Hungarian Bioethanol Association: the government declared war on bioethanol
The Parliament adopted next year's tax laws along with the 4662/87 amendment. The excise tax on bio-ethanol will increase by 70 HUF per liter which is together with the VAT is 90 HUF increase per liter.
This will completely undermine the ethanol industry in Hungary, which affects adversely the Hungarian corn-producing farms in economic terms, and will worsen air quality as well.
With the new tax burden, gasoline will become cheaper that the E85 green fuel. It can rise suspections even before the European Union, that the government gives unfair economic advantage to a state company – can be read in the statement of the Hungarian Bioethanol Association.
Related news
Related news
Seven trends shaping in-store marketing and retail design in 2024
Smart brands know that in-store marketing and store design can…
Read more >2024 is a year of challenges for the tobacco industry and retail
Annual tobacco retail sales are expected to have increased in…
Read more >The latest issue of Trade magazine is out now!
The digital version is available with more content once again,…
Read more >