Hungary Extends Winter Break to Save Energy

Government

Hungarian students' winter break will be extended to save on energy costs, Gergely Gulyás, the head of the Prime Minister's Office, said at a weekly press briefing on Thursday, according to a report by state news wire MTI.

The winter break will last from December 22 to January 8, Gulyás said.

Government spokeswoman Alexandra Szentkirályi said the winter break would be extended "at the cost of" the fall break.

Gulyás said a break will also be ordered at government administrative institutions at the same time as the school holiday, resulting in "significant" energy savings. Staff at such institutions will be required to take out their vacation days during the period, he added. 

Fielding questions, Gulyás dismissed reports concerning "payment freezes" at state institutions, explaining that a measure requiring ministerial approval for expenditures has been applied "many times" before, "this year and in past years". The measure demonstrates the government's commitment to sticking to the deficit target, he added.

Asked about a weakening of the forint to historical lows against the euro and the dollar earlier in the morning, Gulyás noted "significant swings" in exchange rates recently and pointed to the tendency of the forint to weaken against the euro if the euro softens to the dollar. There is "no economic reason" for the forint to weaken, he added.

Gulyás said Hungarians will be surveyed regarding European Union sanctions against Russia that have driven energy prices higher in the framework of a National Consultation from mid-October.

The initiative for the National Consultation - one of many addressing timely issues conducted by the government over the years - was cleared at a cabinet meeting on Wednesday.

ADVERTISEMENT

Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.