Govt decides on muni debt takeover exceptions

MNB

Hungary's government has taken decisions on consolidating the debt of 14 small communities considered exceptional because of their high debt-to-resident ratios and stock of business loans, daily Magyar Nemzet said on Tuesday. The paper said the government decided to take over 100% of the debt of Szabadkigyós, Füzér, Fertőd, Besenyszög, Cserkeszőlő, Nagykörű, Újszilvás, Balatonfűzfő and Tótszerdahely. It will take over 60% of the debt of Aba, Bükkszék and Poroszló, 70% of the debt of Harkány, and 80% of the debt of Alsómocsolád. The government took over all of the debt of communities with fewer than 5,000 inhabitants - excluding the 14 exceptions - at the end of last year, repaying HUF 76 billion.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.