None
EN
Life after Orban: Hungary Inc digs in as new political era takes hold
['Gergely Szakacs', 'Michael Kahn', 'August', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Some firms, analysts said without naming specific companies, would likely not survive in the new era.
"We must and will adapt," Sandor Scheer, founder and chief executive of Market Epito, one of Hungary's biggest construction companies, told Reuters.
The firm, linked to Orban ally and magnate Istvan Garancsi, has generated a quarter of its revenue from public contracts, including high-profile football stadiums.
Those most at risk, analysts say, are firms that fed off public infrastructure procurements, but will now compete with newcomers for a share of government funds.
A survey by Hungarian anti-graft think tank CRCB published shortly before the April election found what it called "clear evidence of political favouritism" in public procurement.