Budapest Mayor Gergely Karácsony and the municipal assembly have “started depleting the city’s assets”, daily Magyar Nemzet said on Thursday, and reported that they were planning to sell 72 properties worth a combined 8.2 billion forints (EUR 23m).

The daily said that the magnitude of the planned sales was “unprecedented”. All properties are expected to be sold in 2021, with bids already being invited for 13 of them, the paper added.

Local governance ‘frontline of Hungarian domestic politics’

Local governance is important to all democrats, the mayor said, adding, however that it was now under threat in Hungary.

“Democracy is being systematically wound up,” Karácsony said, adding that the Hungarian government was “not governing, but ruling” the country.

The opposition’s responsibility is to offer an alternative to this in the local councils it controls, he added.

Péter Márki-Zay, the mayor of Hódmezővásárhely, in southern Hungary, said the opposition-controlled local councils “find themselves facing a mafia” in the form of the government, “which only cares about power and stealing”.

“If we fail to replace this regime in 2022, we’ll be going back to the communist Soviet system,” he insisted.

Marki-Zay said Hungary’s local councils were run based on outdated structures. Developments, he said, were poorly thought out and local councils often even lacked the funding to carry them out.

The conference was also addressed by the opposition mayors of Szombathely, Baja and Budapest’s 15th district.

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Source: MTI

  1. Invitation open door policy to Foreign Property Investment – CONTINUEING ????
    The focus if this is a Factual report – should be first priority to interested parties of Hungarian Citizens and Registered Businesses – that would in taxes and assets continue to give back build Hungary’s economy.
    Remember – the past (2) two plus years – the (3) three major foreign investors into the Real Estate and Property Markets – the broad and diverse landscape that under the banner of the Property Market falls – the BIG Foreign Investors – in this order :
    (1) – Chinese.
    (2) – Vietnamese.
    (3) – Germans.
    Hungary – this could be another perilous decision – which must cease by immediately re-visiting its Policies under Foreign Investment and Ownership.
    Hungary – if it does not tighten Policies as such, will continue to be over run by Foreign investment again DRIVEN by the BIG three and additional foreign investors.
    This could lead to a perilous position of existence and that possible we will be left with no crown nor jewels to sell off – to save us,


    As trustee for the estate of NELLE HARPER LEE, you are hereby WARNED that any further use of the name “ATTICUS (J.) FINCH” will be considered to be IN BREACH OF COPYRIGHT and legal action will be undertaken against yourself and your publisher(s) without further notification.

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