Banks urge gov't to stick to convergence program

Initiatives

The Hungarian Banking Association urges the government to carry through with its convergence program, association president Tamás Erdei told a press conference on Thursday.

Because of foreign investors' expectations, failing to remain on the path outlined in the program would cause great harm to the country, Erdei said. Hungarian banks are having a difficult time planning for the coming years, because it is unclear how well retail and corporate clients will bear measures that are a part of the convergence program.
Erdei said banks expect no dramatic weakening of the forint in the future. In the coming months, it will trade between 265 and 280 to the euro, he said.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.