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Parliament to vote on some 'cardinal' laws only next spring

Parliament is not expected take a vote on six "cardinal" laws, among them the legislation on the central bank, parliament and elections, until the spring session, MTI learnt.

The new laws, which require a two-thirds majority for approval, are necessary because of Hungary’s new constitution, which comes into force from the start of next year.

Although the new constitution does not contain an explicit deadline for approval of the cardinal laws, the government is expected to submit an amendment that bridges the period between the time the constitution comes into force and Parliament’s approval of the laws, by June 30, 2012, MTI learnt.

Parliament is expected to approve this year cardinal laws on financial stability, on the protection of state assets and on family rights. Parliament has already approved cardinal laws on the election of MPs and their remuneration.

Reuters reported on Wednesday that the European Central Bank had already received the draft of Hungary’s central bank act, but had yet to form an opinion, citing an ECB spokesperson.

"The Hungarian government has submitted the new law on the National Bank of Hungary for assessment," Eszter Miltenyi told Reuters.