Hungarian banks call for market shift under new leader
Hungary's banking sector seeks a level playing field and predictability under Peter Magyar. The association hopes to end years of ad hoc policy measures soon.
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Hungary lenders are demanding a shift toward market-focused policies and predictable regulation from incoming Prime Minister Peter Magyar following his April 12 election victory. The appeal follows 16 years of rule by Viktor Orban, whose tenure included special bank taxes and ad hoc fiscal measures. Restoring sector confidence is vital for reviving an economy that grew 1.7% annually in the first quarter after three years of stagnation.
