- 28 Jan 2014 8:00 AM
He added, however, that the Hungarian government’s utility price cut programme had a negative impact on the country’s competitiveness and was conveying a bad message to the economy. He argued that the liberalised energy market was contracting due to the cuts, prompting energy dealers to integrate, thus creating less competition.
OECD vice director Robert Ford said that Hungary’s special taxes should be gradually eliminated. Concerning OECD’s suggestion that Hungary would need a property and asset tax, Cséfalvay said that a large proportion of Hungarians were homeowners, and such a tax would weigh on low earners. “There is currently no room for such a tax,” the state secretary said.
Follow that link to sign-up for MTI’s twice-daily newsletter.