The change in leadership has raised expectations among international businesses that the often abrupt, unconsulted policy changes of recent years could give way to a more stable regulatory environment.
Representatives of the American Chamber of Commerce, one of the largest foreign business groups in the country, signaled that restoring confidence in governance and legal predictability will be critical in the period ahead, according to the report.
The chamber’s membership includes major multinational players such as BlackRock, Cargill, Citigroup, IBM, Mastercard, Microsoft, and Novartis, underscoring the weight of its voice in shaping investor sentiment.
Magyar secured victory in the April election on a platform that emphasized closer alignment with the European Union and the unlocking of suspended EU funds, which are seen as vital to reinvigorating the economy.
Business leaders argue that Hungary’s investment appeal now hinges on rebuilding trust in institutions and ensuring a transparent, rules-based economic framework. The previous administration frequently introduced major legislative changes at short notice and imposed sector-specific taxes, moves that added to perceptions of regulatory risk, the report noted.
“Capital hates one thing more than tax, and that is unpredictability,” said AmCham President Ákos Janza. “It is absolutely important for us and for our member companies that the rule of law becomes the single driving framework in the economy.”
Among the policy signals welcomed by investors is Magyar’s openness to eventual euro adoption, a step that could reduce currency volatility and lower transaction costs. The prospect marks a departure from the stance of the outgoing government and is viewed as a potential anchor for long-term stability.
Concerns over policy consistency have already been reflected in Hungary’s credit outlook. S&P Global revised the country’s rating outlook to negative last year, citing weakening institutional checks and reduced predictability in policymaking. Fitch Ratings has similarly highlighted the need to restore fiscal credibility, pointing to repeated budget revisions and shifting policy priorities.
At the same time, early market reactions to the election result have been positive, with the forint strengthening in its aftermath.
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