business

Budapest, October 14 (MTI) – The National Election Committee (NVB) on Wednesday rejected a referendum question concerning foreign currency loans submitted by a private individual.

The question was as follows: “Do you agree that Parliament should adopt legislation which stipulates that banks should bear costs related to exchange rate rises on foreign currency-denominated loans?”

Andras Patyi, the head of NVB, said the question was ambiguous as to whether it would apply only to new or existing loans. It may also require a change of Hungary’s basic law, he said.

The decision may be appealed within 15 days.

Source: http://mtva.hu/hu/hungary-matters

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