Hungary’s Lawmakers Approve Third Utility Bill Cut

  • 6 Feb 2014 3:00 AM
Hungary’s Lawmakers Approve Third Utility Bill Cut
Lawmakers approved on Thursday the third law on reducing public utility bills for households. The law tabled by Fidesz’s parliamentary leader Antal Rogán passed in a vote of 298 to 7 with 5 abstentions. Under the law, the price of gas will fall by 6.5% from April while the price of electricity will be cut by 5.7% from September. District heating will be cut by 3.3% from October this year.

The law also regulates free ATM cash withdrawals, of which two up to 150,000 forints each (EUR 488) will be available free of charge each month. Banks not complying with the rule will be fined 500 million forints or more by the central bank.


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