Fidesz: Three weeks for utility-price legislation

History

Governing party Fidesz has established a working group to draft legislation that would cement reductions in household utility prices in the constitution, parliamentary group leader Antal Rogán said today. The group has been given three weeks to draft the legislation, after which time the parliamentary group will decide whether to put it into the constitution or whether it will be sufficient to make it part of the law on nonprofit utilities.

Rogán said earlier that neither utilities companies nor the European Union liked the price cuts, which is why they must be defended now, while Fidesz-KDNP has a two-thirds majority in Parliament.

The government mandated a 10% reduction in household gas, electricity and district heating prices from the start of the year and will cut prices again in November for an overall 20% drop. A Fidesz MP submitted to Parliament a bill that would reduce household gas, electricity and district heating prices by 11.1% from November 1 today as well.

ADVERTISEMENT

Hungary Backs Compromise Over Euro 7 Engine Regulation Pollution

Hungary Backs Compromise Over Euro 7 Engine Regulation

Gov't Extends Deposit Rate Cap Till Year-end Government

Gov't Extends Deposit Rate Cap Till Year-end

Media Markt Sanctioned for False Advertising Retail

Media Markt Sanctioned for False Advertising

Budapest Muni Council Clears Rác Baths Renovation Tourism

Budapest Muni Council Clears Rác Baths Renovation

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.