Tycoons close to Orban are allegedly taking billions of forints out of the country, the Hungarian expects ten billion euros from the EU

While tycoons close to the Hungarian government, which was defeated in the elections, are taking billions of forints out of the country, future Hungarian Prime Minister Peter Magyar said in Brussels that he expects the European Union (EU) to transfer at least 10 billion euros of "frozen assets" to Budapest very soon.

The Hungarian, who announced measures against corruption and illegal capital flight from Hungary, said this after a meeting with EU leaders Ursula von der Leyen and Antonio Costa.

The EU has drastically punished the authorities of now former Prime Minister Viktor Orban for violating fundamental European provisions on the rule of law and has frozen the payment of 18 billion euros to Hungary from the EU budget.

The Hungarian explained that his future government really needs this "frozen" money from the EU budget, because those 18 billion euros would really help the struggling Hungarian economy, since it represents 10 percent of the national gross product.

EU media outlets have simultaneously reported that the Hungarian police and prosecutor's office are investigating cases of illegal transfer of capital and other valuables by individuals close to Orban's government, which was convincingly defeated in the elections.

The Austrian newspaper "Standard" assesses that tycoons and wealthy individuals linked to Orban's regime "have strong reasons to flee the country."

"The restoration of the independence of the Hungarian judiciary," the Viennese daily points out, "will very quickly reveal the sources and extent of the wealth amassed by Orban's family and friends."

"Standard" believes that, when it comes to Orban himself, "given the moral and economic chaos he leaves behind, escaping responsibility seems much more likely for him than a desire to regain power."

The Brussels-based portal "Euobserver" states that "parts of the Hungarian business elite and some oligarchs are already distancing themselves from the circles of Orban's crumbling government or are fleeing the country."

"Euobserver" writes that "Orban's son-in-law, multibillionaire Istvan Tiborc, moved to New York last year and now it doesn't look like he will return to the country at all."

The Hungarian said that oligarchs linked to Orban are currently transferring tens of billions of forints to the United Arab Emirates, the United States, Uruguay and other distant destinations, according to the Brussels portal.

And, as the future prime minister has made clear, Orban's childhood friend, the richest man in Hungary, Lerinc Mesaros, is already planning to head to Dubai.

The British network "BBC" states that "people close to the defeated government have already started urgently selling off media companies, including the TV channel TV-2, below market prices."

"Euobserver" reports from Budapest that it is estimated that "at least three billion euros owned by companies linked to Orban could be immediately transferred out of the country, which has already begun even before the April elections."

The future Hungarian Prime Minister warned businesspeople and investors not to illegally transfer that money out of the country because the new authorities will certainly investigate it.

The Hungarian National Customs and Tax Administration announced that money transfers linked, among others, to Minister Antal Rogan have already been stopped, under suspicion of "money laundering".

Antal Rogan was one of Orban's closest associates, responsible for key state-owned companies, intelligence, and communications, and was briefly placed under sanctions by US authorities in 2025 on suspicion of systemic corruption.