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Hungary Seeks to Set Up New Sovereignty Protection Agency

HUNGARY
  • Prime Minister Orban is seeking new powers to detect and punish what he sees as foreign influences, Bloomberg report. The new Sovereignty Protection Agency will have ample budgetary and institutional support, including from the intelligence services, to identify purported foreign efforts to influence politics, according to a bill filed by Orban’s ruling party late Tuesday. The prime minister will pick the agency’s chief.
  • Lawmakers approved a package of tax changes submitted by the government and also voted to transpose a EU directive on the global minimum corporate tax rate into national legislation, MTI report. The global minimum tax bill will implement a 15% minimum tax rate under a two-part reform of the international tax system led by the OECD.
  • Prime Minister Orban will participate in an on-stage interview in Zurich at 1000GMT/1100CET. There are no major releases on the docket today.
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