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Győr Mayor Initiates Talks with Péter Magyar Over Utility Company Crisis

Győr Mayor Initiates Talks with Péter Magyar Over Utility Company Crisis

From Magyar Nemzet · (1d ago) Hungarian Critical tone

Translated from Hungarian, summarized and contextualized by DistantNews.

TLDR

  • The mayor of Győr, Hungary, has initiated talks with Péter Magyar, leader of the Tisza Party, regarding financial mismanagement at the city's utility company, Győr-Szol Zrt.
  • Mayor Bence Pintér reported significant financial losses at Győr-Szol, including 1.7 billion forints from a housing fund and a total capital loss of six billion forints since 2020.
  • The mayor is seeking national government assistance to address the company's debt, which is exacerbated by the municipality's own financial constraints.

Győr's mayor, Bence Pintér, has taken an unprecedented step by reaching out to Péter Magyar, the prominent leader of the Tisza Party, to address a severe financial crisis plaguing the city's utility company, Győr-Szol Zrt. This move signals the gravity of the situation, as Pintér himself declared a "huge problem" within the company, necessitating external help from the national government.

there is a huge problem at the Győr city operating company.

— Bence PintérDescribing the financial situation at Győr-Szol Zrt.

An in-depth financial analysis commissioned by the mayor's office revealed alarming figures: Győr-Szol Zrt. has incurred a capital loss of six billion forints and a reduction in its earnings reserve by seven and a half billion forints since 2020. Furthermore, 1.7 billion forints from a housing fund have reportedly "drained away." The company, along with its subsidiaries, is deeply in debt, and Mayor Pintér expressed doubts about the municipality's ability to manage such substantial losses without significant support.

The analysis examining the company's operations from early 2016 to the third quarter of 2025, and the resulting report, confirmed all our preliminary fears.

— Bence PintérCommenting on the findings of the financial report.

Adding to the municipality's woes is its own strained financial situation, with a solidarity tax burden of 13.1 billion forints this year, severely limiting its operational flexibility. This complex financial entanglement is why Mayor Pintér has specifically invited Péter Magyar, a figure who has gained considerable public attention, to collaborate on finding a solution. From a Hungarian perspective, this situation highlights the critical challenges facing local governments in managing public utilities amidst national economic pressures. The involvement of a national political figure like Magyar in a local financial crisis underscores the interconnectedness of municipal and national governance in Hungary and the public's expectation for decisive action from all levels.

Győr-Szol Zrt. has a capital loss of six billion forints, and its earnings reserve – which is essentially the company's saved money, a financial safety reserve – has decreased by seven and a half billion forints since 2020; in just a few years, the company has depleted all its savings.

— Bence PintérDetailing the financial losses of the company.
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Originally published by Magyar Nemzet in Hungarian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.