Until last autumn, Nikolay Kosov headed the International Investment Bank, which is leaving Hungary. According to documents obtained by Direkt36, the Russian banker, who has since been hit by US sanctions, was planning to transfer his family’s assets to Dubai.

According to internal documents obtained by Direkt36, OTP closed the accounts of the International Investment Bank after the outbreak of the war. Followingly, the Russian-dominated financial institution turned to the government-close MKB to open a new account.

Internal documents obtained by Direkt36 reveal that the Hungarian government has become one of the strongest backers of the Russian-dominated International Investment Bank, which was brought to the brink of collapse by the war against Ukraine.

Direkt36 looked into the content of consultancy contracts that the Hungarian government signed last year with Klaus Mangold, an influential German businessman dubbed Mr. Russia for his Russian relations. These showed among others that he was entitled for a lucrative success fee in exchange for his assistance in the buy-back of the Budapest Airport.

Official document shows that Andrey Naryshkin, who acquired residency permit in the Hungarian golden visa scheme, had his registered home address in a property owned by pro-government businessman Shabtai Michaeli’s company just a few months ago. According to the government, Naryshkin’s residency permit was revoked by the counterintelligence service two years ago, but the case was stalled in court.

Viktor Orbán came home from his talks with Vladimir Putin saying that he did not expect war. When it did break out, there was some wavering on the continuation of the government’s pro-Russian policy, but in the end, there was no change of direction because of the importance of Russian natural gas as well as longtime anti-Western sentiments.

Russia’s hacking of the Hungarian foreign ministry is a concern for the EU, and the U.S. has already warned Hungary and other allies about the dangers of Russian cyberattacks. The Orbán government could in principle ask for EU help to tackle the problem, but there is no sign so far that it will do so.

Russia’s hacking of the Hungarian foreign ministry is a concern for the EU, and the U.S. has already warned Hungary and other allies about the dangers of Russian cyberattacks. The Orbán government could in principle ask for EU help to tackle the problem, but there is no sign so far that it will do so.

The Hungarian authority assessing the plans of Russian Rosatom will have to make a decision whether safe construction above a fault line which is vulnerable to earthquakes is possible.

Russian state actors hacked into the Hungarian Foreign Ministry’s computer network compromising internal correspondence and even a secure network that transmits classified information. The recurring cyberattacks over the past decade were kept quiet by the Orbán government, and have not been successfully countered. With the help of internal documents and background interviews, Direkt36 exposes Russian cyber espionage against Hungary’s MFA.