Here is the explanation why public money is spent on TV2 and Kopaszi dam

According to index.hu, Eximbank did not reveal which fund management company won the tender, which had unusual conditions anyway. Private capital was not needed, there was only a 10-day deadline, but the announcement of results had been postponed.

Weekly Figyelő wrote on Thursday that the parties have not said anything because of banking secrecy. According to Eximbank the negotiations had been protracted and if they failed to agree, the runner-up would “jump forward”.

Zoltán Urbán answered that the publication of the call was preceded by five months of preparation. The short deadline was explained by that they wanted to work with a company that was able to make such an application within 10 days. He added: 9 fund management companies satisfied the conditions, 8 bought the package, 4 issued it, and the bank began to negotiate with the one offering the best conditions, origo.hu wrote.

Photo: MTI

Copy editor: bm

Source: http://www.origo.hu