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The Hungarian government has terminated its framework contract with Lounge Event Kft., citing the company's failure to inform the Prime Minister's Office about ongoing enforcement proceedings against it.
The Hungarian tax authority (NAV) has initiated enforcement proceedings against Lounge Event Kft., the company organizing events related to the Champions League final, indicating financial difficulties beyond just subcontractor payments.
Following action by the National Tax and Customs Administration (NAV), another economic entity has sent an enforcement officer to Gyula Balásy's event organizing company, Lounge Event Kft., to collect debts.
Hungarian politician Péter Magyar has launched serious accusations against associates of Prime Minister Viktor Orbán, alleging massive money transfers, widespread corruption, and plans by oligarchs to flee the country. He has also warned investors to avoid assets tied to Orbán's circle.
The Hungarian government has terminated its contract with Balásy-owned Lounge Event Kft. for organizing the August 20th national celebrations and fireworks, despite having already paid half of the 17.5 billion forint fee.