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Tag: Antal Rogán

Banks have to inform clients that gov’t is to thank for fixing Hungarian mortgage rates

picture of Antal Rogán

Banks and financial institutions will be obliged to inform their customers that the government is to thank for fixing Hungarian mortgage rates. It is not enough to simply mention it either: they must also tell their customers precisely how much they are saving because of the measure.

The new regulation came to light in a government decree signed on Monday by Minister of Communication Antal Rogán (pictured). Under the regulation, banks will be subject to the same reporting obligations as energy suppliers, who are required to state on each bill exactly how much a given household has saved because of the government’s utility price cut policy.

The mortgage rate policy was initially announced by Viktor Orbán last month on Facebook. The Prime Minister cited rising interest rates and runaway inflation for the reason why the government needed to fix variable interest rates for mortgages until the end of the first half of 2022.

Variable-rate mortgage loans are around 466,000, or 40% of the total loan portfolio.

444 claims that the recently-published decree, like the utility price cuts, is misleading because the government is making the banking system absorb the missing funds, estimated to be around 30 billion Ft. (US $93.5 million), instead of taking it from the state budget.

Rogán’s decree additionally states that the wording of the bank’s statement to its clients will have to be phrased in a precise way. It even specifies the arrangement of the paragraphs and requires the use of the phrase “interest rate stop” at several points.

[444]

Gov’t plans to run “strong campaign” on anti-LGBTQ themes

picture of Antal Rogán

The government firmly rejects LGBTQ propaganda directed at children, and will run a “strong campaign” ahead of next year’s referendum on the subject, said Antal Rogán, the head of the Prime Minister’s Cabinet (pictured), at an annual hearing in the Justice Committee in Parliament on Monday.

Rogán said that as many people as possible should make sure they vote in the “child protection” referendum. The government’s position on the issue is well-known, he said: Hungarians should vote “no” on all four questions in the referendum.

The Cabinet head also stated that in addition to the referendum, the government will emphasize the importance of coronavirus vaccinations over the next few months.

He said all means will be used to ensure that 70% of those those who have already been vaccinated will receive their third vaccination by the end of January. He also does not see a need for vaccine mandates, believing that informational campaigns and personal messages sent to as many people as possible make enough of an impact. In addition, the government is planning more Vaccine Weeks, said Antal Rogán.

[HVG]

Gattyán’s company received 900 million Ft. from state fund

picture of György Gattyán

As previously reported, wealthy businessman György Gattyán announced this week that he would be running in the 2022 Parliamentary elections after commissioning a survey that he said found that there was demand among Hungarians for another political alternative.

Leaders in the united opposition coalition speculated that ruling government party Fidesz was possibly behind the political ambitions of Gattyán, who attained his wealth from adult-themed websites and online fortune telling, according to 444.

Válaszonline now reports that one of Gattyán’s companies received 900 million Ft. (US $2.75 million) from a capital fund associated with government minister Antal Rogán, head of the cabinet in the Prime Minister’s Office.

Based on company registration data, the news site writes that Netlock Kft., a member of Gattyán’s Docler Holding Group that produces e-signature systems for European markets, received 900 million Ft. from the Carion Group and a private capital fund of the state-owned Eximbank.

On Twitter, Momentum President Anna Donáth writes: “Fidesz is behind Gattyán. Period.”

[444]

Government communication efforts will receive an extra 5.6 billion Ft.

Telex has the details on 50 billion Forints (US $161.8 million) of spending that the government is internally reallocating.

The topline items are 26.6 billion Forints (US $86 million) going to the Finance Ministry for investments and renovations, and 5.6 billion Forints (US $18.1 million) headed to the Prime Minister’s Cabinet Office, led by the premier’s close confidante Antal Rogán, for “government communication and consultation.”