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 Uber Pulls Out of Hungary Thanks to New Regulations

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Uber Pulls Out of Hungary Thanks to New Regulations Vide
PostSubject: Uber Pulls Out of Hungary Thanks to New Regulations   Uber Pulls Out of Hungary Thanks to New Regulations Icon_minitimeFri Jul 15, 2016 12:07 am
Uber is pulling out of Hungary—for now. The company said on Wednesday that it will have to suspend operations due to new regulations in the country.

Uber Pulls Out of Hungary Thanks to New Regulations Uber

The European Commission may have recently pleaded with EU countries to go easy on “collaborative economy” platforms such as Uber, but Budapest is clearly not listening.
New legislation cleared the Hungarian parliament last month, requiring transport and communications authorities to block the apps of passenger transport companies that do not use a traditional dispatch service. Bans last up to a year and fines for non-compliance—which can be levied repeatedly—range up to 200,000 forints ($707).

http://fortune.com/2016/07/13/uber-hungary-ban/?iid=leftrail
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