The Hungarian government has submitted a draft law to parliament establishing a National Asset Recovery and Protection Authority.
The new agency is designed to serve as the central instrument for investigating historical corruption cases and reclaiming assets for the state.
This legislative move operationalizes Prime Minister Péter Magyar’s political initiative, dubbed 'Purifying Fire.' The authority’s mandate focuses on uncovering past abuses of public resources and executing recovery actions, marking a structural shift in the country’s approach to post-Orbán era accountability.
The proposal represents a concrete step in Magyar’s broader campaign to distance the current administration from previous governance practices.
By creating a specialized enforcement body, the government aims to signal a decisive break from the past while addressing domestic demands for transparency.
Market participants will monitor the parliamentary process for the bill’s passage and subsequent implementation details.