Hungary re-examines 4iG state ties alongside €500 million EU satellite investment

Hungary’s new administration is reviewing the state's extensive financial and ownership connections with technology conglomerate 4iG, following a decree published in the official gazette. The investigation encompasses all direct and indirect subsidiaries of the group, while public officials have been instructed to refrain from making public statements regarding the firm.

The review coincides with Science and Technology Minister Zoltán Tanács announcing a €500 million commitment to the European Union’s IRIS² satellite constellation. The move signals a broader re-evaluation of major state infrastructure contracts previously slated for 4iG, particularly in telecom and space projects.

Responding to the political shift and audit, 4iG stated that it continues to view the Hungarian state as a "partner."

Sources: 444, HVG, Telex.