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Hungary Outperforms EU Gas Consumption Reduction Targets for Second Consecutive Year

According to the Hungarian Ministry of Energy, Hungarian gas consumption, similarly to the previous cycle, decreased by a fifth in the last period observed, outperforming the compulsory target prescribed for EU member states….

Families Prefer to Keep Savings in Government Bonds, Ministry Says

As a result of a series of government initiatives, both households and institutional players have significantly increased their holdings of government bonds. In an unprecedented manner, households now hold a larger amount of government bonds than bank deposits….

National Bank: Consumer Price Index Expected to Drop by 7–8 Per Cent

The director of the National Bank of Hungary (MNB) András Balatoni explained that the strict monetary policy, decreasing global commodity prices compared to last year, restrained consumption, and market-boosting measures by the government are increasingly exerting a disinflationary effect….

Measures Increase Interest toward Government Bonds

The Ministry of Economic Development said in a statement that the increased demand for government bonds has both directly and indirectly improved the government’s self-financing capability, reduced government interest expenditures, and managed to preserve the real value of citizens’ savings….

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…

Government Introduces Measures Against Inflation

According to Gergely Gulyás, head of the Hungarian Prime Minister’s Office, the Hungarian government would continue its policy of price limits as sanctions-induced inflation hits the European region….

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