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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“Mr. Russia” is now helping Viktor Orbán’s government to nurture German relations
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.
Continue readingRussians wanting a massive Paks 2 nuclear contract eventually got pushed out
The tender for one of the most important parts of the Paks nuclear power plant was published. It concerns the control system responsible for its safe operation. According to Direkt36 this caused a big conflict between the Hungarian and Russian parties.
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Putin-controlled financial giant has close ties to IIB, the Russian-led bank moving to Hungary
The International Investment Bank, which is about to move its headquarters to Hungary, has been in close contact with VTB, Russia’s second largest bank.
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Russian-led bank rapidly gearing up in Budapest amid EU and U.S. worries
Nothing can stop the relocation of International Investment Bank, a former Soviet bank that was revived by Russian president Vladimir Putin a few years ago, to Budapest. Meanwhile, Hungary appoints a new director who has been accused of working for the Communist secret service.
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Paks 2 is facing a risky modification that could favor the Russians
The preliminary ground works could start already before the approval of the overall project plans. This contains serious risks but it would benefit the Russians who have been urging the start of the investment for a long time.
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Hungary Buying U.S. Missile System to Mend Ties with Trump Administration
Hungary and the U.S. are preparing to conclude several significant military-economic deals, according to Direkt36’s sources. However, the acquisition of a U.S. missile system could complicate Russian-Hungarian relations.
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Diplomatic Cable Reveals U.S. Frustrated with Orban’s Hungary
This official document offers an in-depth glimpse into U.S.-Hungarian relations. State Department has stopped calling out Orban for Hungary’s democratic decline but gets little in return. Orban’s statement on Hungary’s neutrality is also mentioned.
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Russian diplomats caught spying in Hungary get expelled quietly as usual
Russian intelligence organizes some of their Balkans operations from Hungary, but despite close Russian-Hungarian relations they can not always avoid retaliation. In 2016, the Military National Security Service exposed a GRU officer. Although Hungary’s government never informed the public, approximately ten Russian spies have been busted since 2010.
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Paks 2: This is what it looks like when influential people are positioning themselves around the project
An association with relations across the political spectrum appeared around Paks 2 last year. It wanted to act as an intermediary during the nuclear power plant expansion, and even though influential people also showed up within the association, it failed to deliver on its plans in the end.
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Moneyman of Syria’s president received Hungarian residence permit through Russia
Atiya Khoury, who is on the US sanction list, used an address in South Moscow to apply for residence permit through Hungary’s controversial Golden Visa Program. His application was handled by a company with ties to Viktor Orbán’s advisor.
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Russia and Hungary seemed to clash over the Skripal poisoning. In the background, it was a different story
The expulsions of diplomats after the Skripal poisoning were carefully arranged in a way not to endanger the special relationship between Moscow and Budapest. Documents and interviews show that both countries made efforts not to cause real damage to one another.
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People close to Viktor Orbán’s top advisor were involved in controversial golden visa program, confidential documents show
Documents obtained by Direkt36 prove that a Georgian-Israeli businessman close to Árpád Habony was involved in the operations of VolDan, the company that sold Hungarian residency bonds in Russia.
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A Hungarian company came under Russian influence. Now it could receive another contract in Hungary’s nuclear project
The car rental company that is likely to be contracted by Rosatom is under the influence of a Russian bank. One of the company’s owners previously held high in a gas trading company with ties to Russia.
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The business partner of Lorinc Meszaros is bidding for two valueable Paks 2 tenders
This is the first time that government-close business circles have appeared as bidders in Paks2-related tenders.
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Members of Putin’s state machine received Hungarian residence permits through controversial Golden Visa program
A joint investigation of Direkt36, 444 and Novaya Gazeta about Russian parliamentary members, executives of state-owned companies, the family of the chief of Russian foreign intelligence service and a businessman reportedly linked to organised crime.
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Viktor Orban’s government has become an enthusiastic partner in Russia’s financial expansion
Vladimir Putin resurrected the International Investment Bank a few years ago to increase Russia’s influence in Central and Eastern Europe. Hungary has become one of the most active investors of the financial institution.
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