Gyula Balásy Bought a Luxury Apartment in Dubai, NER's Favorite Media Entrepreneur Denies Having Evacuated His Assets
11 Articles
11 Articles
According to Átlátszó, he has acquired real estate and corporate interests in the Emirates in recent years.
The NER propaganda factory bought an apartment and founded a company in the United Arab Emirates.
Hungarian media mogul Gyula Balassi, the creator of a key advertising network for Viktor Orbán's government, funneled millions of dollars to Dubai by registering an offshore subsidiary there during the investigation. The post "Orbán's 'Propaganda Machine' Money Flows to Dubai" — OCCRP first appeared on GuildHall.
Gyula Balásy became famous with his "crying" video, in an interview he offered his communications companies to the state after the change of government. The owner bought a nearly 106 square meter luxury apartment in the Dubai Marina district in 2023, which was equivalent to approximately 310 million forints at the exchange rate at the time. Balásy's company, New Land Média, gave a billion-dollar loan to the Dubai company also founded by the entr…
While his companies were already under investigation in Hungary, Gyula Balásy, a key figure in the previous government's communication campaigns, bought a luxury apartment in Dubai worth hundreds of millions and founded a local subsidiary. An investigation by Átlátszó and OCCRP reveals that the Dubai company may have received a loan worth billions. Although the authorities froze the bank accounts of the Balásy empire after the change of governme…
The businessman also quietly took Dubai: he bought hundreds of millions of apartments and founded a company in the Emirates.
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