ADVERTISEMENT

Fidesz-KDNP submits declaration on utilities to Parliament

EU

MPs of governing Fidesz-KDNP submitted a political declaration defending utilities price cuts to Parliament yesterday. Fidesz-KDNP said the European Union bureaucracy was “trying to exert pressure” on Hungary to reverse the price cuts.

A two-step, government-mandated utilities price reduction this year is saving households 20% on their gas, electricity and district heating bills. The declaration states that most Hungarian utilities companies became foreign-owned, in a manner unprecedented in Europe, under the Socialist Party governments in 2002-2010.

The government guaranteed the companies' profit while raising gas prices 15 times and electricity prices on nine occasions, the Fidesz-KDNP coalition maintains.

In proportion to their incomes, Hungarian household utilities bills are among the highest in the EU, the declaration notes.

“The Hungarian Parliament calls on the Hungarian government not to allow bureaucratic pressure by the EU, to defend our home's guaranteed rights in the treaties and to consistently follow a policy of utilities price cuts!” reads the declaration in part.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.