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The Central Bank's Cash Rain Is Coming: Bankruptcies and Downgrades Are Possible for Companies with Stuffed NER
Summary by Privátbankár.hu
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Although the central bank's Growth Bond Program (NKP) ended almost five years ago, the flood of money that provided NER companies with cheap funding is now becoming truly dangerous for the Hungarian National Bank. Due to the change of government and the scrutiny of state contracts, once untouchable holding companies are collapsing or being classified as bankrupt: in addition to the bankruptcy of Bayer Construct, Opus, Market and 4iG are also und…
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