Válasz Online: Is Orbán’s son-in-law on the brink of securing a big business?

The development of major real estate projects tied to Orbán’s son-in-law, István Tiborcz, reveals a pattern of state-backed financial support and preferential treatment. The Dürer Park project, managed by Tiborcz’s private equity fund, was declared a priority investment by the Orbán government in 2021, exempting it from local regulations and fast-tracking its approval. Similar support was given to other developments, such as those at Bosnyák Square and BudaPart, where state-owned banks provided substantial loans. By 2022-23, the government discreetly purchased significant portions of these projects at inflated prices, likely costing over HUF 600 billion (EUR 1.50 billion), ensuring substantial profits for those involved.

Orbán’s son-in-law, István Tiborcz, through his majority-controlled Waberer’s Group, recently completed a major logistics centre in Ecser, near Budapest, marking the company’s largest greenfield investment to date. The 13.5-hectare site, acquired from billionaire Dániel Jellinek, benefited from significant state support. The Hungarian government has also classified the project as of national economic importance. In a move that further solidifies Tiborcz’s position, Magyar Posta will purchase the centre from Waberer’s after its completion in early 2026, positioning this deal as one of the key business ventures of the current parliamentary term.

Photo: facebook.com/MagyarPosta