Magyar Telekom Set for Six-Week High on EU Query: Budapest Mover
The shares rose 1.8 percent to 460 forint by 1:24 p.m. in Budapest, the strongest level on a closing basis since May 11. The stock fell to a record low of 413 forint on May 21 after the government placed a levy on telephone calls.
The European Commission has given Hungary two months to provide further information on the tax, commission spokeswoman Emer Traynor told reporters in Brussels today.
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