Hungary launches up to $272 million tax cut package for small businesses

BUDAPEST (Reuters) -Hungary will launch a package of tax cuts worth 80 billion to 90 billion forints ($241.85 million to $272.08 million) for small businesses to be financed with a tax rise on banks next year, Prime Minister Viktor Orban said on Monday.

Orban said the measures would include postponing an excise tax hike on fuel by six months at a cost of 20 billion forints, providing tax benefits to energy companies to modernise infrastucture and cutting taxes for small businesses.

($1 = 330.78 forints)

(Reporting by Gergely Szakacs and Anita Komuves)