Hungarian Govt To Limit Executive Bonuses At State - Owned Companies
- 12 Dec 2013 8:00 AM
The government on Wednesday asked state-owned company executives to pay back any bonuses above 2 million forints (EUR 6,644) they received this year. Deputy Prime Minister Tibor Navracsics told Wednesday’s cabinet meeting that no bonuses had been paid in the public administration in 2013.
Tabloid Blikk wrote on Monday that several public-sector executives received premiums nine to ten times their monthly salaries. Top of the list was László Baranyay, head of the state-owned National Development Bank, with a bonus of 19.2 million forints (EUR 63,000).
The opposition Socialists and radical nationalist Jobbik parties criticised the high bonuses in separate statements and asked the government to “get them back”.
Source www.hungarymatters.hu
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