Hungary orders comprehensive audit into state contracts with tech group 4iG

Hungary’s Tisza administration has ordered a comprehensive audit into all financial, ownership, and contractual ties between the state and technology group 4iG. According to a government decree published in the official gazette, state officials have also been instructed to refrain from making public statements regarding the firm during the probe.

The review coincides with Science and Technology Minister Zoltán Tanács announcing Hungary’s €500 million investment in the European Union's IRIS² satellite initiative. While the government remains committed to expanding domestic space infrastructure, it is currently re-evaluating whether 4iG will maintain its lucrative state contracts.

The company, led by Gellért Jászai, experienced rapid expansion into telecommunications and defense under the previous government. In response to the political transition and scrutiny, 4iG stated that it continues to view its relationship with the state as a "partner."

Sources: 444, HVG, Telex.