There needs to be a new balance between East and West, as well as between nature and technology, the governor of Hungary's central bank said.Continue reading
Hungary has become the first country in the world to successfully issue a green “panda” bond – targeted at the domestic Chinese market – with a value of around 50 billion forints (EUR 136m), Finance Minister Mihály Varga said at a press conference on Tuesday.
A week earlier, Zoltán Kurali, the head of the Government Debt Management Agency, said Hungary had mandated the Bank of China to arrange the issue of a yuan-denominated green panda bond. He said the aim of the transaction was to ensure Hungary’s continuous market presence in China.
Featured photo illustration by MTI/EPA/Berlin Zoo