Austrian Enterprises Fear Nationalization in Hungary

People ♦ Published: January 2, 2012; 17:09 ♦ (Vindobona)

Nationalization plans induce fierce criticism against the Hungarian Government. The Austrian waste management industry would be hit hard.

Austrian Enterprises Fear Nationalization in Hungary / Picture: © Vindobona.org

After extraordinary taxes and an enforced reconversion of foreign currency debts, the Hungarian government now plans to squeeze foreign waste treatment companies out of the country by legal means. Also the independence of the Central Bank has been abolished. As a result, worries about economic activities in Hungary arise.

The Austrian Chamber of Commerce is worried about recent…