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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Companies dominate public lighting in Serbia with controversial Hungarian methods
After winning public lighting tenders in Hungary, Elios, a company previously owned by the son-in-law of Hungarian PM Viktor Orbán, started expanding internationally. In Serbia, companies linked to Elios have been participating in 12 public lighting tenders, with some partners that are connected to Serbia’s political elite.
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