Hungary orders comprehensive review of 4iG state ties

Hungary's Tisza administration has launched an extensive audit into all ownership, financial, and contractual agreements between the state and technology conglomerate 4iG. The government decree, published in the official gazette, comes alongside a directive barring state officials from issuing public statements about the company during the investigation.

The inquiry coincides with Science and Technology Minister Zoltán Tanács announcing a €500 million commitment to the European Union's IRIS² satellite infrastructure project. While Hungary remains committed to expanding its space and telecommunications presence, officials are re-examining 4iG's involvement in future state projects. In response, 4iG adopted a cautious posture, maintaining that it continues to view its operational relationship with the government as an ongoing partnership.

Sources: 444, HVG, Telex.