Magjar and Košta, Photo: Reuters
While tycoons close to the Hungarian government defeated in the elections are withdrawing billions of forints from the country, the future Prime Minister of Hungary Peter Magyar said in Brussels that he expects the European Union (EU) to transfer at least 10 billion euros of “frozen funds” to Budapest very soon.
The Hungarian, who announced measures against corruption and the illegal export of capital from Hungary, said this after a meeting with EU leaders Ursula von der Leyen and Antonio Kosta.
The EU drastically punished the authorities of the now former Prime Minister Viktor Orbán for violating the fundamental European provisions of the rule of law and froze the payment of 18 billion euros to Hungary from the EU budget.
The Hungarian explained that his future government needs that “frozen” money from the EU budget, because it would help the struggling Hungarian economy with 18 billion euros, and how it would help, since it represents 10 percent of the national gross product.
At the same time, the media in the EU reported that the Hungarian police and the prosecutor’s office are investigating cases of illegal transfer of capital and other valuable assets, which are committed by persons close to Orban, the government that was convincingly defeated in the elections.
The Austrian newspaper “Standard” assesses that tycoons and rich people connected to the Orban regime “have strong reasons to flee the country”.
“The restoration of the independence of the Hungarian judiciary,” the Viennese daily points out, “will very quickly reveal the sources and size of the wealth accumulated by Orbán’s family and friends.”
“Standard” believes that, when it comes to Orban himself, “given the moral and economic mess he is leaving behind, running away from responsibility seems much more likely for him than the desire to regain power”.
The Brussels portal “Euobserver” states that “parts of the Hungarian business elite and some oligarchs are already distancing themselves from Orbán’s disorganized government circles or are fleeing the country.”
“Euobserver” writes that “Orban’s son-in-law, multi-billionaire Istvan Tiborc, moved to New York last year and now it doesn’t look like he will return to the country.”
The Hungarian announced that the oligarchs connected to Orban are currently transferring tens of billions of forints to the United Arab Emirates, the USA, Uruguay and other distant destinations, according to the Brussels portal.
And, as the future prime minister made it known, Orban’s friend from childhood, the richest man in Hungary, Lerinc Mesaros, already intends to go to Dubai.
The British network “BBC” (BBC) states that “people close to the defeated government have already begun to urgently sell off media companies, including the TV channel TV-2, at below market prices.”
“Euobserver” reports in a report from Budapest that it is estimated that “at least three billion euros owned by companies linked to Orban could be immediately transferred out of the country, which has already started before the April elections.”
The future Hungarian Prime Minister warned businessmen and investors not to illegally transfer that money out of the country because the new authorities will surely investigate it.
Hungary’s National Customs and Tax Administration has announced that it has already stopped money transfers linked, among others, to Minister Antal Rogan, under suspicion of “money laundering”.
Antal Rogan was one of Orban’s closest associates, in charge of key state companies, intelligence and communications, and in 2025, the US authorities briefly placed him under the sanctions regime on suspicion of systemic corruption.
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