Fidesz: November deadline for forex loan solution

History

Apparently, some members of Fidesz are already growing impatient with the process of negotiating a plan to bail out borrowers of forex-based mortgage loans: Fidesz Parliamentary Group Head Antal Rogán today in Visegrád stated that banks now have until November 1 to solve the problem.

Should no alternative proposal be put forth or amendments are not made to proposals currently before the central government, the government will put forth its own proposal, according to Rogan.

Earlier today, news service MTI reported that the National Economy Ministry is still reviewing the two proposals put forth by the Hungarian Banking Association (MBSz) in late August, but ministry sources did say that “part of the proposals made by the association were unacceptable.”

The banks have 1½ [to create] an opportunity to resolve this problem,” Rogan said, “as they also have the moral obligation [to do so.]”

Party interests reportedly “expect banks to modify the contracts...if this does not happen then the state will step in, and will work out its own proposal which parliament will approve before the end of the year. And the direction of this is fairly obvious.”

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.