A day after declaring a state of emergency, Hungarian leader Viktor Orban said on Wednesday that big companies operating in the country, including energy companies, would be forced to turn over “extra profits” to the state to fund subsidies. Banks, retailers, airlines, energy companies and all other large corporations in Hungary will be obliged to pay a “large part of their extra profits” to the state this year and next, Orban said in an announcement made on Facebook . The “windfall taxes” would be placed into state funds to help subsidize soaring food and energy prices and consumer energy bills, as well as to prop up Hungarian defenses amid Russia’s war on Ukraine. More details are expected on Thursday. Orban’s announcement comes a day after a declaration of emergency on Tuesday, the same day that the new Hungarian government assumed office. Hungary’s Fidesz ruling party, in control of parliament, […]