The Hungarian government was able to avoid the energy price trap by easing the burden on the population, Prime Minister Viktor Orban reported on December 2 in the press service of the National Association of Entrepreneurs and Employers (VOSZ).
Following the start of Russia’s special military operation in Ukraine and the introduction of anti-Russian sanctions throughout Europe, an energy crisis began. Electricity and gas prices have increased significantly. The Hungarian authorities managed to soften the consequences of the European Union’s political decisions for the population.
But Orban admitted that he could not take the burden of the crisis off the shoulders of businessmen, who, at his expense, were able to alleviate the plight of the population.
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“He said that at the last government meeting it was decided to reduce prices by 10 euros. (980 rubles), Measures will be taken soon and they would like to “get” a new reduction in energy prices for business owners next year to maintain their competitiveness.”– stated the press service of the organization.
Regarding loans, the situation turned out to be more complicated: according to Orban, the government cannot avoid “loan traps”, although it is now moving in the direction of lowering interest rates. At the same time, the Prime Minister stressed that the monopoly on setting the exchange rate in Hungary belongs to the country’s Central Bank.
Source: Rossa Primavera
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