Corruption Probes Deepen, Court Upholds Presidential Amendment
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New allegations of financial misconduct targeting Fidesz-linked individuals and entities have surfaced, with reports detailing state contracts for a company linked to a former Fidesz associate and significant public funds disbursed to another. This comes as the government introduces an interactive map to enhance transparency of civil organization funding, and the European Anti-Fraud Office (OLAF) launches an investigation into a Hungarian university over financial irregularities. [cite: 2, 3, 24.hu, 444, HVG, Telex]
In a significant legal development, the Constitutional Court has upheld the 17th constitutional amendment, affirming the legal basis for the recent change in presidency. This ruling coincides with the impending swearing-in of President-elect András Baka on August 19, following the interim presidency of Ágnes Forsthoffer, as the country continues its political transition under Prime Minister Péter Magyar. [cite: 2, 7, 8, 15, 18, 20, 22, 23, 24.hu, 29, 30, 35, 36]
Further domestic news includes a major construction company, Duna Asphalt, repaying nearly 60 billion forints in advance to the state, and the controversial head of public media departing with a substantial severance package. The Hungarian Forint has also weakened significantly against major currencies. [cite: 24.hu, 444, HVG]