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Mattheisen: Hungary lacks stable economic policy

Foreign investors first and foremost look for a stable economic policy in Hungary, but this is not the case right now when surprises and unexpected situations are bound to happen daily, Magyar Telekom chief executive Christopher Mattheisen said at a conference. Although Magyar Telekom, owned by Deutsche Telekom, is severely impacted by the government's tax measures, the highest priority today is to get the Hungarian economy back on its feet, Mattheisen acknowledged at a roundtable event yesterday. Magyar Telekom, Hungary's dominant telecommunications company, will have to pay an estimated HUF 27.5 billion a year in extra taxes levied by the government on the telecom, retail and energy sectors for 2010-2012. (BBJ)