Bill would grant MFB exclusive rigths
State-owned Hungarian Development Bank (MFB) would be granted exclusive rights to provide certain services to state-owned companies under a bill submitted to Parliament yesterday by governing alliance KDNP, according to reports. The bill would also clear the way for MFB to lend to churches.
The justification of the bill says that the exclusive rights would be “in a narrow range” and are intended to support “transparency” and “management befitting state ownership”, Hungarian news agency MTI reported. The justification also says that the changes are not expected to have any distorting effect on the market and “will not affect commerce between European Union member states”, MTI added.
“The bill contributes to the establishment of a strong, harmoniously operating corporate group that, in addition to professionally conducting its basic scope of activities, can integrate and efficiently manage development policy goals and tasks,” MTI quoted the authors of the bill.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.