Hungary Submits Response To Brussels’ Recommendations

  • 5 Jun 2014 9:00 AM
Hungary Submits Response To Brussels’ Recommendations
The government has responded to country-specific economic policy recommendations by the European Commission, rejecting EC criticism regarding the tax system and the government-initiated utilities price cuts, the National Economy Ministry said on Wednesday.

The government submitted the responses by the deadline, late on Tuesday, the ministry said. The ministry said already on Monday, after the recommendations were published, that the government did not agree with Brussels’ assessment, or its recommendations, on several points.

The ministry said the recommendations did not take into consideration the “undisputable improvement” of the Hungarian economy in recent years. Hungary disagrees with some of the comments and recommendations regarding the tax system, the ministry said.

Changes to the tax system, reducing employment-related burdens of businesses and reducing and simplifying taxes on small businesses played an important role in the recent turnaround in the field of growth, investments and employment, the ministry noted.

The National Economy Ministry also voiced disagreement with criticism of the government-initiated utilities price cuts, and said that lower energy prices have helped households financially and improved the competitiveness of domestic businesses.

The government will make efforts in consultations over the coming weeks to ensure that the final version of the recommendations, to be approved by the EU Council at the end of June, better reflect the improvements of the Hungarian economy, the ministry said.
 
Source www.hungarymatters.hu 
 
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