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Hungarian stock market and currency collapsed due to Viktor Orban’s contingency tax

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Following the Prime Minister of Hungary Viktor Orban, After announcing a plan to impose a tax on corporate excess profits (in English, “windfall tax”), shares of the country’s main companies and the local currency, the Hungarian florin, recorded a sharp drop.

Shares in Hungarian oil refiner Mol Nyrt fell nearly 15% this Thursday, falling 2.93% to 33.48 guilders. In turn, the country’s largest bank, Nyrt Bank, lost more than 13%.

In the foreign exchange market, the Hungarian currency depreciated 0.8% against the euro after losing 3.1% against the common currency, the biggest drop in two months. Currently, each euro is worth 391.85 guilders. This Thursday, the country’s central bank held a meeting, deciding to keep the key interest rate unchanged at 6.45%.

These movements in the markets come after Viktor Orban addressed the country via video message this Wednesday, announcing that “extra profits” would be taxed in the banking, insurance, energy, telecoms, retail and aviation sectors over the next two years. .

The collected money will help reduce the prices of utilities and reform the country’s armed forces. With this new recipe, Budapest will be able to bypass the ban on European funding imposed by Brussels.

Fidesz, Orbán’s party, won the April 3 election with 54% of the vote, giving him a two-thirds majority in parliament for the fourth consecutive time, legitimizing his leadership for another four years.

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Five killed and 500 injured when bench collapses during bullfight

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At least five people were killed and 500 injured when a bench collapsed in a bullring in Tolima, Colombia. The incident happened during a traditional race held during San Juan celebrations called “corraleja” where civilians fight bulls.

Tolima Governor Ricardo Orozco assured broadcaster Blu Radio that five people, including a minor, were killed in today’s tragedy.

“We deeply regret what happened in our bullring, Gilberto Charri, I want to ask the citizens who are in the arena to leave the territory, the control authorities are responding to the emergency, and the victims have already been taken to hospitals,” he wrote . for his part, the mayor of El Espinal, Juan Carlos Tamayo.


Colombian President-elect Gustavo Petro said on the social network Twitter: “I hope that all the people affected by the collapse of El Espinal Square will be able to recover from their wounds.”


Among the victims there are children, men, women and elderly people who watched what was happening.

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Alternative luxury destinations allow you to save up to 5600 euros. Know what – IVF

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Alternative luxury destinations allow you to save up to 5600 euros. Know what – IVF































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Russia warns that Moldova’s EU candidacy will have “negative consequences” for the country – Obozrevatel

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Russian Foreign Ministry spokesperson Maria Zakharova warned on Friday that the status of Moldova and Ukraine’s candidate for the European Union would be “Negative consequences” for both countries.

“By the decision to grant Ukraine and Moldova the status of a candidate country, the European Union confirms that it continues to actively study the countries of the Commonwealth of Independent States. [CIS, sigla em inglês] at the geopolitical levelusing them to “contain” Russia.”, declared It is reported by Reuters with reference to Maria Zakharova.

The diplomatic leader pointed out that the authorities of the two countries do not take into account the “negative consequences” of their decision, accusing the European Union of sacrificing democratic ideals through “limitless expansion” and politics, “politically and economically enslaves its neighbors.”

Former Russian President and Deputy Chairman of the Russian Security Council Dmitry Medvedev also criticized Moldova’s decision to join the European Union. In a post on his personal Telegram account this Saturday, the political leader indicated that the EU is seeking to create a “Greater Romania” – a union of Romanian and Moldovan territories – for which he has embarked on a “devaluation of Moldova”. through “hatred of Russia”.

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Pointing his finger at the Moldovan authorities, Dmitry Medvedev hinted that “European perspectives” for the country would bring “very expensive energy costs” and will also lead to the “loss of the Russian market” for Moldovan agricultural products. In addition, commenting on the country’s decision to apply sanctions against Russia, the former Russian president said that the country’s authorities are “trying to please their new masters.”

“Let’s let them do it. They can be 100% sure that they won’t get anything from us,” Dmitry Medvedev threatened, adding that Moldova could do without Russian “energy”, as well as “other resources”: “We will allow them to enjoy sanctions before joining the EU.”

For his part, Ukrainian Foreign Minister Dmytro Kuleba has already reacted to Russian warnings. “We are on the side of the people and the friendly government of Moldova,” he wrote on his personal Twitter account. In this publication, the head of Ukrainian diplomacy further accused Russia of “leaving threats to other states after decades of misguided policies based on aggression, coercion and disrespect.” “It just shows Russia’s weakness.”

See also  SIC News | Portugal explains why it did not sign a letter condemning Hungarian law that discriminates against the LGBT community.
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