Govt publishes full-page ads against IMF
The Hungarian government published full-page advertisements in several national dailies on Tuesday, carrying the message that it would not yield to the International Monetary Fund (IMF) by implementing tax hikes or cuts in benefits.
"We won't yield to the IMF.", "We won't give up Hungary's independence." were among the messages published in the ads.
The ads were printed under the heading of "government information" and contained rejections of measures allegedly suggested by the IMF for adoption, such as a real estate tax, or cuts in family benefits. A firm "no" was printed across the text of these measures.
The ads in business daily Napi Gazdaság and daily Magyar Nemzet said what the government expected from the IMF was "respect and trust".
Hungary is seeking precautionary financial assistance from the IMF and the European Union.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
