EBRD: Hungarian government fulfilling its contractual obligations

History

EBRD painted a favorable and improving picture of Hungary’s economic outlook, the Hungarian director at the European Bank for Reconstruction and Development (EBRD) Antal Nikoetti told Magyar Hírlap today. 

According to the former Deputy Secretary of State, the Hungarian government is fulfilling its contractual obligations with the EBRD, adding that he believes economic growth is more important for the banking sector than the reduction of the bank levy.  

Nikoletti acknowledged, however, that the bank levy reduction is a prerequisite for increased lending activity, but warned that such increased lending must be adjusted to real demand rather than being artificially boosted. Nikoletti dismissed criticism that the government set increased lending activity as a pre-condition for decreasing the bank levy saying there is no such condition.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.