Food and drink price caps return in Hungary next week!
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The Orbán cabinet first introduced price caps back in 2022 because of the high inflation rate affecting food products. However, they abolished the scheme in July. Now it appears that the price caps will be temporarily re-imposed in August at the time of two big national celebrations and events.
The World Athletics Championships 2023 will kick off next Saturday in Budapest’s brand-new athletics stadium, located near the Danube. Check out the photos and some details about the new building in THIS article. Ádám Schmidt said they aim for the championships to be more than just a sporting event. Therefore, they organise concerts and other programmes as well to keep visitors entertained from morning till evening.
Mr Schmidt added that they expect more than 1 billion sports fans to watch the competitions. They have already sold more than 300 thousand tickets to visitors from 102 countries. “No Hungarian sports event has ever attracted so many people”, he proudly highlighted. Training courts will open next Tuesday. Balázs Németh, the CEO of Budapest 2023 Non-profit Ltd, said they will introduce a price cap in the stadium’s restaurants and the fan zone. For instance, 0.5 l of mineral water will cost HUF 550 (EUR 1.5), while a can of beer will sit below HUF 1,000 (EUR 2.6), mfor.hu said.
The World Athletics Championships is the third biggest sports event in the world, following the Olympic Games and the football world cup.
Retail sales of food has been dropping since June 2022 but the drop accelerated dramatically in 2023. Orban has put Hungarians on a weight loss program. Hungarians will be leaner for sure.
https://think.ing.com/snaps/hungarys-industrial-and-retail-sectors-still-a-shadow-of-their-former-selves/