33 million in EU funds used to renovate 8 castles now set for free privatisation in Hungary
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Hungary’s new “castle law,” introduced by Minister of Construction János Lázár, is opening the door for historic castles to be transferred to private ownership free of charge. These properties, many of which were recently renovated using millions of euros in EU and state funds, are now available through privatisation bids. Despite the significant public investment in restoring these landmarks, they will be handed over to private owners at no cost, sparking questions about the use of EU funds and the potential beneficiaries of the law.
Millions of euros spent of castles that are now being privatised
The core of the “castle law” is that the state is offering certain castles, manor houses, and estates for privatisation, many of which were recently renovated using billions of EU and state funds, often with the involvement of government-aligned contractors. To test this policy, eight recently refurbished castles have been put up for bidding. The news site Telex took a closer look at the costs involved in restoring these properties.
According to Telex, a total of HUF 22 billion (about EUR 58 million) was spent on the renovation of these eight castles. Each of these properties received a mix of EU and state funding, although, in every case, the EU contribution was the larger portion.
You have to be extremely confident to not even try hiding your thieving