Long-anticipated Turnaround in the Hungarian Housing Market Here The Hungarian second-hand housing market has undergone an unprecedented turnaround, with sellers having to wait longer for buyers. Moreover, according... 2022.11.08.
Residential Solar Tender Brought Forward for Hungarian Families The second phase of the residential solar tender will be available from November instead of the planned spring date, with... 2022.09.06.
Prime Minister Orbán Calls Meeting on Energy Emergency, Utility Caps Protection Prime Minister Viktor Orbán convened a meeting of ministers and energy industry players in parliament on Tuesday, to discuss the... 2022.07.20.
The Government Is Revising its Rules for Utility Bill Caps The war in Ukraine and the economic crisis impacting Europe have forced the government to reevaluate the rules governing how... 2022.07.18.
Government Declares State of Energy Emergency Hungary's government has declared a state of energy emergency and has approved seven measures that will include limiting the price... 2022.07.14.
European Gas and Electricity Prices More Than Five Times Higher Than in Hungary Due to the Hungarian government’s utility cost reduction program despite the war, Budapest is still the cheapest place on the... 2022.07.08.
Some Businesses Will Again Be Paying Full Market-price for Their Energy Supplies From Friday, the rules on the reduction of utility bills will change. Some businesses will no longer receive energy at... 2022.07.01.
Technology Minister Calls on EU to Compensate Households for Growing Emission Costs László Palkovics, the minister of technology and industry, has called on the European Union to compensate households for growing energy... 2022.06.29.
PM Orbán: Gas Embargo Would Destroy Entire European Economy The government has drawn up the 2023 budget with a view to handling both war inflation and the economic crisis,... 2022.06.10.
Hungarian Government to Allocate EUR 1.7 Billion to Protect its Utility Price Cap The draft budget the government submitted to parliament on Tuesday includes a 670 billion forint (EUR 1.7bn) fund aimed at... 2022.06.09.
Hungarian Household Energy Bills Remain among Lowest in Europe Hungarian household energy bills are still among the lowest in Europe, the Hungarian Energy and Public Utility Regulatory Authority (MEKH)... 2022.06.01.
Govt to Strip Extra Profits from Banks, Multinational Companies Prime Minister Viktor Orbán announced setting up a "utility cut protection fund" and a defense fund on Wednesday. In a... 2022.05.25.
Politico: EU Leaders Consider Paying Hungarian Gov’t to Support Oil Sanctions Officials of the European Union may offer Hungary financial compensation in return for supporting the EU's sixth sanctions package, named... 2022.05.12.
Energy Authority: Hungary Household Energy Bills Still Lowest in Broad European Comparison Hungarian household energy bills in April were the lowest in a broad comparison of European cities, according to the Hungarian... 2022.05.11.
Orbán: EU’s Planned Sanctions on Russian Oil Imports ‘Like Nuclear Bomb’ The European Union's proposal on phasing out imports of Russian crude oil is "unacceptable", Prime Minister Viktor Orbán said on... 2022.05.06.
OTP Bank CEO: Gov’t Utility Price Cuts ‘Do No Good’ The Hungarian government’s utility price cuts are unsuitable, as people and businesses need to feel the burden of high energy... 2022.04.27.
Despite Approaching Deadline, Gov’t Has Yet to Decide on Fate of Price Caps The Orbán government believes that the several price caps introduced in Hungary have proven to be effective and had a... 2022.04.21.
Orbán Gov’t’s Utility Price Cuts Already Huge Strain on Hungary’s 2022 Budget The Hungarian budget has already suffered losses of HUF 600-800 billion (EUR 1.61-2.15 bn) this year due to Hungary’s low,... 2022.04.19.
Utility Bill Cuts May Cost State Budget HUF 1,300 billion in 2022 Utility bill cuts may cost HUF 1,300 billion (EUR 3.4 billion) for the Hungarian state, which comes to HUF 320,000... 2022.04.11.
Hungary March Annual Inflation 8.5 % Consumer prices in Hungary grew by an annual 8.5 percent in March, the worst inflation figures in Hungary in 15... 2022.04.08.
The Greatest Economic Challenges of the Fifth Orbán Government Now that Viktor Orbán’s Fidesz-KDNP alliance has been elected for the fourth time in a row, the question arises of... 2022.04.04.
