„Hungarian Economy Must be Rearranged“

More+Comment ♦ Published: January 18, 2014; 12:58 ♦ (Vindobona)

István Töröcskei thinks that the Hungarian banking sector is highly interesting. In general, the financial sector must help to develop the Hungarian economy, Töröcskei argues.

„Hungarian Economy Must be Rearranged“ / Picture: © Vindobona.org

In 2010, István Töröcskei acquired the Hungarian Széchenyi Bank. At the beginning of this month, the relatively small lender intended to take over the Hungarian subsidiary of Austrian Raiffeisen Bank International (RBI). However, the deal failed. Despite heavy losses and difficult frame conditions, RBI decided not the leave Hungary for the time being.

In an interview with the…