Proceed to the new english feed
Our english language news feed moved here, please click: http://english.atlatszo.hu/ 78% Év végéig még 22 503 995 forint hiányzik a költségvetésünkből....
Atlatszo has requested public information from the Government Debt Management Agency (ÁKK) to reveal the details of its much discussed new bond-type that offers buyers the right to settlement in the country, ie. on soil of the European Union. The related Hungarian State Special Debt Fund was established and is currently operating in the Cayman Islands, and is owned by Chinese and Hungarian businessmen. Antal Rogán, head of the parliamentary committee for economics and informatics said he sees no contradiction between his government’s anti-offshore communication strategy and the Cayman entity, and was reluctant to give further information about the ownership structure of the Fund.
ÁKK head István Töröcskei refused to obey the law telling it „contains trade secrets”, adding that he has no information about the exact ownership structure of the Special Debt Fund. In its response, atlatszo.hu highlighted that in such case the Freedom of Information Act gives officials the possibility to redact confidential information from the public documents, and is currently waiting for an answer.
Costing 250,000 euros the settlement-bonds are to be held for a minimum of five years. So far, the Special Debt Fund has been authorized to sell the bonds in China and Vietnam. Two further Special Funds Discus Holdings and Innozone Holdings have been recently established in Malta and Cyprus respectively, the former selling bonds in South Africa, Indonesia, Kenya and Nigeria, the latter one in Cyprus and India.
Translated by atlatszo.hu’s volunteers
Read this article in Hungarian here.
Számlatulajdonos: Átlátszónet Alapítvány
1084 Budapest, Déri Miksa utca 10.
Bankszámlaszám: 12011265-01425189-00100001
Bank neve: Raiffeisen Bank
Számlatulajdonos: Átlátszónet Alapítvány
1084 Budapest, Déri Miksa utca 10.
IBAN (EUR): HU36120112650142518900400002
IBAN (USD): HU36120112650142518900500009
SWIFT: UBRTHUHB
Bank neve és címe: Raiffeisen Bank
(H-1133 Budapest, Váci út 116-118.)
Támogasd a munkánkat az Átlátszónet Alapítványnak küldött PayPal adománnyal! Köszönjük.
Havi 5400 Ft Havi 3600 Ft Havi 1800 Ft Egyszeri PayPal támogatásOur english language news feed moved here, please click: http://english.atlatszo.hu/ 78% Év végéig még 22 503 995 forint hiányzik a költségvetésünkből....
Please vote for our videos in the Radical Democracy Video Challenge. Show your support for atlatszo.hu’s coverage on oligarchs in...
The Hungarian tax office NAV will start an investigation into the Hungarian public media fund’s (MTVA) suspiciously pricey contracts with...
Újszentiván, a village near the city of Szeged in southeast Hungary, has experienced an amazing population boom. According to the...
Támogasd a munkánkat banki átutalással. Az adományokat az Átlátszónet Alapítvány számlájára utalhatod. Az utalás közleményébe írd: „Adomány”, köszönjük!