Évosz Urges Launch of Home Renovation Support Scheme
Construction association Évosz urged the launch of a home renovation support scheme and restarting the Green Home Program of the National Bank of Hungary (MNB) in a press release issued this week.
The association said a home renovation support scheme started in the spring would allow for energy efficiency upgrades ahead of the heating season. It recommended expanding the MNB's Green Home Program to home renovation.
Évosz also proposed allowing employers to offer their employees grants or credit of up to HUF 10 million for home purchases and HUF 5 mln for home renovations free of payroll tax. It urged an indefinite 5% preferential VAT rate for home construction.
The association estimated that around HUF 260 billion was paid to home renovators on the black market last year, resulting in HUF 70 bln in lost VAT revenue.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
