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Parliament passes cap on interest rates charged by private lenders
Budapest, 08.11.2011
By MTI Hungary’s parliament voted to introduce restrictions on interest and annual percentage rates (APR) of loans, setting their maximum at the national bank’s base rate and 24 percentage points, at a session late on Monday. Loans to purchase goods and credit card products, which involve higher risk and cost, are an exception, in which case the maximum interest rate or APR can exceed the base rate by 39 percentage points. The new law, to take effect on January 1 next year, stipulates that banks must not charge extra fees on top of the interest on a regular basis, and that the earlier preferential repayment scheme for forex mortgages should be extended to those borrowers that are leasing their properties. odkaz na stránku
Foto : Hungarian Parliament The Hungarian Parliament Building (Hungarian: Országház, literally country house) is the seat of the National Assembly of Hungary, one of Europe's oldest legislative buildings, a notable landmark of Hungary and a popular tourist destination of Budapest. It lies in Lajos Kossuth Square, on the bank of the Danube, in Budapest. It is currently the largest building in Hungary. Budapest was united from three cities in 1873 and seven years later the diet resolved to establish a new, representative Parliament Building, expressing the sovereignty of the nation. An international competition was held, and Imre Steindl emerged as the victor; the plans of two other competitors were later also realized in the form of the Ethnographical Museum and the Hungarian Ministry of Agriculture, both of which face the Parliament Building. Construction from the winning plan was started in 1885 and the building was inaugurated on the 1000th anniversary of the country in 1896, and completed in 1904. (The architect of the building went blind before its completion.) About one thousand people were involved in construction, during which 40 million bricks, half a million precious stones and 40 kilograms (88 lb) of gold were used. After World War II the diet became single-chambered and today the government uses only a small portion of the building. During the communist regime a red star perched on the top of the dome, but was removed in 1990. Mátyás Szűrös declared the Hungarian Republic from the balcony facing Lajos Kossuth Square on 23d October in 1989. Wikipedia
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