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.
Continue readingTag Archives: IIB
Spies, business deals and criminals. How Orbán favors Russian interests instead of Western ones
U.S. is still trying to push out the Russian-led bank from Hungary
American and British diplomacy are upset that the International Investment Bank has relocated its headquarters to Budapest. The bank’s employees were supposed to receive wide diplomatic immunities, but the Orban government seems to be backtracking on issuing them.
Continue reading
Viktor Orban promised something to Vladimir Putin, but the U.S. intervened
Hungary’s government promised diplomatic immunities to the Russian-led, now Budapest-based International Investment Bank, but U.S. diplomacy had concerns over the bank’s alleged ties to Russian intelligence.
Continue reading
Orban promises the U.S. counterintelligence measures against a Russian-led bank
Viktor Orban has secretly promised many things to the U.S. government because they were worried about the Russian-led International Investment Bank’s (IIB) moving to Budapest. Meanwhile, the Hungarian government is trying to reassure U.S. congressmen that everything is OK with the IIB, although many find the bank suspicious.
Continue reading
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.
Continue reading
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.
Continue reading