The government requires the declaration of certain exports of construction materials
The Hungarian government has ordered the mandatory declaration of the export of “strategic” building materials, such as gravel, cement, plasterboard and steel products, in a decree published in the latest issue of the official Magyar newspaper. Közlöny.
The decree also gives the state a right of pre-emption over materials that have been declared at a price “in line with their current market value”.
Failure to comply with the reporting obligation can result in the seizure of construction materials and fines of up to HUF 5 million.
The decree comes into force on Friday.
Prime Minister Viktor Orbán revealed a week earlier the measures to be taken to manage the rise in the prices of building materials. He said restrictions on exports of certain building materials would be introduced from the fall after the measure was approved in Brussels.
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