neighbouring Ukraine, the "very visible enrichment" of oligarchs lies in stark contrast to the "rundown public health and education systems," she said.

There is a direct link between the diversion of public money and the increase in economic misery as inflation hits record highs, according to Peter Akos Bod, a former Hungarian central bank governor.

"If the winner of a public tender overcharges for his project and pockets the difference, it drives up the score," said Bod, who now works at the Corvinus university in Budapest.

- 'Hungarian entrepreneur class' -

Dismissing corruption claims, Orban insists that capital should be in the hands of a homegrown "class of Hungarian entrepreneurs" rather than profiteering multinationals.

But by "converging funds toward friendly circles" he created a "over centralised crony capitalism" that is no longer a "classical western market economy," said Bod.

After a swathe of bank takeovers, Budapest itself recently waded into the telecommunications sector, buying the Hungarian branch of British giant Vodafone.

At the same time, entire sectors of the economy including the powerful car industry -- dominated by German and Japanese firms -- have escaped the power grab.

In what was widely seen as a gesture of goodwill in response to EU concerns, the government annulled in September an EU-financed public tender for heritage promotion.

Worth 138 million forints (342,000 euros), the tender was won by two Hungarian communications agencies, the only candidates in contention.

G.Fung--ThChM