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PM promises to reveal brokerage-government ties

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The government intends to inform the public by Thursday on the nature of state institutions’ financial ties with brokerages, Hungary’s Prime Minister Viktor Orbán said in response to a Socialist MP’s query yesterday.

Speaking in Parliament, the Prime Minister promised that the ministries would collect relevant data by Thursday, and the public would be informed on that same day.

Orbán’s previous order to government institutions to withdraw their funds from all brokerages has been a frequent subject of discussion since the fall of local brokerage firms. News reports suggested that the Prime Minister had insider information on Quaestor’s financial problems, but Orbán denied any such information and said that he followed his “instinct” after the Buda-Cash brokerage’s scandal erupted.

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