legal and financial

The Prime Minister's Office has canceled its framework contract with Lounge Event Enforcement proceedings were initiated against Lounge Event Kft. on July 8, 2026. The company has not yet informed the Prime Minister about the details of the proceedings, despite its obligation to cooperate based on the relevant legislation and the relevant contract, so the contract cannot be maintained. In recent years, the Lounge group has been a key player in the state communication and event organization mar…

Damascus, Aug. 6 (SANA)Syrian Finance MinisterMohammed Yisr Barniehhas suspended 34 employees from several finance directorates and theReal Estate Bankand referred them for investigation under legal procedures as part of theMinistry of Finance‘s efforts to combat corruption and strengthen integrity across its affiliated institutions.In a post on his Facebook account on Thursday, Barnieh said the decision covers 24 employees from finance directorates in the governorates of Damascus, Hama and Alep…

Damascus, Aug. 6 (SANA)TheCentral Organisation for Financial Control(COFC) has uncovered acorruption caseinvolving a 2021 contract at the state-ownedReal Estate Bankto develop and modernize its banking system, with financial damages totaling $8.454 million.COFC’s media office told SANA that investigations revealed contractual, legal, and financial violations, including failure to follow standard legal contracting procedures, obtaining exceptions from the Prime Minister’s Office at the time witho…

The government has decided to maintain the current fuel prices until further notice. Before a final decision is made on abandoning the price cap method, the government will hold further consultations with the various social groups. It should be mentioned that the financial loss due to the price cap method amounts to more than SRD 350 million per month. According to calculations by the Ministry of Finance and Planning, this will amount to approximately SRD 3 billion if the government maintains t…

The government withdraws from the purchase of the Zugló City Center Office Complex A comprehensive legal and financial review of the investment was launched, as a result of which the government decided not to enter into the final sales contract for the office buildings. According to the government's point of view, the investor did not fulfill his obligations under the contract by the deadline. The Hungarian National Property Administration (MNV) also found other objections: among other things,…

Details of the revised recovery plan have been released The Magyar Közlöny published the details of the modified recovery plan in order to obtain European Union funds. The changes were necessary so that, despite the tight deadline, the government can bring home as much money as possible, HUF 3,553 billion, this year from the frozen budget. The so-called Recovery and Resilience Building Facility (RRF) of the European Union is a financial fund that aims at economic recovery after the coronavirus…