In a video message posted on social media on Wednesday, Prime Minister Viktor Orbán said big telecommunication service providers would not raise their fees until July 1, 2026.
PM Orbán said telcos that had raised fees earlier would roll those back to levels on January 1. He noted that those fees applied to television, internet and mobile subscriptions, too.
PM Orbán said the continuation of price reductions was the most important topic discussed at a cabinet meeting on Wednesday. He added that National Economy Minister Márton Nagy had reported on talks with telcos.
Agreements have been reached with telcos, and the biggest Hungarian-owned telco also pledged to introduce new, preferential fees for retail subscribers, PM Orbán said.
He said that prices on food products in 30 categories had been cut successfully thanks to a government-mandated cap on markups. Banking and telecommunication services prices, which have "risen significantly" in the recent period, are "next in line", he added. "The banks are getting ready, we're continuing the price reductions," he said.