Hungary to extend plaza ban

EU

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 Kristóf Szatmáry 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. Szatmáry 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.

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