ADVERTISEMENT

'Fair banking' law talks set for November 4

Competition

Hungarian governing party Fidesz scheduled the first discussion of the “fair banking” bill for November 4 – the same date when party members will begin discussions on the conversion of foreign currency loans into forints, a senior Fidesz lawmaker announced today.

The head of Fidesz’s parliamentary group, Antal Rogán, said he had already written a letter urging President János Áder to sign the law passed last month forcing banks to pay refunds to borrowers.

"In this system of fair banking... the conditions for providing loans to consumers will be fixed, banks can compete in pricing only," Rogán said, according to Reuters.

ADVERTISEMENT

Bulgaria's household spending rise outpaces income growth in... Analysis

Bulgaria's household spending rise outpaces income growth in...

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.