US EditionHungary's Magyar to Meet MOL Chief Hernadi to Discuss Security of Fuel Supply
- On Thursday, Hungary's newly elected leader Peter Magyar will meet MOL executive chairman Zsolt Hernadi in Budapest to discuss fuel supply security and dividend payments to an Orban-linked institution.
- Magyar's centre-right Tisza Party achieved a landslide victory in Sunday's election, ending the 16-year rule of nationalist Prime Minister Viktor Orban.
- MOL's annual general meeting approved a 241 billion forint dividend payment on April 10, about 9% higher than the previous year, just before the election.
- Magyar expressed hope that MOL would refrain from disbursing the record dividend to Mathias Corvinus Collegium, a think tank with close ties to the outgoing Orban administration.
- Government actions over the next 20-30 days will be vital for the country, Magyar said on Wednesday regarding the transition period.
12 Articles
12 Articles
Hungary's Magyar to meet MOL chief Hernadi to discuss security of fuel supply
Hungary's election winner Peter Magyar said he would meet the executive chairman of oil company MOL , Zsolt Hernadi later on Thursday to discuss the security of fuel supply and a dividend payment to an institution linked to his predecessor.
Moreover, MOL should not pay the 25 billion dividend to MCC.
New Leadership, Fuel Security, and Controversial Dividends in Hungary
Peter Magyar, Hungary’s election winner, announced plans to meet with MOL's executive chairman regarding fuel supply security. He expressed concerns over MOL's record dividend payout to Mathias Corvinus Collegium, just ahead of elections. MCC, a think tank linked to the outgoing government, receives scrutiny amid these developments.
The future prime minister will meet with the head of MOL this afternoon, and has already announced in advance what expectations he will have when he arrives.
Péter Magyar, accompanied by Captain István Kapitány and András Kármán, met with Zsolt Hernádi and MOL's senior management.
Péter Magyar is negotiating with MOL's management about the security of fuel supply and the company's dividend payment, while the payment of tens of billions of forints to MCC has sparked controversy.
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