The must-have newsletter about Hungary

Related Articles

COMPETITION OFFICE URGES INCENTIVES FOR PAYING WITH PLASTIC

 

Hungary’s Competition Office (GVH) has proposed the government use tax policy tools to incentivise the use of bank cards and reduce cash payments. GVH proposes in the document minimising or eliminating fees on the number of bank card transactions which, it said, hits small merchants especially hard. It also recommends expanding a state subsidy scheme for POS terminals to businesses with bigger turnover.