Parliament established on Tuesday the committee tasked with investigating the privatisations of former national airline carrier Malév and airport operator Budapest Airport. The sale of the state’s shares in Malév to Russian oligarch Boris Abramovich’s AirBridge in 2007 – later taken over by Russia’s Vnesheconombank – and its subsequent renationalisation in 2010 during the successive… Continue »

Lawmakers on Tuesday tabled a bill to amend legislation on the Hungarian National Bank in a bid to convince the European Commission to give the green light to International Monetary Fund bail-out talks. Reforms enacted in 2011 are seen as threatening the independence of the central bank. The National Economy Ministry acknowledged that the amendments… Continue »