ADVERTISEMENT

Gov’t to reallocate HUF 2.7 bln from National Protection Fund

Telco

pixabay

The government will reallocate more than HUF 2.7 billion from the National Protection Fund under a decree published in the official gazette Magyar Közlöny yesterday, according to Hungarian news agency MTI.

HUF 1.7 bln of the funds will be spent on financing a Memorial Year in commemoration of political prisoners and forced laborers in the Soviet Union. Some HUF 300 mln will be spent on supporting competition sports, and HUF 200 mln on the Budapest Maccabi Europe Games to be held in 2019, the news agency said.

The transfer also includes HUF 190 mln for home-grown projects to be financed by the Development Ministry and nearly HUF 170 mln for project support at the Ministry of Human Capacities, the decree said, according to MTI.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

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.