Hungary allocates HUF 5.5 bln for fight against IS

Telco

The Hungarian government will allocate HUF 5.5 bln to fund preparations for Hungaryʼs participation in the international coalition against the Islamic State, Hungarian news agency MTI reported according to a government resolution published in the Monday edition of the official gazette Magyar Közlöny.

The economy minister must provide HUF 5.47 bln in preparation for Hungaryʼs participation in the coalition. Additionally, he must prepare a government proposal by May 31 to make additional resources available if necessary.

Foreign Minister Péter Szijjártó told Parliamentʼs foreign affairs committee on March 17 that Hungaryʼs participation in the international coalition against the IS is likely to cost HUF 20 bln in the first year. Talks are under way with the United States about equipment supplies that would represent some HUF 7 bln of the costs, he added.

Defense Minister Csaba Hende told Parliament yesterday that Hungarian soldiers in Iraq would be fulfilling their tasks far from the frontline and they would not be involved in military attacks. A contingent of 150 soldiers who volunteer for the task will be stationed in Erbil until December 31, 2017, he added.

ADVERTISEMENT

MOL Budgets HUF 40 bln for Domestic Exploration in 2023 Energy Trade

MOL Budgets HUF 40 bln for Domestic Exploration in 2023

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

BMW Adding Battery plant in Debrecen, Doubling Investment Va... Manufacturing

BMW Adding Battery plant in Debrecen, Doubling Investment Va...

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.