Hungary launches audit into state ties with tech conglomerate 4iG

Hungary’s Tisza administration has ordered a comprehensive audit into all financial, ownership, and contractual relationships between the state and technology group 4iG. According to a decree published in the official gazette, the government has also placed a communication ban on public officials concerning the conglomerate while the probe takes place.

The review coincides with Science and Technology Minister Zoltán Tanács announcing Hungary's €500 million investment in the European Union's IRIS² satellite project. Although the government intends to pursue satellite infrastructure, it is re-assessing whether 4iG will retain its extensive state contracts. Under the previous government, 4iG grew rapidly across telecommunications and defense, with company chief Gellért Jászai obtaining diplomatic rank.

In response to the measures, 4iG stated that it views the state as a "partner."

Sources: 444, HVG, Telex.