The Hungarian Financial Supervisory Authority (PSzÁF) could continue to operate effectively if merged with the National Bank of Hungary (MNB), PSzÁF President Károly Szász said on Thursday. “If this step can still improve the presently good work (of PSzÁF), I will be happy, if such a step happens,” Szász said. Szász said that PSzÁF would function well in merger with the MNB if the authority’s functions remained distinct from those of the central bank. Governing Fidesz parliamentary caucus leader Antal Rogán announced on April 18 that the government is considering the possible merger of PSzÁF and the MNB. MNB Governor György Matolcsy said on April 25 that he would support such a merger if initiated by the government or governing Fidesz-KDNP coalition.
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.
