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Orban Affirms Commitment to Single-Digit Inflation by Year-End

HUNGARY
  • Speaking on state radio, Prime Minister Orban reaffirmed his commitment to bring inflation below 10% by the end of the year and says he will introduce additional measures to do so if needed. “Inflation won’t come down by itself,” Orban said, “we must pull it down, crush it and pummel it. We need to battle against inflation.”
  • Orban also said the government would introduce an economic protection plan to mitigate the impact of the war and "bad" EU directives, as per MTI. Orban pointed to the negative effect on the economy of EU directives such as requiring higher excise taxes on vehicle fuel. He said the government is "putting the final touches" on the economic protection plan and will outline the measures at a regular government press briefing in the coming week.
  • Parliament in Budapest is set to discuss a so-called ‘Status Law’ on education, which teachers’ unions have been protesting against. There are plans to hold another demonstration against the proposed law today.
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