Hungary to extend plaza ban
Despite the infringement procedure launched by the European Commission in April, Hungary could extend a ban on the construction of big shopping malls.
State secretary KristĂłf SzatmĂĄry told the Hungarian daily Magyar Nemzet that the continuation of the ban has been justified. He noted that such restrictions on construction are also present in several European countries.
The ban on shopping malls over 300 square meters is in place between 2012 and the end of 2014. SzatmĂĄry said the ban had raised Hungarian companies' share of the market for fast-moving consumer goods to 40%.
In April, the European Commission launched an infringement procedure against Hungary concerning the ban. Following the EC procedure, Hungarian governing party Fidesz said that Brussels is taking the side of multinationals, again.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
