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Extraordinary energy industry levy not on gov't agenda

Preparations to introduce an extraordinary tax on energy companies is not on the government's agenda, energy industry internet portal energiainfo.hu said, citing government sources.

Asked about speculation the government plans to introduce a tax on energy sector companies similar to the extraordinary bank levy, Prime Minister Viktor Orbán said in a television interview last week that the government would “take steps” if the 3.8%-of-GDP general government deficit target was endangered, but it would not do so in such a way as to burden ordinary people with austerity measures.

If the government does introduce the tax on energy companies, it would allow preferences or exemptions for companies that make investments in renewal energy or the creation of “green” jobs. (MTI – Econews)