In a statement likely targeted more at local voters than at assuring foreign investors that Hungary is business friendly, Hungary’s economics minister György Matolcsy has said Hungary is losing a great deal of revenues because of foreign monopolies and tax evasion. He estimated the national budget was HUF 3 trillion in the hole thanks to such dirty practices. This left the country with the task of plugging, cutting out hyper-regulation, changing people’s attitudes towards work and exploiting the potential of economic growth.
