Hungary orders audit of state ties with tech conglomerate 4iG

Hungary has formally launched a comprehensive audit into all financial, ownership, and contractual ties between the state and technology conglomerate 4iG Group. According to a resolution published in the official gazette, the probe encompasses the parent company alongside its direct and indirect subsidiaries.

Concurrently, the cabinet imposed a communications restriction across government ministries concerning 4iG affairs. Science and Technology Minister Zoltán Tanács confirmed that Hungary will proceed with a planned €500 million investment in the European Union's IRIS² satellite infrastructure, though officials are reviewing whether 4iG will retain its role in managing associated public tenders. Responding to the political shift, 4iG cautiously maintained that it remains a "partner" to the state.

Sources: 444, HVG, Telex.