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Hungary set for row with EU over non-profit energy

Wed, 08/22/2012 - 3:25am
Reuters

BUDAPEST (Reuters) - Hungary expects heated debate with the European Union over government plans to transform energy distribution in the household sector into a "non-profit activity", Prime Minister Viktor Orban said on Wednesday.

Orban's conservative government has often been at odds with Brussels over controversial policies such as Europe's highest bank levy or hefty windfall taxes on selected business sectors.

These new taxes have helped stabilize the budget but have contributed to an erosion of investor confidence in the government's unconventional policies.

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