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Hungarian construction giant files for bankruptcy protection after state pulls out of €870mn office deal

Summary by Bne IntelliNews
Peter Magyar's new government is reviewing state contracts and spending commitments made under the previous cabinet.

7 Articles

telex.hutelex.hu
Lean Left

Attila Balázs's Other Construction Company Is Also in Bankruptcy Proceedings

In addition to Bayer Construct, the project company for the Zugló office investment, ZVK Development Kft., also filed for bankruptcy protection.

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444.hu444.hu
Lean Left

Another Construction Company of Attila Balázs Has Filed for Bankruptcy

This time it is about ZVK Development Kft., the developer of the famous and infamous Zugló city center project.

·Hungary
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bne IntelliNewsbne IntelliNews
Center

Hungarian construction giant files for bankruptcy protection after state pulls out of €870mn office deal

Peter Magyar's new government is reviewing state contracts and spending commitments made under the previous cabinet.

·Berlin, Germany
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24 HU24 HU

The Government May Be Counting on Bayer's Bankruptcy: the Fate of Hundreds of Billions Has Become Questionable

However, company owner Attila Balázs was still expecting a profit at the end of May. The post Bayer bankruptcy gave the government a serious challenge: the Vitézys would have to negotiate hundreds of billions first appeared on 24.hu.

·Budapest, Hungary
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Heti VilággazdaságHeti Világgazdaság

Another Company of the Owner of Bayer Construct Filed for Bankruptcy

The company responsible for the Zugló gigainvestment may go bankrupt.

·Hungary
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Magyar NemzetMagyar Nemzet

Domino Effect: Another Construction Company Files for Bankruptcy

The industry has received bad news again.

·Budapest, Hungary
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bne IntelliNews broke the news in Berlin, Germany on Thursday, August 27, 2026.
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