Szatyor

Main Menu

  • Home
  • Hungary economy
  • Budapest real estate
  • Budapest mortgages
  • Hungary banks
  • Investment

Szatyor

Header Banner

Szatyor

  • Home
  • Hungary economy
  • Budapest real estate
  • Budapest mortgages
  • Hungary banks
  • Investment
Hungary economy
Home›Hungary economy›Opposition to food price caps: “Orbán is loose, VAT on basic foodstuffs should be reduced to 5%”

Opposition to food price caps: “Orbán is loose, VAT on basic foodstuffs should be reduced to 5%”

By Arthur Holmes
January 13, 2022
0
0

“Viktor Orbán’s announcement is an admission that the Hungarian economy is in a tragic state,” said almost all members of the opposition alliance “Hungary belongs to everyone” in an article published on their social media pages. They believe that instead of a responsible economic policy, “the galloping rise in prices is fought with official prices, which amounts to an admission”. At the same time, they promised a 5% VAT on basic food products. Prime Minister Orbán announced late Wednesday afternoon that the government would cap the price of six food items.

This article originally appeared on our sister site, Ungarn Heute. Translated by Julia Tar.

Barely three months before the legislative elections, the Prime Minister announced a price cap on six food products.

We have decided to intervene on the prices of six products: granulated sugar, wheat flour, sunflower oil, pork thighs, chicken breast and milk.

Orbán said Wednesday in a video posted to his Facebook page.

All the opposition parties reacted quickly and very critically to the proposed measure. Members of the alliance, which is made up of seven parties, almost all posted the same message on their social media pages:

Viktor Orbán’s announcement is an admission that the Hungarian economy is in a dire state. The government must go – they are only beginning to tackle food prices in the last 12 weeks of their 12-year two-thirds majority rule. Instead of a responsible economic policy, the galloping rise in prices is fought with official prices, which amounts to an admission. After the change of government, we will limit VAT on basic foodstuffs to 5%.

Featured Image via Zoltán Balogh / MTI

Related posts:

  1. India-EU cooperation: renouncing the benign neglect of Central and Eastern Europe
  2. Hungary’s GDP down 2.3% year-on-year in first quarter
  3. Szijjarto: Hungary rejects plans to introduce a global minimum tax
  4. Why is the Polish economy emerging so strongly from the pandemic? A comparison with the United Kingdom

Categories

  • Budapest mortgages
  • Budapest real estate
  • Hungary banks
  • Hungary economy
  • Investment

Recent Posts

  • Why doesn’t Hungary support EU sanctions against Russian oil? | Oil and Gas News
  • CPI Hungary integrates property management services – BBJ
  • Yapily to acquire finAPI as part of open banking consolidation move – TechCrunch
  • Le Clos is part of the South African team for its 7th world champions
  • Weeklies on the opposition one month after its electoral defeat
  • Privacy Policy
  • Terms and Conditions