PM Orbán: Budapest is a “must-visit” city!

Protecting jobs, curbing inflation and bumping up wages are vitally important for the economy, Prime Minister Viktor Orbán told public radio on Friday.

The European and Hungarian economies are now being determined by the war in Ukraine, Orbán said, adding that both would perform much better if the conflict were to come to an end. He said “the root of the problem, the war, cannot be remedied; while there’s no peace, the war economy will be here to stay.” “Brussels bureaucrats won’t end the sanctions” even though Hungary had been urging it to do so, he said. Ending the war would change the environment for the European economy overnight, he said. “Peace is the only politically and ethically right approach,” he added.

The government, Orbán said, was focusing on protecting jobs, noting 70,000-80,000 job vacancies in the country. He said the Hungarian economy was geared towards providing employment to Hungarians” and the government is in the position “to offer work to anyone who wants it”. The prime minister also referred to the government’s “radical measures” to combat inflation, which had put a lid on price gouging. He noted the government’s inflation target of 6 percent for 2024, adding that the figure could be as low as 5 percent”. By the end of August the consensus would be that inflation will be in single digits by the end of the year, he said.

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Orbán: enough is enough in profit hunting

Orbán said price hikes had arisen because of the war and sanctions, though retail prices “rose higher than the economic situation justified”, he said, adding: “This is called speculation and multinationals were at the forefront.” “Nobody has anything against a fair profit … but enough is enough.” Regarding “the fight for growth”, he said economic expansion “must be linked to pay rises”. Protection against high prices can happen in two ways, he said: by suppressing inflation and by raising wages, adding that the government was intent on protecting families.