Péter Szijjártó resigns to join Chinese auto giant BYD, prompting criticism from Péter Magyar.

Péter Szijjártó resigned from his parliamentary seat to take an executive role with Chinese electric vehicle maker BYD, prompting immediate criticism regarding state subsidies. Péter Magyar, the new prime minister, accused Péter Szijjártó of having "long represented foreign interests." The former foreign minister stated he accepted a prestigious offer to manage external relations for the global auto company. Péter Magyar criticized the move, suggesting Péter Szijjártó had previously lobbied for substantial Hungarian state subsidies for BYD while in office. While serving in the government, Péter Szijjártó was instrumental in securing foreign investment, including the agreement for BYD to establish its first European factory in Hungary. The shift highlights ongoing economic ties between Hungary and China amidst growing European trade tensions. The administration has faced scrutiny over its engagement with Beijing, as the EU navigates trade deficits. The move marks a significant transition for Péter Szijjártó, concluding his decades-long career in Hungarian politics.

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