Vladimír Urbánek (Kurzy.cz)
Finance  |  November 29, 2010 12:04:40

Credit Agricole is recommended to dispose of assets in Hungary due to illegibility of absolute government. Funds are considering leaving the country


For investors ahead completely illegible steps marked the Hungarian government in today's Credit Agricole Cheuvreux report and recommended that investors consider selling their assets in the country. The reason is the decision of the Hungarian government for extraordinary taxation of banks and virtually all key sectors of the Hungarian economy special emergency duties to join the de facto nationalization of saving for retirement in the country. The government headed by Prime Minister Orban decided to move investments in private pension funds by the end of January 2011 under state control. Who refuses to move from savings, leaving only vented 10% of their salaries in the private fund loses 24% and the contribution that the employer pays him. So come on about 70% of their contributions.

Full article can be found on the server Patria Online, namelyHERE

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