The state-owned Hungarian Development Bank provided 166 million euros in loans to PM Orbán’s son-in-law and his business partners. It almost fully covered the purchase of one of Budapest’s landmark hotels by one of the richest Hungarians.
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The big winners of favorable state loans in Hungary? Viktor Orbán’s son-in-law and his circle
Inside the secrets of the Orbán family’s businesses
Viktor Orbán claims that he does not have any savings, but his family members have earned millions of euros in recent years, partly from public money from the Hungarian state and the European Union. We explain how we investigated the businesses of Orbán’s family in an animated video.
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Orbán’s son-in-law and his associates among beneficiaries of favorable state COVID-loans
The loan for small- and medium-sized companies was announced by governor of Hungary’s Central Bank György Matolcsy at the beginning of the COVID-19 pandemic. Only a few received loans as high as István Tiborcz and two of his associates.
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The mine of the Orbán family pays the highest dividend among its competitors
According to the latest data available, Dolomit Kft. paid 1,8 billion forints (4,98 million euros) as dividends in 2019, which is more than the thirteen times more than the sectorial average.
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Until now, Orbán’s family has stayed away from public procurements. Now the company of his brother won a lucrative one
Gamma Analcont, a company minority owned by one of Viktor Orban’s younger brothers, won a high-value public procurement for the remote monitoring of gas-networks of E.ON.
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Orbán’s father offers building materials for a much higher price than the competition
Dolomit Kft. participates in state projects despite selling some of its products 60-70 percent more expensive than its main competitors.
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“Don’t even try, sweetie, because I’m running out of patience” – We asked Viktor Orbán’s father about his involvement in state projects
The mining company of Hungarian PM’s father, Győző Orbán delivered building materials for major railway and road constructions, but he only wanted to talk about the beautiful autumn weather.
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Orban’s father was involved in controversial road construction
Not only the European Union, but also the Hungarian government criticized the project for being too expensive. This did not stop the mining company of the PM’s father to benefit from it.
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Businessman linked to the Orbán family has expanded his footprint in city of Hungary’s nuclear plant
Roland Sebestyén has business relations with the family of Anikó Lévai, the wife of PM Viktor Orbán. Companies linked to him received contracts in the value of 6.2 million euros in Paks.
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Links tighten between Orbán’s brother and a businessman who keeps winning public tenders
Gábor Szentgyörgyi has a common business with the son-in-law of the prime minister’s brother, and one of his business interests opened a branch on a property owned by a company of the Orbán family.
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This is how the mining company of Viktor Orban’s father became more profitable than its major competitors
The mining company of Viktor Orbán’s father has been involved in several major public construction projects in recent years and it has become one of the most successful companies in the market. Last year, it outperformed all of its major competitors in one important aspect: Győző Orbán’s company achieved the highest profit margin.
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A man close to Viktor Orbán’s brother was the head of a department at the tax office. His department was dissolved after we reported about it
Tamás Balogh, an acquaintance of Orbán Győző Jr. became the head of the department in charge of major procurements at the tax office, while his other acquaintance won high-value public tenders from the same authority. After we revealed their relationship, the tax authority was restructured, Balogh is not a head of department any more.
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Companies dominate public lighting in Serbia with controversial Hungarian methods
After winning public lighting tenders in Hungary, Elios, a company previously owned by the son-in-law of Hungarian PM Viktor Orbán, started expanding internationally. In Serbia, companies linked to Elios have been participating in 12 public lighting tenders, with some partners that are connected to Serbia’s political elite.
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How public money keeps flowing to Orban’s family through Hungary’s new tycoon
Hungarian Prime Minister Viktor Orban keeps repeating that he doesn’t deal with business issues. The companies of his family members, however, are benefitting from EU-funded constructions that are carried out by the business empire of Lorinc Meszaros, a friend of the PM. We explain their business relationship in a short video.
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How people close to Viktor Orbán’s brother became key players in major procurements of Hungary’s tax authority
An acquaintance of Orbán Győző Jr. became the head of the department in charge of major procurements at the National Tax and Customs Authority (NAV), while his other acquaintance has won high-value public tenders from the same authority. The three men know each other through wrestling.
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People close to Viktor Orbán began to take over his fallen enemy’s empire
A lawyer with ties to Viktor Orbán and his closest business ally bought an agricultural company of Lajos Simicska, who fought a long and unsuccessful campaign against Orbán before this year’s parliamentary election.
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Heavy traffic at the stone mine of Viktor Orbán’s father reveals new details of the mysterious business operation
Many trucks carrying products of the mine belong to a company that has been winning lucrative state construction contracts in recent years.
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Company of Orbán’s son-in-law moved into a luxury villa owned by influential businessmen
The move is another sign of the increasingly close relationship between the prime minister’s family and the country’s business elite.
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Orbán’s son-in-law extends his influence over major real estate company
István Tiborcz now owns more than 75 percent of the company, which has a high-value real estate portfolio, according to company records reviewed by Direkt36.
Continue readingBusinessman winning state contracts watched football match with Viktor Orbán
Gábor Szentgyörgyi’s company does not even have a functioning website but it has been winning lucrative state contracts in recent years.
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