President Áder returns another bill to lawmakers

History

Hungary’s President János Áder (pictured) today returned to lawmakers proposed legislation on the National Building Societies (NOK) – originally put forward by head of the Prime Ministerʼs Cabinet Office Antal Rogán – after it was approved by Parliament in an expedited procedure last week, according to Hungarian news agency MTI.

Áder said that while the goal of the legislation to support home creation for families through state funding is a worthy one, implementing the law requires the establishment of a transparent organization that can provide appropriate guarantees to those participating in the process, with strict oversight of its operation, MTI added. 

According to the president, the legislation does not meet these requirements as it contains unclear and contradictory provisions concerning legal status, organization and operation of the National Building Societies and of the organizer operating it and managing its assets, MTI reported.

This is the third legislation that Áder returned to lawmakers without signing and subsequently putting forward requests for modifications. On March 9 the president declined to sign two measures to limit public information that were passed by Parliament on March 1: one allowing the Hungarian National Bank (MNB) to classify data on how it spends public money for its foundations and another restricting public access to information concerning Hungaryʼs national postal service.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.