The decree also gives the state pre-emption rights for the materials that have been reported at a price "in line with their current market value".
Failure to comply with the reporting obligation may result in seizure of the construction materials and fines up to HUF 5 million.
The decree enters force on Friday.
Prime Minister Viktor Orbán revealed the steps to manage rising construction material prices a week earlier. He said curbs on exports of some building materials would be introduced from the fall after the measure is cleared in Brussels.
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.
