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Index – Economy – Mihaly Varga asks for patience and understanding from Sandor Čani and the banking sector

Index – Economy – Mihaly Varga asks for patience and understanding from Sandor Čani and the banking sector

Sandor Chani, the leader of the Public Prosecutor's Office, spoke harshly to the government, because the banking sector bears burdens that no other country in the region experiences, while the government interferes in the operation of the sector at a level unprecedented in Europe. Finance Minister Mihály Varga asked Çaniyi for patience and understanding, but in the current economic situation the government needs tax revenues.

As we mentioned in the Index, Sandor Csanyi, President and CEO of OTP Bank, strongly criticized the government, because according to him, in no other regional country does the banking sector suffer from the same taxes and burdens as in Hungary.

It is a strange logic to impose a 5% interest rate cap on home loans, but I do not hear a word about the government taking on any inflationary liabilities in return.

– Chaney said, adding that the additional dividend tax should not exist in 2024, because the government did not fulfill the promises it made when it was introduced. He also added that government involvement in the banking system is unparalleled in Europe, and an example of this cannot be seen anywhere else.

the Economics According to his opinion, Finance Minister Mihaly Varga responded to the words of the leader of the Prosecutor's Office, asking him for patience, because the interest rate environment is not improving at the expected pace, and therefore the budget simply needs tax revenues. According to the minister, we live in a world where economic conditions are changing very quickly, but he admitted this

Since they had previously promised to abolish this tax, “we have now proposed a slow, gradual abolition.”

According to him, the measures taken in European countries in recent months and weeks affect the corporate or banking sector in a similar way, just think of Slovakia or France.