Hungary’s PM and head of the ruling Fidesz party, Viktor Orban, unveiled his governing program seeking for a re-election at the April 6 vote, portfolio.hu reported. Orban pledged, his next government to keep unchanged the current priorities, which he summed in a ten-point list.
The goals include larger local funds in the financing of public debt, changes in the ownership structure of the local banking sector with at least 50% of the banking sector controlled by the stat. Orban plans to reduce labour taxes, including a possible cut to contributions. As regards the energy sector, the PM vowed to turn the energy generation industry into a non-profit service. Another goal is the reindustrialization of the country, as Hungary needs to surpass the Czech Republic and even Germany in this respect. Orban also plans changes to the ownership structure of agricultural land, setting up innovation hubs. Economic policy decision will take into account demographic considerations.
The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more
Hungary’s Government Debt Management Agency AKK announced on September 26 that it plans to issue 10-year Eurobonds to refinance high-interest dollar bonds maturing soon. The agency mandated BNP ... more
South African fund NEPI Rockastle said it has acquired two new shopping centres – in Hungary and Bulgaria – for a combined €528mn. The fund, which purchased another shopping centre in ... more