The new CEO of Hungary's largest lender has called for euro adoption and an end to Prime Minister Viktor Orban's improvised policymaking, which is undermining investor confidence and reducing valuations, reports Blomberg, writes FOCUS.
Hungary, whose economy has been in recession and is still trying to get out of it since the pandemic, has already "separated" from Eastern Europe, said Peter Csany, who took over as head of OTP Bank Nyrt in May.
''It would be "little surprise" if the economy grew by 0.8% this year, he said, referring to the central bank's downwardly revised forecast.
Hungary's largest bank calls for euro adoption
Hungary, whose economy has been in recession and is still trying to get out of it since the pandemic, has already separated itself from Eastern Europe, said Peter Csany, who took over OTP Bank Nyrt in May
Jul 18, 2025 20:13 508
