Economy Minister Varga For Transparent Bond Sellers

  • 18 Feb 2015 8:00 AM
Economy Minister Varga For Transparent Bond Sellers
It would be better to give the opportunity to sell residency bonds to more transparent companies than at present, Economy Minister Mihály Varga told Inforádió yesterday.

Existing agents have been criticised for making too much profit on the sales and for their opaque offshore ownership.

Selecting the present selling agents was an optimal solution, but in the future greater transparency can be required, Varga said.

The scheme is a success, he added, as it has generated Ft 150 billion in credit.

Source: Hungary Around the Clock

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