Mihály Varga appointed NBH governor

Hungarian President Tamás Sulyok has appointed Mihály Varga to a six-year term as governor of the National Bank of Hungary (NBH) at the Sándor Palace on Monday.

The NBH governor is appointed by the president of Hungary based on the proposal of the prime minister, after a hearing before a parliamentary committee.

Before receiving his letter of appointment, the former Finance Minister swore an oath on the Fundamental Law and to exercise his office for the benefit of the Hungarian nation.

The event was attended by Prime Minister Viktor Orbán, House Speaker László Kövér, Gergely Gulyás, the head of the Prime Minister’s Office and Máté Kocsis, who heads the parliamentary group of Fidesz.

Read also:

• Watchdog NBH fines Hungary’s two biggest banks for insufficient remedial measures
• NBH welcomes ECB opinion on amendment to central bank law