Hungary's Lake Balaton faces privatization concerns under PM Viktor Orban, leading to gentrification and rising prices.

Hungary's Lake Balaton, a popular vacation destination, is facing concerns of privatization as luxury hotels, apartment blocks, and marinas replace free-entry beaches, campsites, and parks. Critics accuse the Hungarian government, led by Prime Minister Viktor Orban, of allowing private developers with ties to the leader to take over the lake, leading to gentrification and rising prices, threatening traditional tourism.

August 19, 2024
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