Economy
PM Orbán pledges aid to Hungary's worst-off FX mortgage debtors
The greatest achievements
Hungary's new constitution
Avoiding an economic collapse
Transformation of formerly malfunctioning systems including healthcare, education, the economy, national debt management, and taxation
More utility rate cuts
The government sees room for further household energy rate cuts by means of creating a not-for-profit public utility system
However, a major move would be to lower the price of energy for industrial use
The government aims to offer the cheapest electricity rates to the industrial sector compared with other EU countries by 2018
Further aid to foreign currency debtors
Once the relevant court verdicts are made, which is expected in late May, the government will lend a hand to mortgage debtors still in trouble to bail them out of a hopeless situation
Orbán said he believed banks were ready and willing to cooperate
On the subject of banks, the Prime Minister reiterated an earlier statement that Hungary would not be in control of its own situation as Hungarian ownership in the financial sector was less than 50%. The current percentage is 30%-40%, including OTP Bank, he said. Orbán noted that competition in the sector was insufficient, "positions are too entrenched".
Hungary's new constitution
Avoiding an economic collapse
Transformation of formerly malfunctioning systems including healthcare, education, the economy, national debt management, and taxation
More utility rate cuts
The government sees room for further household energy rate cuts by means of creating a not-for-profit public utility system
However, a major move would be to lower the price of energy for industrial use
The government aims to offer the cheapest electricity rates to the industrial sector compared with other EU countries by 2018
Further aid to foreign currency debtors
Once the relevant court verdicts are made, which is expected in late May, the government will lend a hand to mortgage debtors still in trouble to bail them out of a hopeless situation
Orbán said he believed banks were ready and willing to cooperate
On the subject of banks, the Prime Minister reiterated an earlier statement that Hungary would not be in control of its own situation as Hungarian ownership in the financial sector was less than 50%. The current percentage is 30%-40%, including OTP Bank, he said. Orbán noted that competition in the sector was insufficient, "positions are too entrenched".
