• Home
• Channel: Current Affairs
• Orbán To Propose Matolcsy As National Bank Of Hungary’s Governor For New Term

Orbán To Propose Matolcsy As National Bank Of Hungary’s Governor For New Term

• 13 Feb 2019 7:45 AM
• Hungary Matters

After a hearing of the candidate in Parliament, Prime Minister Viktor Orbán intends to recommend the reappointment of György Matolcsy as Governor of the National Bank of Hungary to President of the Republic János Áder.

The Prime Minister wrote to Speaker of the House László Kövér, informing him about his recommendation, and requesting that he arrange for a hearing of György Matolcsy before Parliament’s Economic Committee.

Mr. Matolcsy’s current six-year mandate as central bank governor will expire on 3 March 2019.

According to the Act on the National Bank of Hungary, it is the Prime Minister who recommends a prospective governor to the President of the Republic.

The mandate of the central bank governor is for a term of six years. A person can hold the office of Governor of the National Bank of Hungary for a maximum of two terms.

Fundamental Law states that the central bank governor is to be appointed by the President of the Republic.

MTI Photo: Kovács Tamás

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• PM Orbán Matolcsy National Bank Of Hungary Governor

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Opposition Parties Criticise Orbán Choice for New Governor of National Bank of Hungary

• 2 Dec 2024 6:26 AM

The opposition Democratic Coalition (DK) and Socialist parties have criticised the prime minister's decision to nominate Mihaly Varga, the incumbent finance minister, to serve as the next central bank governor, saying he would "further weaken" the forint.



New Coins Commemorate 75th Anniversary of Hungarian-Chinese Diplomatic Ties

• 30 Oct 2024 6:37 AM

The National Bank of Hungary (NBH) commemorated the 75th anniversary of the establishment of diplomatic relations between Hungary and the People's Republic of China by presenting a coin set issued by the bank for the occasion and a book titled The 75th Anniversary of Hungarian-Chinese Financial Relations, the NBH said.



Atlatszo Investigation: Sovereignty Protection Office in Hungary Requested Information on Private Bank Accounts

• 21 Aug 2024 10:41 AM

According to documents obtained by Atlatszo by order of a Hungarian court, requests made by the Sovereignty Protection Office to several institutions appear to exceed the legal mandate of the organization.



Crisis Continues: Thousands of Ukrainian Refugees in Budapest Supported by Interchurch Aid

• 15 Apr 2024 6:54 AM

Hungarian Interchurch Aid has helped several thousand refugees at its Budapest centre for supporting Ukrainian refugees that opened eighteen months ago, the organisation’s head said on Friday, after meeting with Transcarpathia governor Viktor Mikita.