MNB looking to rent, not purchase, foreign offices
The National Bank of Hungary (MNB) will rent, not buy, property for its foreign offices, central bank governor György Matolcsy said in written answers to an MPʼs questions on Tuesday, Hungarian news agency MTI reported yesterday.
(Photo: Jessica Fejos)
The MNBʼs board has already approved the necessary funding, Matolcsy said, responding to a number of queries by Erzsébet Schmuck, an MP of opposition LMP, posted on the Parliament’s website. Matolcsy did not provide details on the cost of the offices, explaining that the expenditure is included only in aggregate form in the MNBʼs 2015 budget.
The MNB opened international offices in Hamburg and Paris in the summer. An office in Rome is set to open in the coming days, followed by ones in New York, Buenos Aires and Beirut "in the coming months". In past few years, the MNB has maintained offices in Tokyo, Frankfurt, New York, Paris, Zurich, London and Beirut.
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.