President wonʼt sign bills that would shield public spending


Hungarian President János Áder declined to sign two measures to limit public information that were passed by Parliament on March 1: one allowing the Hungarian National Bank (MNB) to classify data on how it spends public money for its foundations and another restricting public access to information concerning the national postal service, according to reports.

In connection with the MNB legislation, the president asked for a ruling from the Constitutional Court, which has 30 days to decide whether the legislation is against Hungary’s Fundamental Law (Constitution). The president said that the legislation is not in harmony with laws regulating the handling of public money and providing public information, according to reports.

The MNB legislation was passed by Parliament at the beginning of March after the Budapest City Courtʼs ruling that the MNBʼs Pallas Athéné Domus Animae Foundation must publish information on the flow of public money, amounting to approximately HUF 260 billion. Socialist MP Bertalan Tóth had gone to court requesting this information, and won the right to have it published, but the new legislation would have annulled the Budapest Courtʼs ruling.

Áder noted that Hungaryʼs new constitution “places special importance on constitutional requirements affecting public funding and public information compared to the previous constitution”, Hungarian news agency MTI reported.

Áder cited the retroactive effect of the amendments to the postal act as justification for sending that legislation to the Constitutional Court, MTI reported.


Budapest Named 5th Best City in Europe for Bargain Lovers Analysis

Budapest Named 5th Best City in Europe for Bargain Lovers

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality


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.