Govt commissioner files criminal report in Budapest Airport privatization matter
The Government Commissioner's Office has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of Budapest Airport to make promised investments at Liszt Ferenc International Airport, government commissioner for accountability Gyula Budai said on Thursday.
Airport operator Budapest Airport was privatized in 2005. The UK's BAA paid HUF 465bn in the transaction and promised to invest a further €260.6m at the airport by 2011. BAA was acquired by Spain's Ferrovial in 2006 and Budapest Airport was sold to Hochtief for €1.9bn in 2007.
ADVERTISEMENT
Áder Flags Delay in Full-scale Rollout of Bottle Return Syst...
India's G20 Presidency, Dawn of New Multilateralism - Narend...
AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
