Hungary's State Development Agency Blacklists Subsidised Companies
- 28 Oct 2013 8:00 AM
The state development agency NFÜ has announced a list of 2,493 companies that received subsidies but have failed to sign transparent ownership declarations after three calls to do so. The list was published on the NFÜ website over the weekend.
The subsidy contract with these companies will be cancelled soon, Prime Minister’s Office under secretary Nándor Csepreghy said, expecting the repayment of some Ft 50-100 billion.
The call for signing the declaration of having no offshore owners was sent to 46,000 companies.
Source: Hungary Around the Clock
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