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Government to Abolish Price Caps Starting August, Introduces New Measures to Help Young Couples Start a Family

Minister Gulyás announced that the maximum amount of the childbirth incentive loan (Babaváró hitel) will increase to 11 million forints. This change will come into effect in 2024 and will apply to couples where the woman is under 30 years…

Mihály Varga: The 2024 Budget is a Defence Budget

The 2024 budget is a defence budget because during times of war, Hungary needs a budget that guarantees its security, protects families, pensions, jobs, and reduces utility costs, the Hungarian finance minister stated in parliament on Tuesday….

Viktor Orbán: The Hungarian People Will Again Be Proven Right

Viktor Orbán explained why his politics will eventually be proven right: ‘We were the only ones who said that borders must be protected during the migration crisis. Later, more and more EU member states realised that we were right. The…

Mandatory Discount Programme in Grocery Stores in Effect Starting Today

Starting from today, the mandatory discount programme has been launched in grocery stores all over the country to make sure Hungarian families have access to basic foodstuffs at affordable prices….

EBRD Improves Forecast for Hungarian Economy

In its Tuesday report, the bank estimated a real growth of 0.4 per cent for 2023 and 3.5 per cent for 2024 in Hungary. The bank increased its estimate for the Hungarian Gross Domestic Product growth this year by 0.6…

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits….

Government Spokesperson: The Threat from Nuclear Superpowers is Worrying

Alexandra Szentkirályi reiterated that Hungary still does not and will not ship weapons to Ukraine nor will it allow other countries to ship weapons through its territory….

Price Cap to Remain Until 30 June, Inflation on a Downward Trajectory

The minister announced that the government has imposed a ban on 25 agricultural products from Ukraine, including grain, sunflower seeds, cooking oil, and specific meat products until 30 June. He also noted that while according to the European Commission, Ukrainian…

Viktor Orbán: If There Is a World War, It Will Be Nuclear

The PM opined that if the escalation leads to a world war, it is definitely going to be nuclear. He said that the situation in Ukraine is getting worse by the week, and the danger of escalation keeps increasing….

New Consumer Protection Measures Introduced to Fight Inflation

To make the process of reducing inflation as strong and significant as possible, all possible tools must be used, they added. For this reason, in collaboration with the government, the Hungarian Competition Authority is establishing an online price monitoring system…

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