Plenary debate of bill on Central Bank Act moved forward to Friday
MPs at an extraordinary plenary session of Parliament voted to move forward to Friday debate of a bill on Hungary’s new Central Bank Act.
The motion to debate the bill with urgency was approved with 256 ayes and 56 nays.
The European Central Bank issued an opinion on the bill on Thursday, voicing concern that it could be detrimental to the National Bank of Hungary’s independence.
The new Central Bank Act is necessary because of Hungary’s new Constitution, which comes into force on January 1, 2012.
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.