US EditionOrban's food price cap takes aim at foreign retailers in Hungary
- Hungarian Prime Minister Viktor Orban has imposed price controls on basic food items in supermarkets to target foreign retailers and multinational companies.
- The inflation rate in Hungary reached 5.7 percent in February, the highest in the European Union.
- Orban accused foreign retailers of 'plundering Hungarians' with 'excessive and unjustified price rises.'
- The new measures exempt smaller retailers, sparing local grocers, but economists warn that retailers may raise prices on other items.
70 Articles
70 Articles
Márton Nagy to Origó: A price freeze could even be imposed against bank price increases
Based on the main macro indicators, there is no significant difference between the forecasts of the NGM and the MNB. On average, they expect 4.5 percent inflation and 2.5 percent economic growth this year, said Márton Nagy at a press conference on Monday. The Minister of National Economy announced that growth above 4 percent is expected in the Hungarian economy from 2026. This year, GDP growth could exceed 3 percent for the first time in the thi…
Pacific Daily News
Orban's food price cap takes aim at foreign retailers in Hungary
Seeking to tame public anger over soaring inflation, Hungarian Prime Minister Viktor Orban has imposed price controls on basic food items sold in supermarkets, renewing his fight against multinational companies.
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