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They Paid 315 Billion for Eight Buildings, They Were Supposed to Save the Contract at the Last Minute, and Now the Whole Thing Could Slip Away on a Banana Peel

Summary by telex.hu
The government is demanding more than 300 billion from the company of István Tiborcz's business partner after they withdrew from the purchase of the Zugló City Center office district. The case centers on an administrative detail that the investor may have forgotten to take care of out of carelessness and greed. The fate of the Zugló office complex may now depend on this.

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The government is demanding more than 300 billion from the company of István Tiborcz's business partner after they withdrew from the purchase of the Zugló City Center office district. The case centers on an administrative detail that the investor may have forgotten to take care of out of carelessness and greed. The fate of the Zugló office complex may now depend on this.

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The company sent an email to the municipality, which received no response, and this could be considered a waiver of the right of first refusal. Péter Magyar mentioned this right of first refusal when he announced that the government was withdrawing from the contract.

·Hungary
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telex.hu broke the news on Friday, August 14, 2026.
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