It will, however, fulfill its obligations under its agreement with EBRD by reducing the bank tax in 2016 and by not forcing banks to increase lending in exchange for that reduction.
In response to queries, Lázár said that in spite of expected tax reductions, the 2016 budget plan is sound and includes a contingency reserve.
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.
