Budapest, September 15 (MTI) – Arpad Velez has resigned from his post as the Socialist party’s director, the opposition party’s deputy leader told MTI today.

Velez tendered his resignation to the party’s leader Jozsef Tobias, who accepted it, deputy leader Zoltan Gogos said.

Velez had been party director since March 2012.

News portal reported on Sunday that Velez, a close friend of former party leader Attila Mesterhazy, said he was resigning because he felt he had lost the trust of the party’s leadership.

Daily Nepszabadsag reported in early September that the building where the Socialists are headquartered in central Budapest was for sale, because the party was struggling with repayments of a loan it used to purchase the building, as well as maintenance costs, estimated at 150 million forints (EUR 476,300) a year.

The Socialist party’s finances took several blows over the past few years, with the party’s estimated debt coming to about 2 billion forints, an analysis by think-tank Nezopont said in late May. Meanwhile funding to the party has also declined. The Socialists have let go of more than half of their employees and rented out their offices. The accumulated debt has opened the way to disputes within the party, the Nezopont analysts said.



Leave a Reply

Your email address will not be published.