Hungary: Expropriation of Foreign Farmers

People ♦ Published: March 7, 2013; 10:53 ♦ (Vindobona)

Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.

Hungary: Expropriation of Foreign Farmers / Picture: © Flickr / European People's Party - EPP

Already in April last year, the Hungarian government planed to abolish property ownership for foreigners. “We will protect our Hungarian land against foreign speculators and bankers” Orban announced. The new property act should prevent the acquisition of Hungarian land by foreigners. In the last two decades, many foreigners acquired agricultural land via Hungarian “straw men” as…