International arrest warrant issued for former central bank chief's son
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An international arrest warrant has been issued for Ádám Matolcsy, the son of former Hungarian National Bank governor György Matolcsy, as part of an ongoing investigation into suspected financial misconduct. This development follows the recent detention of György Matolcsy and allegations that his associates attempted to retroactively cancel a loan agreement that converted public assets into private property.
Meanwhile, the Fidesz party is experiencing a notable erosion of local support, with reports indicating a loss of majority in several assemblies and representatives opting to run as independents due to a perceived stigma associated with the party label. In political developments, the governing Tisza Party, led by Prime Minister Péter Magyar, has announced its intention to eliminate the current system of personal income tax benefits.
Other domestic news includes allegations of National Cultural Fund money being misused for an activist meeting instead of a memorial event, and the Hungarian Tax and Customs Administration launching a crackdown on ventilator supply companies, issuing an international arrest warrant for one of their leaders.