Government rejects SPAR’s ‘false claims’ regarding measures to bring down inflation
The National Economy Ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false” in a statement issued on Monday.
The ministry noted that government measures requiring big supermarket chains to comply with price caps on staples and offer regular discounts had helped reduce double-digit inflation to 3.7 percent in February, while revenue from a windfall profit tax on the retail sector had been channeled into a fund to keep household utilities prices down.
The ministry acknowledged that SPAR “disagreed” with those measures but said its behaviour ran “counter to the interests of Hungarian consumers”.
The ministry said SPAR’s “attacks” against the government were driven rather by the “loss-making position” of its local business which had “fallen behind the competition”.
“Instead of taking steps to boost its efficiency and competitiveness…[SPAR] is spreading baseless fake news,” it added.
“Only companies that comply with the law and take into consideration the interests of local consumers, by offering them products that are of good quality at good prices, can stay in Hungary,” the ministry said.
As we wrote earlier, the supermarket chain SPAR intends to file a complaint with the European Union concerning a special tax imposed by the Hungarian Government, details HERE.
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3 Comments
Our Politicians know a thing or two about falling behind the competition.
Fact is that our Politicians expect (coerce) companies to help them out with their populist schemes – which basically means having companies pony up the cash to make our Politicians look good.
If you would do something similar in a US of A – wonder if you would be called “Ultra Left”, “Marxist” or just “Socialist”?
The Hungarian Orban led – Fidesz Government will be FOUGHT on this issue / Matter, that there are numbers of “Learned” individuals, who from the outset of the Prime Minister of Hungary – Victor Orban and his Minister of Finance – Mihaly Varga – being “Put on Notice” that there policy of introduction to “stem” the “ragging” rate of Inflation in Hungary, there policy of Price Capping, had high risks associated to it, that could be “destructive” in the at the time, as is NOW, the collapsing Economy of Hungary
high probability this matter, that is a challenge on the reputation of SPA, in hope depending on SPA’s response to this Orban /Fidesz Government objection that if the matter proceeds, it is heard within the judicial system of the European Union, being -The Court of Justice of the European Union, that would eliminate any FALSENESS having an end effect on the matter before the Court. ANOTHER relation SMASHED by the Orban / Fidesz Government of Hungary ?
High PROBABILITY. ..In
SPAR is a typical multinational corporate bully and like a psychopath, has zero insight and zero consideration of interests other than of itself! Congratulations to Prime Minister Orban’s government to not give in to the hissy fits of such nasty and disagreeable companies! If SPAR doesn’t like the rule and law in Hungary and the fact that the interests of consumers is also a priority of the Hungarian government, then it can pack its bags and piss off back to whichever country it originally crawled out from!!! Hungary does not need, nor want big multinational corporations behaving like a psychopath operating on its territory!!!