Magyar said the Prime Minister’s Office had informed the three public-interest asset management foundations that their tasks would be taken over by the Hungarian state from Aug. 31.

This means they will no longer be able to continue operating in their current form, although Magyar said they would remain free to continue their activities under a different structure.

“Of course, nobody is forbidding these foundations from continuing the work they consider important in a different form, they can freely organize, collect funds, operate programs,” he said.

The decision will end their special public-interest asset management foundation status, along with their control over state assets and access to state funding, Magyar said.

He accused the previous Orbán government of transferring state assets, properties, companies and public functions into foundations in an effort to remove them from public oversight and preserve influence over them after a change in government.

Magyar said MCC had received a 10% stake in both Mol and Richter free of charge, along with more than HUF 130 billion (EUR 360 mln) in public funding in 2020 alone.

According to the prime minister, the Batthyány Lajos Foundation received nearly HUF 66 bln in state support between 2022 and 2026, while the Blue Planet Climate Protection Foundation received close to HUF 25 bln over the same period. A further HUF 10 bln in budgetary resources had previously been allocated to the Climate Protection Capital Fund linked to the latter.

Magyar described the three foundations as key parts of the previous government’s institutional network.

He noted that MCC’s board had been led until this summer by Balázs Orbán, former political director to Viktor Orbán and Fidesz’s 2026 campaign chief. Former President János Áder chaired the Blue Planet Foundation, while the Batthyány Lajos Foundation financed organizations including the Center for Fundamental Rights, the Danube Institute and the Budapest Workshop.

Magyar said assets previously transferred by the state to the foundations would now return to public control, while educational, research, climate protection, cultural and community programs considered to be of public value would continue.

“We are dismantling the structures prone to corruption, and public funds will return to where they always belonged: under public control,” the prime minister said.