Hungary to name NBH deputy by 1 July

Hungarian central bank (NBH) governor Andras Simor will name by 1 July who will be the central bank's second deputy governor, local newswire MTI reported on Wednesday 9 May.

Simor told MTI that upon his appointment he reviewed the structure of the NBH and came to the conclusion that streamlining would make its operations more effective.

Such an organisation needs to be created whose decisions are of higher quality and more effective, Simor added.

"If we say the public sector needs to be modern