Hungarian news portal index.hu early yesterday reported that Development Minister Miklós Seszták had sent out a memo to all the ministry supervised companies to stop all contracting.
According to the statement of the ministry, the ban is expected to stay in effect through July and August. Contracts that are essential for daily operations can still be signed, though only with the approval of the minister and the secretary in charge, the statement added.
The statement justified the ministry’s decision by reporting that the current suspension is in place to prevent public companies from taking obligations that could prove to be either difficult or expensive to control.
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.
