Hungary's Development Ministry: Rate Cuts Will See Off Foreigners

  • 8 Jan 2014 8:00 AM
Hungary's  Development Ministry: Rate Cuts Will See Off Foreigners
Some companies cannot afford the upcoming third wave of cuts in household energy prices and will be happy to get rid of their businesses in Hungary, Development Ministry state secretary János Fónagy told Kossuth Rádió on Tuesday.

He said the working team led by Fidesz caucus leader Antal Rogán will put forward a proposal to the cabinet on the sphere and ex-tent of the third round of cuts this month.

Source: Hungary Around the Clock

This news item is one of many published daily by HATC, a premier subscription news service which distributes English-language info about Hungary via email or fax. For a free trial of HATC follow this link and click on 'Free Trial Subscription'.

  • How does this content make you feel?