ADVERTISEMENT

Matolcsy rewrites MNB constitution before taking seat as president

Deals

New central bank governor György Matolcsy spent his final days as national economy minister to amend the constitution of the National Bank of Hungary (MNB), strengthening the position of its governor, days before he took the seat himself, business website Portfolio.hu reported.

According to Portfolio, the resigning minister placed the rights of employment into the hand of the governor. The new governor will also be authorized to dismiss the bank's employees and to make decisions on their salaries.

A new position will also be implemented: MNB's CEO will have similar rights to the bank's vice chairmen. According to news website Origo.hu, it is likely that Matolcsy's former cabinet chief at the National Economy Ministry, Helga Wiederman will take the new position at MNB.

MNB Issues Instructions to Prevent Online Personal Loan Frau... Banking

MNB Issues Instructions to Prevent Online Personal Loan Frau...

Hungary Solar Capacity Climbs Over 6,700 MW Government

Hungary Solar Capacity Climbs Over 6,700 MW

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

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.