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Archived edition · October 30, 2026 Today's news →

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Ventilator 🫁

Startup lands lucrative ventilator contract just days after registration

New revelations have surfaced concerning a significant ventilator procurement deal, with an eight-day-old company reportedly securing a multi-million forint contract from the Ministry of Foreign Affairs and Trade (then headed by Péter Szijjártó) just a day after its registration. This development has raised questions about the procurement process and follows earlier reports of inflated villa renovation rates and alleged misreporting of troop numbers to NATO.

In a related development, former central bank governor György Matolcsy, who was recently arrested on suspicion of economic fraud, has been compelled to appear before a parliamentary investigative committee to provide testimony regarding a foundation scandal. This marks an escalation in the ongoing probe into alleged financial misconduct during his tenure. Meanwhile, former Minister of Culture and Innovation Balázs Hankó is under scrutiny for significantly increasing individual innovation support funds prior to elections, a pattern observed in previous election cycles.

Other domestic news includes the Hungarian economy's growth falling short of government targets, partly due to drought and the energy crisis. The Central Statistical Office also reported a five percent decline in births in September. Historical government session summaries from 2011 have been made public, offering insights into the early days of the 'National Cooperation System' (NER). Politician András Jámbor criticized Deputy Prime Minister Anita Orbán's US deal, and former Minister of Defence Tibor Benkő purchased a property he previously occupied in his official capacity.

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Ventilator Procurement Scandal

An eight-day-old company, Limitless Medical Kft., secured a significant ventilator contract worth hundreds of millions, then billions, of forints from the Ministry of Foreign Affairs and Trade (then headed by Péter Szijjártó) just one day after its registration, raising questions about the procurement process and the involvement of ministry officials.

Pre-Election Innovation Funding Scrutiny

Balázs Hankó, former Minister of Culture and Innovation, significantly increased the allocation of individual innovation support funds just before the election, a pattern consistently observed in previous election cycles, with billions of forints distributed in the lead-up to voting.

Analysis of Electoral Defeats

An analysis explores the reasons behind the significant electoral defeats of former Prime Minister Viktor Orbán and former Serbian President Aleksandar Vučić, attributing their losses to shifts in opposition dynamics and other contributing factors.

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