BUDAPEST, July 9 (Reuters) – Hungarian banks said on Tuesday that measures requiring them to contribute to a “defence fund” would damage their ability to lend, rejecting government allegations that they had exploited the war in Ukraine to earn extra profits.
The government announced on Monday that it would finance a defence fund by keeping existing windfall taxes on retailers and multinational companies beyond this year instead of phasing them out as earlier expected. It will also tax banks’ foreign currency transactions and hike transaction fees.
Source: REUTER
