Is commercial profits going to be reduced? Viktor Orbán criticized both retailers and department store chains in his annual review
Traders and supermarket chains have significantly increased the prices of some basic foodstuffs, and with it, of course, their profits. In January this year, milk was sold 39 percent more expensive, eggs 35 percent more expensive, and cooking oil 11 percent more expensive. This is a lot, even unacceptable, the prime minister said in his annual review speech at the Várkert Bazaar in Budapest on Saturday.
Viktor Orbán said that he had instructed Minister of National Economy Márton Nagy to reach an agreement with the retail chains to stop the price increases.
“With nice words. But if nice words don’t work, then we will go with official prices,”
– he added.
Nobody likes price regulation, but in such cases there is no other choice – Viktor Orbán emphasized.
If there is no agreement, the official price will come. If that is not enough, we will also limit the extent of commercial profits – he predicted.
Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Viktor Orbán spoke about the extension of the margin freeze
A decision on extending the margin freeze to household and…
Read more >Viktor Orbán: retail chains made huge profits on food, we had to intervene
Retail chains have made huge profits on food. We had…
Read more >Related news
OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >KSH: investment performance decreased by 8.0 percent compared to a year earlier
The volume of investments in the second quarter of 2025,…
Read more >MTÜ: almost 800 thousand people participated in the St. Stephen’s Day celebrations in Budapest
According to mobile data, more than 798,000 people with mobile…
Read more >