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PM Orbán: Hungarians will not pay the price of Ukraine's war

The prime minister said the European Commission had disapproved of the government's effort "to protect families from profiteers through price caps, interest rate caps and markup limits."

Prime Minister Viktor Orbán said the European Union's aim was to ensure "that multinational companies earn well, Ukraine has money to wage its war, and that all that is paid by Hungarian families."

PM Orbán said on Facebook on Thursday that in its annual country-specific recommendations, "to improve 'economic policy coordination'... Brussels called on Hungary to eliminate utility price caps and to phase out Russian natural gas and crude oil. It is logical; it must look good from Brussels if they can make Hungarians pay for the support of Ukraine."

Further, PM Orbán said the European Commission had disapproved of the government's effort "to protect families from profiteers through price caps, interest rate caps and markup limits."

"Brussels thinks that money is better off in banks and multinational companies," he said, adding that the EC had also "not liked" Hungary's targeted special taxes and extra profit taxes". "They would also cancel home purchase subsidies, saying they are 'generous and not targeted so they distort the market."

The government's reforms of vocational training and unemployment subsidies were also subject to criticism, he said. "They ignored the fact that the number of jobholders grew by one million in Hungary" after the reforms, PM Orbán said.