09/05/2018
Fidesz co-opted the socialists’ economic hinterland back in 2014 with the 16.55 billion Ft (roughly $70 million) purchase by the National State Asset Company (MNV) of the 15-hectare (45 acre) riverfront territory where the 2024 Olympic village was to be built, from Wing Zrt., the real estate division of Wallis Rt., the holding company run by Gordon Bajnai between 2000 and 2005. (Bajnai served as Gyurcsány’s Minister for Economics before becoming prime minister himself in 2009). Wing Zrt. subsequently sold half its shares in Market Építő Zrt., the vertically integrated general contractor that built most of Wing’s office buildings between 2004 and 2010, to István Garancsi, a close associate of Viktor Orbán (and many believe one of the Fidesz chairman’s many strawmen). After a period of relative inactivity, from 2014 Wing Zrt. (as developer) and Market Építő Zrt. (as general contractor) resumed development of a number of large projects around Budapest, including Hungary’s largest office building: the new Magyar Telekom headquarters at the Ferencváros football stadium just across the street from the main Budapest bus terminal. Market Zrt. is the majority owner of the company that is currently building the new headquarters for the National Oil Company (MOL) in Budapest’s 11th district. In short, key businessmen behind Fidesz and the socialist party have been cooperating in business matters for the past four years. So isn’t it high time for the socialist party to "hop on the Fidesz bandwagon"?
If there was one lesson the Hungarian opposition should have learned from the colossal defeat they suffered in the recent national election, it was that without interparty cooperation ever winning …