Referring to a report by the finance minister discussed during a cabinet meeting earlier in the day, he said it was inconceivable that this year’s growth rate would be below 5.5 percent, and he welcomed “the highest growth rate in the past 31 years”. By how much higher growth may be would depend on pre-Christmas consumer turnover, he said, adding that “hopefully no new developments, even amid the pandemic, will negatively impact the economy”.
Meanwhile, Gulyás said that the government’s
agreement with Russian energy giant Gazprom would ensure that the achievements of government-mandated utility cuts were preserved.
Gulyás noted that the annual 4.5 billion cubic metres of gas to be received under the new deal will be delivered via two routes: 3.5 billion cubic metres from the south, through a new Serbia-Hungary interconnector, and one billion cubic metres through Austria. He said the deal was of great significance in view of unprecedented natural gas and electricity price hikes on the global market. Gulyás highlighted government measures made in recent years which curbed the price of household utility bills by 25 percent since 2013 irrespective of inflation. Currently
Hungarians pay 40 percent of the average European electricity price,
Gulyás said that should the opposition make good on their proposal to unfreeze energy prices, an average Hungarian household would have to pay 386,000 forints (EUR 1,070) more in energy bills annually. Referring to the Covid situation, the minister urged unvaccinated citizens to get the jab. The country’s vaccine capacities, he said, were “infinite”, and anyone could choose between six vaccine types. Gulyás also announced that the government will hold an away meeting at Hajmáskér, in western Hungary, on Thursday, and view a
military exercise jointly conducted with German troops.