The IIB's office building in Budapest - Photo:

LMP raises questions around Hungary’s withdrawal from IIB

The opposition LMP party has called on the government to provide information concerning "unanswered questions" around Hungary's withdrawal from the International Investment Bank and the bank's decision to pull out of Budapest, LMP board member Ors Tetlak told a press conference on Thursday.

Tetlak said his party wanted to know how Hungary would be repaid its 74 million euro share in the bank. The party also wants information on the future of the bank’s headquarters, a landmark building situated next to Chain Bridge, which the IIB purchased in 2020.

Tetlak asked what would happen to the loans the bank has already provided as well as open transactions, and whether the government would intervene in respect of the bank’s extant affairs.

“Hungary will have truly left the spy bank — and the bank will have properly withdrawn from Hungary — only once the public is provided meaningful answers to those questions,” Tetlak insisted.

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