ADVERTISEMENT

Hungary levies tax on solar panels

Sights

Given that solar panels are considered a significant contributor to pollution – category 3 on a scale where batteries are considered a safer category 2 –  owners of such devices will be required to pay HUF 114/kg of total panels in environmental protection fees, Hungarian online daily Origo reported yesterday.

The LMP, or green party, said it is “unacceptable” that the government is levying taxes on environmentally friendly solar panels, and the party sought to initiate changes to the legislation. LMP also called on President János Áder to object to the legislation and “to act for environmental protection”.

Last week Áder announced at a press conference that his office is setting up a new directorate for environmental sustainability.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.