EcoMin state secretary says gov’t striving to reach agreement with EC

EU

Hungary’s government is attempting to reach an agreement as soon as possible with the European Commission (EC) regarding the new laws to which the commission objects, National Economy Ministry State Secretary Zoltan Csefalvay said at the Euromoney financial conference in Vienna on Wednesday.

Mr Csefalvay said if the points named by the EC contravene the European Treaty, the Hungary’s government and parliament will change them.

In response to a question, Mr Csefalvay said that it is in the fundamental interest of Hungarian citizens that the National Bank of Hungary be independent and able to perform its duty, the maintenance of price stability.

 European Commission announced on Tuesday it decided to start expedited infringement procedures against Hungary over stipulations in new laws concerning the independence of the central bank, the mandatory retirement age for judges and data protection.

 

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.