Hungary Pulls €170M EU Grant From Orbán-Linked Billionaire Four Days After Approval
13 Articles
13 Articles
Hungarian Conservative
ussanews.comHungary Pulls €170M EU Grant from Orbán-Linked Billionaire Four Days after Approval
Hungary’s state development bank reversed more than HUF 66 billion (€170 million) in EU funding awarded to a company controlled by billionaire Lőrinc Mészáros just four days after approving the applications, in an abrupt decision that could become a precedent for how companies with opaque ownership structures are treated under the country’s recovered EU funding programmes. The Hungarian Development Bank (MFB) notified OPUS TITÁSZ on 6 August tha…
According to the MFB board of directors, Opus Titász did not meet the transparency requirements.
Due to non-fulfillment of transparency requirements. This may be the first serious case where Mészáros interests are at stake.
OPUS TITÁSZ Zrt. reacted to the Hungarian Development Bank's exclusion of the company from network development and smart meter tenders financed from EU recovery funds: in a press release issued on Wednesday, the company, which is owned by Lőrinc Mészáros, called the decision professionally and legally unfounded and indicated that it would use all legal remedies available to it.
The Hungarian Development Bank has withdrawn its decision to grant OPUS RRF funding to Mészáros Lőrincz, because they believe the company does not qualify as a transparent organization under the Public Finance Act. The decision was made weeks after the application deadline: but what happened in the background? We asked the Hungarian Development Bank about this.
Olivér Hortay says the decision is suspicious. The Fidesz representative pointed out that the Tisza government did not find any transparency problems with the German companies.
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