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. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more