With three major acquisitions in a few months, the Hungarian spending spree in the Western Balkans has finally reached Albania.

Since Viktor Orban became prime minister in 2010, Hungarian companies – some of them linked to Orban’s ruling party, Fidesz, and largely benefiting from lucrative government contracts – have invested heavily in Slovenia, Serbia, North Macedonia, Bosnia and Herzegovina and Croatia.

Now they are increasingly looking to Albania, where late last year 4iG bought Albania’s second and third largest telecommunications providers – ONE Telecommunications and ALBtelecom – and the group bank OTP bought the Albanian subsidiary of the Greek bank Alpha.

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