Bloomberg News

Hungary Tax, Wage Rise Impact May Fade in a Year, Simor Says

September 29, 2011

Sept. 29 (Bloomberg) -- Hungarian government plans to “significantly” raise the minimum wage next year, on top of excise and value-added tax increases, will boost inflation though their impact may fade in a year’s time, central bank President Andras Simor told a conference in Pecs, Hungary today.

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