Hungary to celebrate the foundation of the state with cheap beer: here is where you can drink it!
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The Hungarian government is organising festivities between 17 and 20 August to celebrate the foundation of the Hungarian Christian state. To provide affordable drinks for the guests, the government will introduce a price cap on several products, including canned beer.
The energy and economic crisis, hand in hand with an all-consuming inflation, swept through Europe and the world in the last few years but probably hit Hungary the hardest. Food price inflation has reached more than 100% in the previous few years, so spending a holiday at Lake Balaton has become almost as expensive as in Croatia. We detailed that shocking development in THIS article.
No price cap on the festivities
The Orbán cabinet “fought” against the intense price rise with price caps introduced on products like fuel and basic foodstuff, but experts agree such measures just worsened the situation. Meanwhile, measures like the government’s unique price monitoring system did not have a noticeable effect.
However, the Orbán cabinet is keen to attract Hungarians, for example, with events like Saint Stephen’s Day festivities. Based on a statement shared before, they are preparing more than a hundred colourful programmes ending with grandiose fireworks. In July, we wrote that it will be more spectacular (and expensive) than ever before, stretching over 5 kilometres along the Danube instead of 4.3 kilometres. Some estimates suggest EUR 38.2 million only on fireworks.
