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Hungarian government

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Food and Petrol Price Cap Periods Extended

D&T
Sep 17, 2022

The Hungarian government has decided to extend the gasoline and food price freeze, the Minister heading the Prime Minister's Office, Gergely announced at the Government Info in Budapest on Saturday afternoon. According to the minister, the war and the sanctions in response response had led to a brutal rise in energy prices, which in turn […]

Hungarian State Sector Required to Curtail Gas Use

D&T
Sep 8, 2022

The Hungarian government has imposed a 25% cut in gas consumption in public administration and at state-owned companies, with the exception of hospitals and residential social institutions. It will also order a temperature limit of 18 degrees Celsius in public institutions. The Hungarian government has imposed a 25% cut in gas consumption in public administration […]

Hungarian Gov't Votes Against Pan-EU 15% Gas Use Cut

D&T
Jul 26, 2022

EU member countries – with Hungary being the only exception – have agreed on a gas emergency plan for this winter. The aim is to save 15% gas. However, the plan also provides for numerous exceptions. At a special meeting of the ministers responsible for energy on Tuesday in Brussels, the necessary majority for the […]

Hungarian Gov'nt Announces Energy State of Danger

D&T
Jul 13, 2022

The Hungarian government has declared an energy emergency and adopted a seven-point action plan, as part of which it will ensure gas and electricity prices limited by the cuts in the electricity and gas bills will only be applied only up to the average household consumption from August 1, this year, Gergely Gulyás, Minister of […]

HUF vs. EUR: Yet Another Historic Low for the Forint

D&T
Jun 27, 2022

The Hungarian currency, the Forint (HUF) fell to a historic low against the euro again on Monday: after 10 a.m., it suddenly started to weaken sharply from the morning level of around HUF 400, and shortly after a quarter to 11, it was HUF 403.85 to the euro. Minutes later, however, it crossed the HUF […]

Magyar Telekom to Pay HUF 25 Bn 'Extra Profit' Tax

D&T
Jun 6, 2022

Hungary’s leading telecommunications service provider Magyar Telekom has announced that under Government Decree 197/2022. (VI.4.) on the extra profit taxes, the expected magnitude of supplementary telecommunication tax payable by Magyar Telekom Group for the year 2022 is approximately HUF 25 billion. The company statement highlights that on June 4, 2022 the Hungarian government issued a […]

Hungarian Govn't Declares State of War Emergency

D&T
May 24, 2022

The governing majority of the ruling Fidesz party passed the 10th amendment of Basic Law to extend the government's powers to declare a state of emergency. This will now be possible not only in the event of an epidemic, but also in the event of war in a neighboring country. The government took the opportunity […]

Fuel and Food Price Freeze Extended Until July 1

D&T
Apr 27, 2022

The Hungarian government has decided to extend the price restrictions on fuel and certain food products until July 1, PM Viktor Orbán announced this Wednesday. He said in a video on social media that the government had discussed the issue of fuel and food prices at its meeting on Wednesday. He stressed that prices are […]

Government Modifies Grain Export Restrictions

Sándor Laczkó
Mar 13, 2022

The Hungarian government on Saturday amended its March 5 decree on the export of "strategically important" agricultural products, adding durum wheat and hulless sunflower seeds to the list of restricted crops and clarifying that cereals can still be freely exported as seeds, the Hungarian Gazette reports. The range of crops concerned has been extended to […]

EU Court of Justice Rules Against Hungarian Government

D&T
Feb 16, 2022

With measures for the protection of the Union budget in mind, the Court of Justice, sitting as a full Court, dismissed the actions brought by the Hungarian and Polish governments against the conditionality mechanism which makes the receipt of financing from the Union budget subject to the respect by the Member States for the principles […]

Autoliv: Strategic Partnership with the Government

D&T
Jan 20, 2022

A strategic cooperation agreement has been concluded by the Hungarian government and Autoliv Kft., the Hungarian subsidiary of the largest passive safety product manufacturing group in the world, the Hungarian Investment Promotion Agency reports. Autoliv, a business that was founded in Stockholm, Sweden nearly seventy years ago, develops, produces and distributes airbags, safety belts, steering […]

Roche Hungary Signs Strategic Cooperation Agreement

D&T
Dec 4, 2021

One of the largest companies in the healthcare industry, Roche Hungary Ltd., known for its innovative solutions, has signed a strategic cooperation agreement with the Hungarian government. The aim of the agreement is to use Roche's value-based healthcare model to multiply the innovative and personalized therapies delivered to patients in a way that significantly reduces […]

Hungarian Gov'nt Extends Epidemic Alert Period

D&T
Jun 17, 2021

The government has extended the epidemic alert by half a year, until December 18, the decree was published in the Hungarian Gazette Wednesday night. According to the Health Act, during the period of epidemiological preparedness, the government may, among other things - restrict or ban events that could contribute to the spread of the epidemic;- […]

Free Parking as Anti COVID-19 Measure Not Appreciated

D&T
May 4, 2021

Last year, the Hungarian government ordered the scrapping of parking fees in public areas, a measure they claimed would help avoid the spread of the new coronavirus infection. A new survey suggests the step did not really count for the population. The Hungarian government may soon end one of its most controversial pandemic measures, free […]

Hungarian Government to Veto EU Budget

D&T
Nov 16, 2020

In a letter, Prime Minister Viktor Orbán informed German Chancellor Angela Merkel, President of the European Commission Ursula von der Leyen and Charles Michel, President of the European Council that the Hungarian government was vetoing legislation on the EU's seven-year budget and the recovery fund. The Hungarian government's website quotes the head of the PM's […]

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