ADVERTISEMENT

Parliament approves amended building societies bill

In Hungary

pixabay

The Hungarian Parliament today approved the amended version of the National Building Societies (NOK) legislation, which was returned last week to lawmakers by President János Áder, according to reports. 

Antal Rogán, head of the Prime Ministerʼs Cabinet Office, drafted and handed the proposed bill in to Parliament two weeks ago, and it was approved in an expedited procedure. 

Áder returned the proposed NOK bill to lawmakers on March 24, saying that while the goal of the legislation to support home creation for families through state funding is a worthy one, implementing such a 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, according to reports.

ADVERTISEMENT

Varga: Q1 growth demonstrates ability 'to withstand crisis' Analysis

Varga: Q1 growth demonstrates ability 'to withstand crisis'

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.