Simicska loses right to operate poster kiosks in capital


Budapest’s Municipal Council continued the governmentʼs efforts to back away from media mogul Lajos Simicska today by setting the deadline for the end of a contract that allowed Simicskaʼs Mahír Cityposter Kft. to operate 700 poster kiosks in public spaces in the capital, according to news reports.

The poster kiosks must be dismantled and removed from public spaces by the end of the year at the owner’s cost, or sanctions will be imposed against the operator, under the decision made by the capital’s municipal assembly today, MTI said.

A long-time ally of Prime Minister Viktor Orbán, Simicska (pictured) had a public falling out with the prime minister and the ruling Fidesz party earlier this year.

Since then, Simicska has been losing valuable contracts with officialdom: Közgép, the construction company that Simicska owned, and that used to win more money in Hungarian government procurement tenders than any other firm, has stopped getting contracts. Recently, Metropol, a free newspaper in which Simicska has ownership, lost a license for distribution in the capitalʼs Metro stations.

Todayʼs decision to take away the poster kiosks is another clear loss for Simicska.


CIG Pannónia Board Proposes HUF 18-per-share Dividend Figures

CIG Pannónia Board Proposes HUF 18-per-share Dividend

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

IBS Reaches 50-50% Gender Ratio in Management HR

IBS Reaches 50-50% Gender Ratio in Management

Sümeg Castle Reopens History

Sümeg Castle Reopens


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.