Until last autumn, Nikolay Kosov headed the International Investment Bank, which is leaving Hungary. According to documents obtained by Direkt36, the Russian banker, who has since been hit by US sanctions, was planning to transfer his family’s assets to Dubai.
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Bracing for US sanctions, Russian financier in Budapest was busy securing personal offshore assets, leaked documents reveal
Before the Hungarian government exited the Russian bank, it was helped out by a government-close financial institution
According to internal documents obtained by Direkt36, OTP closed the accounts of the International Investment Bank after the outbreak of the war. Followingly, the Russian-dominated financial institution turned to the government-close MKB to open a new account.
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“We need to pressure” the Hungarians – Leaked documents reveal collapse of Russian-led bank in Budapest
Internal documents obtained by Direkt36 reveal that the Hungarian government has become one of the strongest backers of the Russian-dominated International Investment Bank, which was brought to the brink of collapse by the war against Ukraine.
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We looked into the contracts signed by the Hungarian government with “Mr. Russia”
Direkt36 looked into the content of consultancy contracts that the Hungarian government signed last year with Klaus Mangold, an influential German businessman dubbed Mr. Russia for his Russian relations. These showed among others that he was entitled for a lucrative success fee in exchange for his assistance in the buy-back of the Budapest Airport.
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Russian spy chief’s son has a Budapest home address. In the company property of an old friend of Orbán’s chief of staff
Official document shows that Andrey Naryshkin, who acquired residency permit in the Hungarian golden visa scheme, had his registered home address in a property owned by pro-government businessman Shabtai Michaeli’s company just a few months ago. According to the government, Naryshkin’s residency permit was revoked by the counterintelligence service two years ago, but the case was stalled in court.
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Inside Viktor Orbán’s Response to the War in Ukraine
Viktor Orbán came home from his talks with Vladimir Putin saying that he did not expect war. When it did break out, there was some wavering on the continuation of the government’s pro-Russian policy, but in the end, there was no change of direction because of the importance of Russian natural gas as well as longtime anti-Western sentiments.
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A 10 legfontosabb részlet az Orbán háborús döntéseiről szóló tényfeltáró cikkből
Mi érdekelte Putyint, amikor februárban találkozott Orbánnal? Miért látta lehetőségnek a háborút Rogán a kampányban? Miért nézi rossz szemmel az USA-t a magyar miniszterelnök? Itt vannak a nyomozásunk legizgalmasabb részletei.
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Western allies puzzled by Hungary’s mild reaction to Russian hacking
Russia’s hacking of the Hungarian foreign ministry is a concern for the EU, and the U.S. has already warned Hungary and other allies about the dangers of Russian cyberattacks. The Orbán government could in principle ask for EU help to tackle the problem, but there is no sign so far that it will do so.
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Sinking ground on the Paks II nuclear power plant site could further delay the project
The Hungarian authority assessing the plans of Russian Rosatom will have to make a decision whether safe construction above a fault line which is vulnerable to earthquakes is possible.
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Putin’s hackers gained full access to Hungary’s foreign ministry networks, the Orbán government has been unable to stop them
Russian state actors hacked into the Hungarian Foreign Ministry’s computer network compromising internal correspondence and even a secure network that transmits classified information. The recurring cyberattacks over the past decade were kept quiet by the Orbán government, and have not been successfully countered. With the help of internal documents and background interviews, Direkt36 exposes Russian cyber espionage against Hungary’s MFA.
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Spies, business deals and criminals. How Orbán favors Russian interests instead of Western ones
In the past 12 years, Prime Minister Viktor Orbán’s government has gotten into a situation many times, when they had to decide between the interests of Western allies, or Russia. Direkt36 has revealed many cases, where, in the end, the government favored Vladimir Putin and his circles. It occurred, for example, that they drove a Hungarian company out of business, just to be able to make space for a Russian firm.
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Inside the internal government conflict over the permit for the controversial Paks 2 nuclear power plant
Direkt36 learned that the construction permit for the Paks 2 nuclear power plant caused a conflict between two government members, László Palkovics and János Süli. Süli wanted the long-awaited green light for the project, but due to serious problems in the Russian plans identified by Palkovics’s team the government decided not to issue the permit.
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Inside the conflicts surrounding the construction of Hungary’s new nuclear plant
The state authority overseeing the Paks expansion has serious concerns about the Russian construction company’s plans, which are to be approved within a few days. Direkt36’s investigation has found that political pressure on the Hungarian Atomic Energy Authority grows as the government is unhappy with the authority’s process.
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State Secretary who disagreed with a Hungarian cabinet member over Paks nuclear power plant targeted by Pegasus spyware
Attila Aszódi became a target shortly before his dismissal in 2019 at a time when he had several conflicts with the Hungarian cabinet member supervising Paks 2. The State Secretary disagreed with the measures that would have benefitted the Russian party building the new nuclear power plant and would have changed the original timetable of the project.
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How Russians got a second chance at lucrative rail deal from Hungary
A Russian company lobbied heavily against the €550m procurement of rail cars as they were unable to enter the competition. Then Hungary’s government suddenly canceled and restarted the bidding process.
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“Mr. Russia” is now helping Viktor Orbán’s government to nurture German relations
Klaus Mangold, an influential German businessman with links to the European and Russian business elites has been advising the Orbán-government for many years. His consultancy contracts obtained by Direkt36 show that Mangold has been recently focusing on deepening Hungarian-German industrial relations.
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Nuclear power plant Paks 2 rescheduled to favor the Russians
After two years of negotiations, the Hungarian government adopted during the epidemic an important legal modification related to the Paks nuclear expansion. From now on, the position of the Russians will be stronger and the Hungarian state will bear higher risks.
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People close to Orban’s advisor appear in controversial Russia-connected megaproject
Preparations for a megaproject in which a Russian-Hungarian company will supply 1300 rail cars to Egypt seem to have accelerated. Simultaneously, people close to Arpad Habony, the PM’s chief advisor, and Zsolt Hernadi, CEO of MOL have appeared inside the firm which co-owns the winning company.
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The Russians are poised to benefit from international deal financed by Hungary
In addition to the Russians, several government-close people are also watching closely the project developments. The business partner of Árpád Habony has appeared in the company that signed the contract. The investment is likely to come up at the Orbán-Putin meeting.
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Nuclear tender that caused tension between Hungary and Russia will restart
All bidders for the almost 300 million euros public tender were disqualified.
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