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Hungary to revive 5% VAT rate on housing to boost economy -PM

BUDAPEST, Oct 7 (Reuters) - Hungary will reintroduce a 5% value-added tax rate on housing projects until the end of 2022 to boost the construction sector and help recovery from the coronavirus pandemic, Prime Minister Viktor Orban said on Wednesday.

Orban also told private broadcaster HirTV in an interview that his administration did not plan any further restrictions within the next three weeks despite a surge in infections in new cases since late August. (Reporting by Gergely Szakacs Editing by Chris Reese)

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