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Business association backs government action plan

The Hungarian Employers' and Industrialists' Association (MGYOSz) supports the government's action plan as it is in harmony with the association's proposals on a number of points, MGYOSz told MTI on Thursday.

MGYOSz, which represents more than 60% of the business sector, said the planned changes to the tax system in particular are expected to produces positive results. However, the association takes a cautious view of the introduction of the special banking tax and suggests that the restructuring of the system of social security contributions should be reconsidered. (MTI-Econews)