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Varga Ready to Exercise Fiscal Veto if Debt, Deficit at Risk

Finance Minister Mihaly Varga, as the head of a new budget working group for fiscal discipline, said he would exercise a veto right over allocations if he saw that they would put the general government deficit or state debt levels at risk, fielding questions from journalists on Thursday, according to a report by state news wire MTI. ....

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Hungary central bank seen defying government pressure to accelerate rate cuts

The National Bank of Hungary is expected to cut its base rate by another 75 basis points to 11.5% next Tuesday, a Reuters poll showed, with the bank under pressure from Prime Minister Viktor.
-November 17, 2023 at 06:15 am EST
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EBRD sells 15% stake in Erste Group Bank's Hungarian unit -director

EBRD sells 15% stake in Erste Group Bank's Hungarian unit -director
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