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'I Did Not Commit Insider Trading' According to Central Bank of Hungary, Says Magyar

• 26 Nov 2025 12:50 PM

Hungary's central bank (NBH) has ruled that opposition Tisza Party leader Peter Magyar did not commit insider trading or market manipulation. Magyar said in a statement on Tuesday that the NBH had terminated both proceedings against him.

"Once again, it's clear that [Prime Minister] Viktor Orban and his Fidesz cronies and propagandists have been lying to the Hungarian people for months and accusing us, without any basis, of committing crimes," the statement said.

He added that it was also clear that Mihaly Varga, as the central bank's governor, was "unwilling to surrender to the mafia boss Viktor Orban".

The task now was to find "the 650 billion forints [EUR 1.7bn] stolen from" the central bank, he said.

Watchdog fines private individuals for insider trading

The National Bank of Hungary (NBH) has fined four private individuals a combined HUF 75m for insider trading involving shares of holding company Opus Global, the central bank and financial market watchdog said.

The NBH also reported the individuals to law enforcement authorities.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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