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 "Employers will be able to sack employees with immediate effect under the code MPs passed in a Socialist-initiated roll call ballot yesterday. Opposition MPs dissented against the new code, which will come into force on July 1, 2012, replacing one passed in 1992. more » "Raiffeisen Bank will close ten branches and lay off more than 100 staff before the end of this year, news website Origo learnt from sources who asked to remain anonymous. Raiffeisen will scale down its operations, citing the accumulating financial burdens of the bank tax, the foreign-currency mortgage early repayment scheme and additional funding needs at its Hungarian units. more » "Chocolate maker Bonbonetti has returned its Ft 150 million state subsidy and cancelled the planned Ft 450 million expansion project at its factory in Nagykanizsa, Zala county in response to the Ft 800 million “fat tax” to be launched next year. more » "Erste Bank announced its plans to close 43 of its 184 branches in Hungary on Friday evening, meaning that it will dismiss 400-450 employees, or 15% of the payroll. The crisis has reduced revenues, loan extensions have been cut back, an excessive bank tax was levied and the foreign-currecy mortgage early repayment scheme is also causing losses, Erste explained, adding that it will close the 43 branches after the mortgage programme ends. more »|
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