Agreement is close, the Hungarian government will soon own Budapest Airport
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Commenting on soaring fuel prices, Gulyás said the government was looking to find alternative sources, adding that it viewed the five-fold increase of transit fees as “incorrect business conduct”.
EU funding and price of gas
Answering a question, Gulyás said the government would not change the price of household gas until December 31. He added that if prices would be adjusted to fluctuating world market prices, the price of electricity would have to be radically increased both below and above the utility price cap limits and the price of gas below that limit.
Answering another question, he said the government would assess at the end of September whether a pension adjustment should be carried out.
Asked about the payment of EU funding Hungary is entitled to, Gulyás said that the government hoped that the European Commission would “return” to acting in line with the law and that there would be no obstacles that hinder the unlocking of funds. He argued that Hungary had met all criteria set by Brussels and the EC had until November to take a decision. As regards access to funds available under the current seven-year budgetary framework, Gulyás said Hungary aimed to get the full amount and the government was conducting talks in Brussels accordingly.
Commenting on recent talks by Klára Dobrev, an MEP of opposition DK, with an American “pro-war” politician supporting weapon deliveries to Ukraine, Gulyás said the Hungarian left wing would deliver weapons to Ukraine, if they were in power. He called the left wing’s pro-war stance “an irresponsible” policy towards the around 100,000 ethnic Hungarians living in Ukraine’s Transcarpathia region.
Commenting on Wednesday’s address of the EP president, Gulyás said that the government was not surprised that Brussels had not changed its position on the war in Ukraine, on migration and the LGBTQ issues. “We would welcome if Brussels addressed Europe’s real problems,” he said. Europe has a vested interest in achieving peace, Gulyás said, adding that the government would not support migration quotas and migrant redistribution schemes.
He said it was difficult to figure out from Ursula von der Leyen’s Wednesday speech whether Hungary would receive any contribution to the costs of the fence it had erected on its border, but he expressed hope that a part of it would be reimbursed.
In 1970s there was a recession in North America. Many companies in Canada were owned by US investors. These investors closed their Canadian plants and took the jobs back to the US. This was the right thing to do for patriotic Americans but left Canada with high unemployment.
China owns large parcels of well as large investments in US industry. China holds a large part of the US national debt. This affects policies.
Same applies to all countries, with large foreign ownership. It is advantageous for Hungary to its own airport. Whenever possible, Hungarians (not the government) should repurchase Hungarian important industries from foreign ownership.
Hungary will need to remain in the EU and the sphere of ‘western’ influence, because, who else are they going to blame before the people turn on the regime?
If you can afford to nationalize… Our Politicians have been on a bit of a buying binge, lately. And contrary to what Mr. Gulyás says, if you are “investing” by buying an airport, the budget deficit will most certainly be impacted.
The State will pay a sizeable multiple (premium – Vodafone purchase was a multiple of 9.1 times adjusted earnings) which you will not be earning back in the short to medium term. Add to that, financing with debt at a pretty steep interest rate (highest in Europe).
As the Central Bank has warned in the past, this may trigger risks to the greater economy.
For what? An airport that is by all metrics is already performing well?