M4 probe to wind up at end of April

Deals

The Hungarian governmentʼs review of the construction of a section of the M4 motorway, to investigate the European Commissionʼs suspicion of cartel activity, is expected to be completed at the end of April, deputy state secretary for communications of development policy Nándor Csepreghy said today.

Cabinet Chief János Lázár ordered the internal review on March 26 and construction on the project was halted.

Csepreghy said earlier that the government does not agree with the ECʼs suspicion and "final judgment will not take place" unless suspicion is substantiated. The government wants a full-scale investigation of the matter, as public funds are involved, he added.

The European Anti-Fraud Office, Olaf, is investigating a total of 50 Hungarian investment projects with a total value of nearly HUF 500 bln, Csepreghy said in response to a journalist.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.