Train contract blow for Hungary’s richest man

Hungary’s richest man loses rail contract after EU audit finds corruption.

Oct 15, 2026

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Train contract blow for Hungary’s richest man

Hungary’s richest man loses rail contract after EU audit finds corruption.

In brief

Hungary’s richest man loses rail contract after EU audit finds corruption. Hungary’s richest man Lőrinc Mészáros loses rail contract after EU audit finds corruption. Originally reported by EUobserver.

Another blow for Lőrinc Mészáros

Prime minister Péter Magyar and transport minister Dávid Vitézy suspended one of Hungary’s largest rail projects.

“the state was suspending implementation of one of hungary’s largest rail projects”

EU audit finds corruption

European Court of Auditors uncovered public procurement irregularities involving v-híd.

“v-híd may have colluded with the company that drafted the project plans”

V-Híd is Mészáros’s company

V-Híd is Mészáros’s company

V-Híd is the most profitable company of Hungary’s richest man Lőrinc Mészáros.

“the most profitable company of lőrinc mészáros who became hungary’s richest man during viktor orbán’s premiership”

EU funding withdrawn

European Court of Auditors would withdraw EU funding from the project due to corruption.

“the european court of auditors would withdraw eu funding from the project”

Hungary terminates contract

Hungary terminated Mészáros’s rail contract to avoid taxpayer costs.

“the hungarian government does not want to forfeit the eu money and make hungarian taxpayers foot the bill for the costs of the project”

New chief prosecutor nominee

New chief prosecutor nominee

President András Baka nominated former chief prosecutor Péter Fejes for the role.

“on monday 12 october president andrás baka nominated a former chief prosecutor péter fejes for the post of chief prosecutor”

Former chief prosecutor ready to testify

Former chief prosecutor Pál Fürcht claims gold convoy case was politically motivated.

“pál fürcht has claimed that the gold convoy case was created for political purposes”

Orbán to keep quiet on 1956 anniversary

Orbán will not mark 1956 anniversary despite it being a key national holiday.

“orbán will not mark the 1956 anniversary”

The headline

Hungary’s richest man Lőrinc Mészáros loses rail contract after EU audit finds corruption.

Read the original on EUobserver

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