Bill would mandate MFB with EU funding tasks
The government submitted a bill to the Parliament that is intended to clarify the law on the Hungarian Development Bank (MFB), desginating it with tasks related to European Union structural and development funding. The proposed bill is expected to task the MFB with managing applications for funding, preparing decisions, executing financial transactions and monitoring processes.
State secretary Zsuzsa Németh said in September that the government was planning to transform MFB into a financial services center. The plan was to involve the MFB in the distribution of credit from European Union sources with the cooperation of the National Economy Ministry and the Prime Minister's Office, she said.
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.