Orbán’s son-in-law is now the owner of Hungary’s best-known hotel
BDPST Group has signed an agreement for the purchase and modernisation of the prominent Gellért Hotel in Budapest. Under this agreement, the hotel will be reborn as a five-star top-class hotel on the Danube. The majority owner of the company is none other than István Tiborcz, PM Viktor Orbán’s son-in-law.
Hungary’s best known hotel, the Gellért Hotel, will return to the Hungarian accommodation market with a completely renewed interior and new quality services, Index reports. According to István Tiborcz, the renewal of the hotel will be an important milestone in the development of the overall top-class accommodation offer in Budapest.
Under the terms of the share purchase agreement signed on 9 December, BDPST Group will own the hotel after the closing of the transaction, thus expanding its portfolio in the Budapest hotel market with a new hotel, according to a statement sent to Index.
The hotel will undergo a complex renovation in the future.
Read alsoA leaked confidential Brussels letter shows Hungary should prepare to lose EUR billions of EU funds
Source: Index
7 Comments
These guys make Trump look like an amateur.
Sorry but yes, corruption in Hungary certainly has a stronger hand than most other places. And anyone wonders why the EU has finally tightened the purse-strings. Putin Party wins again.
@Joe Smith:
🙂 😀 How very very right you are.
I always thought that there are some Hungarians who can outdo anyone else in the world, and in this sense our very own PM can really trump Trump.
The brilliant EU is still recovering from the loss of the UK a 1/3 of its income.
Mr. Tiborcz is a very successful enterpreneur …
https://budapestbeacon.com/olaf-elios-zrt-may-have-engaged-in-organized-crime-under-istvan-tiborcz/
Good thing the Politicians had Hungarian tax payers pay for the EU funded projects so that the EU no longer had financial interest and jurisdiction in the case and the relevant authorities were able to conclude that, contrary to the European Anti Fraud Office’s assessment, all was well! Wonder why the EU has concerns with respect to transparency in Hungary.
“PM Viktor Orbán announced on his Facebook page this afternoon that the Hungarian government would take the excess profits of MOL, Hungary’s and Central Europe’s biggest oil and gas company. The money will be transferred to the government’s so-called Utility Protection Fund”.
An extract from another DNH article.
Perhaps this is how the PM’s son-in-law bought the hotel…….!?
I just started to wonder (again) if Mr Orban has any relatives, close friends, associates and/or inner circle FiDeSz members left who are not (yet) billionaires, ie. “successful entrepreneurs” 😉 ? What a very, very “gifted” bunch of people they must be. 🙂