Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
He said the deduction was made against the city’s credit line, increasing interest obligations and reducing available operating funds.
The decision only applies to December 2024 and does not affect the capital’s request for legal protection covering the period from May to August 2025, which has already received a first-instance ruling from the Metropolitan Court.
As a result, the city is currently not required to pay HUF 28 bln. However, a second-instance ruling is still pending.
Whether an agreement can be reached with the government depends on whether the capital seeks further legal protection from September, Kiss added.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
