What will the Hungarian New Deal be like?

Hungarian Prime Minister Péter Magyar discussed a potential New Deal during a parliamentary speech, hinting at a restructuring of economic agreements and practices. This concept, reminiscent of F.D. Roosevelt's 1933 program, suggests a shift towards supporting small and medium enterprises (SMEs) while addressing corruption and inequities favoring large corporations. The government aims to create a fairer business environment, urging entrepreneurs to engage in rebuilding efforts ethically. However, experts argue that merely redistributing power among elites won't suffice; a comprehensive overhaul of the system is necessary to combat entrenched corruption and improve competitiveness. The article emphasizes the need for genuine reform to restore Hungary's economic standing and transparency, which has declined significantly in recent years.