Hungary’s government is in talks with the Hungarian Banking Association on how personal bankruptcy could be introduced in Hungary without endangering the stability of the banking system, National Economy Ministry state secretary Gábor Orbán said at a conference organized by Portfolio.hu on Wednesday. Introducing personal bankruptcy would require an appropriate period of preparation, Orban said. “I would be surprised if personal bankruptcy would be introduced this year,” he added. National Bank of Hungary Márton Nagy said one idea would be to give troubled borrowers a “clean slate” 4-5 years after declaring personal bankruptcy. Parliament asked the government a year ago to consider the possibility of introducing personal bankruptcy in Hungary.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
