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Hungary Abandons Radical Resolution On Foreign Exchange Loans
People ♦
Published: July 25, 2013; 17:47 ♦ (Vindobona)
Foreign currency denominated mortgages for home purchases shall be phased out.
Hungary Abandons Radical Resolution On Foreign Exchange Loans / Picture: © Vindobona.org
The Minister for National Economy is about to start negotiations with credit- and financial institutions active in the field of domestic lending. Minister Varga said that in the opinion of the Government foreign currency denominated mortgages for home purchases need to be eliminated from the domestic lending market in a way which “takes into consideration the aspects of timing and…
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