Hungary’s State Audit Office to probe central bank’s foundations
GETTY IMAGE DO NOT USE
Hungary’s State Audit Office (ÁSZ) launched preparations to review the financial management of the National Bank of Hungary’s (MNB) foundations, according to reports.
Under amendments the Hungarian Parliament passed yesterday such reviews are allowed, ÁSZ said yesterday, according to Hungarian news agency MTI. ÁSZ is scheduled to conduct inspections every six months, at times to be announced, and publish the findings, MTI added.
After Hungary’s Constitutional Court blocked legislation approved by Parliament but not signed by President János Áder attempting to shield the finances of the central bank, the MNB proposed the involvement of the State Audit Office (ÁSZ) in a review of the foundations of the central bank.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.