Hungary Plans To Extend Plaza Ban
- 5 Jun 2014 9:00 AM
Hungary plans to extend a ban on the construction of big shopping centres in spite of an infringement procedure launched by the European Commission, daily Magyar Nemzet reports. Kristóf Szatmáry, state secretary at the economy ministry, told the paper that the continuation of the ban was justified.
He added that such restrictions on construction are in place in several European countries, too.
The ban on shopping centres over 300 square metres is in place between 2012 and the end of 2014. In April, the EC launched an infringement procedure against Hungary concerning the ban.
Szatmáry said the ban had raised Hungarian companies’ share of the market for fast-moving consumer goods to 40%.
Source www.hungarymatters.hu
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