Lawyers of bondholders told Direkt36 that hundreds of thousands of euros were stuck with the intermediary company VolDan. Meanwhile, the company’s Hungarian representative office has become unavailable, and the company is under a compulsory strike off procedure from the official registry of companies.
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Russians demand their money in Hungary’s controversial golden visa scheme
Orbán government keeps silent about Russian residency bond owners – even as the EU prepares to end the practice
Fidesz MEPs did not vote for the revision of the visas already issued. Several beneficiaries of Putin’s regime have previously obtained Hungarian papers.
Continue readingHow once cherished Iranians became coronavirus scapegoats in Orban’s Hungary
Hungary saw great business opportunities in Iran and the Orban government tried to strenghten relations through university scholarships and residence permits. Then the course of world politics and the coronavirus changed everything.
Continue readingHow we exposed some of the deepest secrets of Hungary’s controversial golden visa program
Through a residency bond scheme run by the Hungarian government, several foreigners were granted residency in spite of potentially posing serious security risks for Hungary and the European Union. Blanka Zöldi recalls how we found out about these people.
Continue readingSince the closure of Hungary’s Golden Visa Program, more foreigners receive residence permits for unclear purposes
In the past two years, over 9 thousand foreigners received residence permits for “other purposes”. Most of them came from Iran, China, the United States and Russia. Hungary’s Immigration Office Claims that that it does not have any statistical data about why exactly the applicants of such permits wish to reside in Hungary.
Continue readingNew Hungarian immigration program advertised by a businessman, previously in controversial Golden Visa scheme
A Chinese advertisement says that applicants have to invest in real estate in order to receive Hungarian papers. According to the company that advertises the new programme, everything is discussed with Hungarian authorities. However, the Immigration Office denies this.
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