29-05-2025
Gulyás: We'll stand up against unreasonable price increases
Prime Minister Viktor Orbán had earlier emphasized that the meeting focused on three key issues: margin regulation, the Demján Plan for small businesses, and the fight against cyber fraud.
The government has decided to extend the price margin regulation until the end of August. This policy aims to curb unjustified price hikes, especially on essential goods. 'We are taking action against unwarranted price increases,' stated Minister Gulyás, underscoring the administration's resolve to protect consumer interests during inflationary periods.
The cabinet also unveiled new support avenues for small and medium-sized enterprises (SMEs), including the Demján Plan, which promotes entrepreneurial growth through targeted incentives. Government spokesperson Eszter Vitályos reported strong interest in the 1+1 SME investment promotion program, which has attracted over 1,800 applications, including 937 from small businesses. Additionally, the 'Every Business Should Have a Website' initiative received more than 10,900 applications, with support already disbursed to 653 companies.
In response to the surge in cyber fraud, particularly involving banking scams, the government has prioritized cybersecurity. Minister Gulyás cautioned the public about suspicious calls from unknown numbers impersonating bank representatives. He confirmed ongoing governmental cooperation with financial institutions to intercept illicit transactions. Authorities attribute more than 80 percent of recent cybercrimes to Ukrainian criminal networks, which have caused over HUF 8 billion in damages, with only HUF 1.5 billion recovered so far.
The cabinet also approved the issuance of food vouchers for pensioners, following recommendations from elderly advocacy groups. Worth HUF 30,000 and distributed in multiple denominations, these paper-based vouchers will be usable in local shops, markets, and major retail chains nationwide. Legislative and regulatory details are expected within weeks.
Further addressing public infrastructure, Minister Gulyás challenged the Budapest leadership to explain the disappearance of over HUF 200 billion in budget surplus since former mayor István Tarlós left office. He questioned how financial plans like the proposed Rákosrendező real estate acquisition were possible months ago, while the capital's transit company now faces operational threats.
Finally, the government has launched an emergency drought relief program, allocating HUF 4.7 billion to refill reservoirs and canals. The initiative aims to mitigate the impact of summer droughts on agriculture by enhancing water management infrastructure and boosting preparedness.
From economic intervention to digital security and disaster mitigation, the Hungarian government continues to prioritize resilience and public welfare through active governance.
