• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Opposition lashes out against cbank over new villa purchaseOpposition lashes out against cbank over new villa purchaseOpposition lashes out against cbank over new villa purchaseOpposition lashes out against cbank over new villa purchase
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Public transport becomes free in Hungarian town with world-known restaurant, castles

  • Why are more than a million Hungarians very sad today, while Romanians celebrate?

  • Huge success for PM Orbán? Tens of billions of euros may come to Hungary soon

Support us
Daily News Daily News · 12/08/2015
· Business

Opposition lashes out against cbank over new villa purchase

Daily News Hungary economy

Budapest (MTI) – Opposition parties on Tuesday criticised the central bank’s real estate purchases after press reports revealed new details of a luxury villa bought in February.

The daily Magyar Nemzet reported on Tuesday that the Pallas Athene foundation of the National Bank of Hungary (NBH) had purchased a 2,165 square metre property on a hill in Budapest’s leafy 12th district for 1.3 billion forints (EUR 4.17m) from a company registered on the Virgin islands. The central bank declined the paper’s request for comment, saying that its foundations operate independently.

Pallas Athene said the building will house a research and training centre and that the purchase price was below the market price according to an independent appraisal. The foundation also bought a 795 million forint villa in the Buda Castle, where it plans to set up its headquarters, it said in a statement sent to the paper.

Istvan Tukacs, a lawmaker for the Socialist opposition, said central bank governor Gyorgy Matolcsy should immediately resign to put a stop to “further thriftless spending”.

Radical nationalist Jobbik deputy leader Janos Volner said the party finds the purchase of luxury villas from taxpayer money unacceptable.

Erzsebet Schmuck, a lawmaker for opposition LMP, said the government is far from making sure that taxpayer money does not land in offshore companies. It is exactly this reason why the governing parties had rejected LMP’s preventive proposals on this subject three times.

The leftist opposition Democratic Coalition (DK) demanded that central bank reveal who were behind the offshore company which has benefitted from such a lucrative purchase spending taxpayer funds. While schools and hospitals lack funds to pay bills or install an air-conditioning unit, Matolcsy still spends billions without counting, the party said in a statement.

Egyutt deputy leader Levente Papa called on Matolcsy to stop the careless spending and demanded that the head of the NBH’s supervisory board immediately investigate the purchase.

The Hungarian Liberal Party said “Matolcsy and company were committing serial theft at the expense of taxpayers”.

Source: http://mtva.hu/hu/hungary-matters

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
economy National Bank of Hungary
Share

Hot news

  • What happened today in Hungary? – 2 December, 2023

  • Hungary joins declaration on tripling nuclear capacity

  • Christmas is approaching: Advent traditions and curiosities in Hungary

  • Budapest among Europe’s most beautiful Christmas markets!

  • VIDEO: Busy Budapest bridge to become a Christmas tree

  • Hungary is one of the world’s safest countries to drive

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
<strong> What happened today in Hungary? – 2 December, 2023 </strong>

What happened today in Hungary? – 2 December, 2023

Read More
Hungary joins declaration on tripling nuclear capacity

Hungary joins declaration on tripling nuclear capacity

Read More
Christmas is approaching: Advent traditions and curiosities in Hungary

Christmas is approaching: Advent traditions and curiosities in Hungary

Read More
Budapest among Europe’s most beautiful Christmas markets!

Budapest among Europe’s most beautiful Christmas markets!

Read More
VIDEO: Busy Budapest bridge to become a Christmas tree

VIDEO: Busy Budapest bridge to become a Christmas tree

Read More
Hungary is one of the world’s safest countries to drive

Hungary is one of the world’s safest countries to drive

Read More
The operator of Budapest Airport will change: here is what follows

The operator of Budapest Airport will change: here is what follows

Read More
PM Orbán: Myth that Hungary cannot prosper without EU money

PM Orbán: Myth that Hungary cannot prosper without EU money

Read More
Hungarian police beat a German national with a baton in Budapest?

Hungarian police beat a German national with a baton in Budapest?

Read More
Government wants to avoid escalation in the Middle East

Government wants to avoid escalation in the Middle East

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?