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
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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