Son of former Hungarian central bank chief moves assets to Dubai
The son of the former head of Hungary’s central bank, György Matolcsy, is transferring his most valuable assets from Budapest to Dubai. According to media reports, the items involved are of significant value and are being moved abroad.
This was reported by the Hungarian outlet 444.hu, citing independent sources.
According to the publication, Ádám Matolcsy entrusted the task to a Hungarian company specialising in logistics and transport.
Cars, furniture and other belongings were shipped by rail in containers and are expected to be loaded onto a vessel at a European port for delivery to the United Arab Emirates.
The article also states that Ádám Matolcsy is disposing of some of his property in Budapest; for example, he has sold most of the cars that were not sent to Dubai.
The cost of transporting a single car, based on European shipping standards, starts at around $1,600 but can be several times higher.
In autumn 2024, the son of the former central bank chief told Direkt36 that he had left Hungary and now earns a living primarily through international business interests and contracts, which are not connected to the Hungarian government or any other foreign government.
At the time, the outlet reported that Matolcsy was renting a luxury villa in Dubai.
According to 444.hu, citing a source familiar with central bank affairs, György Matolcsy himself has also been staying in Dubai for several months and only returns home occasionally — roughly once every few weeks for short visits.
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