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Report: President may not sign MNB’s secrecy law

History

Hungary’s President János Áder may not sign legislation passed by the Hungarian Parliament yesterday, under which the use of public money provided to the National Bank of Hungary’s (MNB) foundations can remain classified, Hungarian online daily Magyar Nemzet reported today.

The legislation comes following the Budapest City Courtʼs ruling that the Pallas Athéné Domus Animae Foundation must, by law, publish the flow of public money amounting to approximately HUF 260 billion, issued to the foundation, after Socialist MP Bertalan Tóth won a suit requesting this information, online daily index.hu reported. If the legislation comes into effect, this ruling will be annulled, index.hu added. 

Attila Péterfalvi, the head of Hungary’s data protection authority NAIH, strongly objected to the proposal last week when it was submitted to Parliament by a ruling Fidesz MP, index.hu added. He said that the legislation was in violation of the Fundamental Laws of Hungary, index.hu reported.

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