The bank headed by György Matolcsy has spent tens of billions of public money on the renovation of the Postal Palace without knowing much about the background of the project. According to an internal report, the work was beautiful, but “it did not meet the criteria of austerity”.
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The cost of the MNB’s new prestige investment, given to a friend of Matolcsy’s son, has been very high
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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