News in Brief
Government mandates markup cap on household products to help protect families and pensioners
A 15pc cap on markups on household products in 30 categories to help protect families and pensioners rolls out today.
Price Caps
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News in Brief
State Secretary: Food markup cap brings down prices by 19.7% on average
Róbert Zsigó told commercial broadcaster TV2 on Tuesday that the 10pc markup cap had reduced prices of 909 products since its rollout in March.
News in Brief
State Secretary: Food markup cap continues to bring prices down
Róbert Zsigó said the 10pc markup cap had reduced prices of 887 products since its rollout five weeks ago.
News in Brief
State Secretary: Food markups cap reduces prices by 18.6%
Róbert Zsigó said that 416 shops had been checked for compliance, so far, and no violations had been found.
News in Brief
PM Orbán: Government to cap retailers' profit margins on some foods
The prime minister said the cap would apply to 30 basic foods and remain in force until the end of May.
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Nagy: Consumer price intervention on the cards if needed
"Could price caps be introduced again? If necessary, we will intervene immediately in the interest of protecting families' interests," Minister Nagy said.
News in Brief
Cap on price of some food products continues until August 1
Gergely Gulyás also announced that discounts on certain products supermarkets have been obliged to apply would increase from 10% to 15%.
Blog
Here are some of the government’s new steps to protect the economy
In an extraordinary Government Info session this morning, Minister Gulyás announced the government’s latest measures.
News in Brief
Government to instruct major grocery chains to offer price cuts
The cabinet has decided to introduce a new tool based on Greek and French examples — classifying basic foodstuffs into 20 categories such as poultry, cheese, bread, baked goods, vegetables, fruit and cold cuts — from July 1 at the latest.
News in Brief
Pensions increased by 15% on January 1
Including the 13th month pension, average pensions will grow by 352,560 forints this year.
News in Brief
FM: EU has wasted time on moves to cap price of gas
Minister Szijjártó said Hungary completely rejects introducing a “harmful, dangerous and totally needless” price cap.
News in Brief
Government extends cap on interest payments to cover student loans
Now one type of student loan will be capped at 4.99% from January 2023, while another will be still available interest-free for students in higher education.
News in Brief
Government caps price of fresh eggs and potatoes
The prices of fresh eggs and potatoes sold in shops, delivery services and supermarkets will be capped at the retail price level of those products on Sept. 30.