Márton Nagy: the reduction of inflation is due to the choice of the right tools
The rapid reduction of inflation is due to the fact that the government used the best tools, realizing the importance of fiscal and regulatory policy in stopping unfavorable processes, the Minister of National Economy said at the event of the Hungarian Compliance Academy in Budapest on Thursday.
According to Márton Nagy, Hungary’s energy import, which is primarily necessary for domestic supply and is very large in comparison with Europe, led to the stagnation of inflation. Eliminating energy dependence is a longer-term task, but thanks to the use of nuclear and solar energy, it can be achieved in the next decade. Among the immediate measures, he singled out utility protection, which eased the population’s burdens, as well as changing companies’ fixed energy contracts, which saved many thousands of companies from a situation less favorable than the market.
Related news
Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease…
Read more >Record high food prices in Hungary: discount chains are the winners of the situation
In recent months, food prices in Hungary have been rising…
Read more >Mihály Varga: the central bank’s primary goal is to maintain price stability
The primary goal of the Hungarian National Bank (MNB) is…
Read more >Related news
Master Good, Nestlé Hungária, Tesco Hungary are this year’s winners
This year, Trade Magazine announced the Christmas TV Ads 2024…
Read more >This year’s CO-OP Star Silver Pine and Silver Star awards have been presented
As every year before Christmas, this December, the CO-OP Star…
Read more >Declining company numbers, permanent half-million limit
In 2024, the number of partnerships is expected to decrease…
Read more >