The Budapest Chamber of Commerce also opted for Parragh’s modern proposal



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According to the document, the proposal made by the president of the MKIK is considered unprofessional by both parties. According to the agreement, “any IPA exemption it is only possible if the municipalities are reimbursed simultaneously and fully to finance their operating expenses. Any proposal to the contrary poses serious problems for public services, which are fundamental to the economy.

The mayor appears in the agreement raised to IPA according to which companies with a tax base greater than HUF 5 billion should pay a business tax 0.5 percentage points higher Reset Tax called. In this regard, the BKIK considered that the tax increase could not be supported because the crisis should not be addressed with a tax increase. The Chamber would like to agree on the details of the tax to be charged.

We also agreed to take advantage of the opportunities provided by the Budapest Public Foundation for Business Development. we are jointly launching a program to quickly help the most disadvantaged micro-businesses and some small businesses with microcredit, worth approximately HUF 2.5 billion – wrote Gergely Karácsony.

“We know that more would be needed, companies in Budapest would deserve more, but in our difficult situation due to the epidemic, the crisis and the austerity of the government, now we can take that help responsibly. We try to help together in other ways,” he said.

The Budapest City Council and the Budapest Chamber of Commerce and Industry jointly for Budapest companies serving the population launches a coupon program. As part of this, consumers can purchase services in advance, which helps fund struggling businesses. We work together on the details of the programs that help businesses in Budapest.

Point 5 of the agreement establishes that the capital agrees and supports BKIK’s proposal that it is possible to use new instruments to raise resources for crisis management. In consecuense

Jointly develop the details of a crisis management bond issuance program.

This bond would have an interest rate of 0% and would be purchased by Magyar Nemzeti Bank. This will create resources specifically to help struggling micro and small businesses. The parties had 60 days to prepare for this.

Cover Image Source: Getty Images



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