ADVERTISEMENT

Centrally-regulated retail gas prices to remain unchanged in Q4

Sights

Centrally-regulated retail gas prices will not rise in the fourth quarter, the National Development Ministry said on Friday.

With the decision, family budgets will temporarily avoid a further rise in spending on utilities, the ministry said.

The decision was taken on the basis of current social conditions, however the temporary freeze in prices should be replaced in the mid-term by a new subsidy system, based on solidarity, it said. The main goal of the new system will be to ensure affordable utilities bills for the most vulnerable consumers, it added.

The government said earlier it would start central regulation of water, trash and sewer fees. The ministry said it had started work on the necessary regulations and would complete them by November 30, 2011, allowing their introduction from 2012.

The government already regulates some retail natural gas, electricity and district heating prices. 

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.