Márton Nagy: the price cap will apply to foods that are over 40 percent more expensive and can also be produced at home

Prices will become lower

The Minister of Economic Development spoke in the InfoRádió Aréna program about the fact that next year the Eurozone could be in recession by 75-80 percent, Germany and Italy will almost certainly, Hungary will also “cool down” because of this. However, Hungarian exports are growing significantly for the time being, because a significant part of the products is already being exported from Germany.

According to Márton Nagy, compared to the planned price cap, the EU’s management of speculative positions on the gas exchange appears to be effective, and this could bring prices down by 50-70 euros.

“This is a successful and good thing. The price cap is a dead end and causes supply problems”

– he declared during the interview given to InfoRádio.