MNB publishes proposals for environmentally sustainable economic growth


Image by Jessica Fejos

Following consultation with civil organizations and environmental protection experts, the National Bank of Hungary (MNB) on Monday published a collection of proposals and initiatives it has taken to promote environmentally sustainable economic growth, according to a report by state news wire MTI.

Image by Jessica Fejos

The central bank put out a call for proposals in March 2020 and collected responses from 18 NGOs, environmental scientists, climate protection and energy experts. 

Recommendations for "green taxation" measures included modifying taxes on vehicles and transportation that would improve air quality, lowering taxes for investments improving the energy efficiency of homes, extending carbon taxing system, raising environmental charges and fees and reclassifying green energy production by farmers as part of the agricultural sector to unlock financial incentives. 

MNB noted that a significant portion of the proposals raised in the civil consultation fall outside its competence but the central bank promised to forward proposals to the relevant ministries, and by publishing the proposals, it wants to contribute to professional discussions and public thinking on the topics.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.