Committee exempts seven projects from ban on big retail spaces
A committee whose members are delegated by Hungary's National Economy Ministry and Rural Development Ministry have granted exemptions from a ban on the construction of big shopping centers in seven cases so far, daily Népszabadság said on Monday.
The committee has received 23 requests for exemptions from the ban, the paper said. It has rejected three.
All of the requests are for shopping centers under 5,000 square meters.
The National Economy Ministry did not reveal the basis on which the committee takes decisions on the exemptions, the paper said.
Parliament approved the ban last year on construction of retail spaces over 300 square meters. The ban is in place until the end of 2014.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.