Article Tools

„Hungary and Austria Must not Become Enemies“

Published: February 4, 2014; 10:32 · (Vindobona)

Ewald Nowotny, governor of the Austrian National Bank (OeNB) wants a solution between the Hungarian government and the Austrian banking sector.

„Hungary and Austria Must not Become Enemies“ / Picture: © Agenda Austria 2020

At a press conference in Budapest, Nowotny explained that the central banks of Hungary and Austria are facing difficult issues. Above all, foreign-owned banks are under pressure.

After the centre-right Fidesz has returned to power in 2010, the frame conditions for the Hungarian banking sector has changed fundamentally. Particularly for foreign banks, Hungary has become a highly…

This article includes a total of 500 words.

or Log In