Hungary Central Bank Scandal Sinks Polish Developer GTC’s Bonds
(Bloomberg) — Polish real estate developer Globe Trade Centre SA’s bonds have tumbled due to concerns over the potential fallout from a crisis engulfing a Hungarian central bank foundation. Optima Befektetesi Zrt., which manages the assets of the foundation, holds a 62.6% stake in GTC. A state auditor in Budapest said last week that the … Read more