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National Bank of Hungary fined for improper public procurement

Hungary's public procurement arbitration board KDB has fined the National Bank of Hungary (MNB) HUF 500,000 for several infringements of the public procurement act in a tender it called for communications agency services.

The board's decision, posted on its website, was taken on May 6. The KDB also annulled the tender invitation.

MNB supervisory board chairman Zsigmond Járai told MTI early in April that the board had found a number of irregularities among the bank's contracts and would initiate a procedure with the KDB.