Official: Utilities price cuts save households HUF 334 bln
Hungarian government-mandated utilities price cuts in 2013-2014 saved Hungarian households approximately HUF 334 bln, state secretary János Fónagy reportedly said at a press conference today.
According to the state secretary, reductions are expected to save a further HUF 240 bln by the end of this year. Hungarian news agency MTI noted that the government earlier mandated the cuts in three steps, reducing gas prices by 25%, electricity prices by 24.5% and district heating prices by 22.6%.
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.