The Hungarian government has extended state of emergency
The Hungarian government has prolonged the state of emergency until 24th May 2024, ensuring continued governance by decree. In addition, the compulsory action period for shops has been extended.
The state of war persists
The government extended the state of emergency until 26 November this year for another six months. The new deadline is now 24 May 2024, which means that Hungary’s prolonged state of emergency is reaching a four-year span. This will grant the Hungarian government led by Viktor Orbán the right to govern the country by decree.
This proves advantageous for the government, yet a study conducted by the Hungarian Helsinki Committee, in collaboration with various NGOs, finds it unwarranted.
Extension of compulsory action
The Hungarian government has extended the mandatory action until June 2024. This means that a minimum discount of 15% will persist on twenty product groups.
According to the ministry’s statement, “sanctions and price speculation by multinationals” pushed inflation sky-high and “reached a level that was beyond the central bank’s means”, so the government “took over the task and responsibility of fighting inflation from the central bank”, rtl.hu writes.
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EU and NATO need to leave Viktor to his Communist friends in China and his war criminal friend from Russia. Disgusting that this is going on. Hungary is lost to the Commies fellas.
Go Orby!!
We are under attack! And power is so … Addictive. Parliamentary debate just slows our Politicians down. Or… ?
All of Europe is impacted by sanctions, multinationals (as the name implies) are active, everywhere, and other countries are not governed by decree. However, it is the EU’s fault! The multinationals! The IMF’s analysis is illuminating:
“Though high and rising inflation has been a challenge for most economies across Europe in 2022 and into 2023, it has accelerated in Hungary to the highest level in Europe. This paper examines how and why Hungary reached historically high inflation. It draws on an augmented Phillips Curve to estimate the impact of common drivers of inflation, examines the role of labor market tightness and policy stances, and analyzes possible changes to the degree of exchange rate pass-through in recent years. Overall, a rapid recovery from the COVID-19 crisis, a series of exogenous shocks, and too loose a policy mix fueled inflation to its highest level in decades. Though monetary and fiscal policies are now tightening, regulatory price caps undermine those efforts. Going forward, a consistently and persistently tight overall policy mix is needed to drive inflation back to the central bank’s target.”
https://www.imf.org/en/Publications/selected-issues-papers/Issues/2023/02/27/Drivers-of-Inflation-Hungary-530224
I highly recommend reading the entire paper! Facts and data. Not political hyperbole.
I agree with ()… Go Orby!! Please, go! Go live with your friends in Moscow.
Hungary truly is in a state of emergency as long as Fidesz is in power.