The Four Tigers market in District VIII faces imminent closure, pro-government newspaper Magyar Hírlap reported on Saturday citing local mayor Máté Kocsis of the governing conservative party Fidesz.
Kocsis claimed that the state is missing out on HUF 10-15 billion (EUR 35.17-52.76 million) in tax revenue and that the market is rife with illegality. The mainly Chinese and Vietnamese traders have been the focus of numerous raids by tax and customs authorities over the years, often ending in the seizure of counterfeit goods.
The site on Kõbányai út (road) is leased by state railway firm MÁV for HUF 30 million (EUR 105,526) a month under a contract with a 150-day notice period.
Plans for property
The government has said District VIII will be compensated for the loss of Orczy kert, a large park on Üllõi út, which is set to be acquired by the National Public Service University. “According to the plans, part (of the Four Tigers site) will be turned into a sports park with a skateboard arena, handball and football grounds – while the other, we hope, will have council flats built on it,” Kocsis said.