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Reuters
Reuters
Business

Hungary's Orban hands ex-aide, finance minister economic challenge

Hungary Viktor Orban Ukraine Deficit Inflation
FILE PHOTO: Hungarian Prime Minister Viktor Orban attends the opening session of Hungary's new parliament in Budapest, Hungary, May 2, 2022. REUTERS/Bernadett Szabo

Hungary's Prime Minister on Friday put former central banker Marton Nagy and finance minister Mihaly Varga in charge of tackling the economic challenges caused by soaring inflation, the Ukraine crisis and a ballooning deficit.

Viktor Orban, who was reelected for a fourth consecutive term in April elections, appointed Nagy to the new post of minister of economic development and said that Varga would stay in his job as finance minister, state news agency MTI reported.

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