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LMP: Public Should Have Say on Large Investment Projects Including Fudan

MTI-Hungary Today 2021.06.09.

The public should be given a chance to have their say when it comes to major investment projects, including the planned campus of China’s Fudan University in Budapest, opposition LMP said on Wednesday.

Major investment projects must be carried out transparently and free of graft, Márta Demeter, the party’s deputy group leader, told a press conference.

Demeter said large investments in Hungary today were a way for the government to “feed” the companies close to it, adding that the asset management foundations it has set up served to “support the government apparatus after they lose the next election”.

She said this was the reason why these foundations had recently acquired over 1,700 residential properties and were headed by ruling party politicians.

Fudan: Gov't Talks About Potential Referendum After Public Demonstration
Fudan: Gov't Talks About Potential Referendum After Public Demonstration

The government backs the idea of consulting Budapest residents in a referendum on Fudan University once the facts related to the investment are fully known, PM Chief of Staff, Gergely Gulyás, said after the large-scale Saturday demonstration. Budapest’s opposition leadership, meanwhile, claims victory while the mayor once again urged the government to publish relevant documentation […]Continue reading

Demeter said the ruling parties had also passed a law giving a 300 percent tax preference to companies that support such asset management foundations.

featured image via Attila Kovács/MTI