Hungarys parliament to debate further utilities price cuts.

By bne IntelliNews March 18, 2013
The Hungarian parliament will launch on Monday (March 18) discussions on proposals for cutting the water and sewerage services and waste collection tariffs, MTI news agency informed. The authorities plan to lower the costs by 10% as of July 1, 2013. The draft also prohibits waterworks and waste collection companies from passing on to consumers the cost of sectoral taxes and the financial transactions duty. Utilities will be obliged to report on their compliance with the price reductions monthly to the National Consumer Protection Authority. This move will follow a 10% cut of the retail electricity, natural gas and district heating tariffs, which became effective last January.

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