Hungary's PM Orban nominates Finance Minister Mihaly Varga as new head of the National Bank.

Hungary's Prime Minister Viktor Orban has nominated Finance Minister Mihaly Varga as the new Governor of the National Bank of Hungary, succeeding Gyorgy Matolcsy. Varga's nomination, which has been submitted to parliament for approval, comes as Hungary faces economic challenges, including a potential recession and currency issues. Varga, known for his cautious approach in economic policy, has held senior positions since 2018. His appointment is expected to impact Hungary's monetary policy and economic governance.

November 29, 2024
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