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Hungary Mulls Special Telecom Tax to Help BKV, Index Reports

Hungary is planning to levy a special tax on telecommunications and public-utility companies in the capital to help finance the money-losing Budapest public transport company BKV Zrt., news website Index reported late yesterday, without saying how it obtained the information.

The government seeks to raise 15 billion forint ($67 million) per year from the new levy, according to Index.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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