Tag: Living

From September, full-time students will receive a free textbook

From September, full-time students will receive a free textbook

According to the government's decision, from September 2020, almost 1.2 million full-time students will receive free textbooks, the secretary of state in charge of public education at the Ministry of Human Resources (Emmi) told reporters in Üllő on Monday.

Zoltán Maruzsa announced in the warehouse of KELLO Könyvtárellátó Nonprofit Kft. That compared to last year, 150-160 thousand more students will receive free textbook services, for which the state will provide HUF 13.8 billion in the budget.

He added that in 2013, when the free textbook program was launched, 54 percent of students, 614,804, were on a social basis, and in 2019, 85 percent of students already received 1,080,836 free textbooks.

Zoltán Maruzsa spoke about the fact that due to the modification of the National Core Curriculum, a total of 61 new or revised textbooks were prepared, which were written, edited, compiled and proofread by 130 experts on 12,000 pages. He said this year's textbook list includes 2907 textbooks from 52 publishers, and nearly 54 percent of the books on the list were published by the Office of Education.

A total of 1,918 state-published textbooks are on the list, which is 65 percent of all books.
The secretary of state said that this year, 4,073 schools ordered 13 million 455,000 books, up 385,000 from the previous school year.

Zsolt Tőczik, the managing director of KELLO, talked about the fact that despite the epidemic situation, it was possible to get the textbooks to reach the schools at the beginning of the school year, the delivery of which began on Monday.

He put it that, in terms of quality, world-class textbooks will be in the hands of students, teachers and parents.


Tags: Education  Living 

Home protection action plan, helping foreign currency borrowers

10 Years of Civil Governance - Part 14

Home protection action plan, helping foreign currency borrowers

The topic of social security is introduced by the Institute of Perspectives as follows:
“In the National Cooperation Program, family policy has become more and more important in the field of social security, but at the same time many other dimensions have received attention. Following the change of government in 2010, the most important and urgent program item was to keep credit and rent debtors under cover. The cessation of foreign currency loans in 2010, which are a source of much trouble, was an important step towards ensuring long-term social security. As part of the Home Protection Action Plan, the National Asset Management Program was established in 2012, which saved 36,000 families in 7 years and allowed for the discounted repurchase of homes previously seized by banks. Within the framework of the same action, foreign currency-based mortgage loans were converted into HUF in 2014, and non-mortgage loans in 2015. ”

In 2003, the left-liberal Medgyessy government abolished preferential state-subsidized home-building loans (1). They limited and then abolished the tax credit, narrowed the credit ceiling, reduced interest rate subsidies, that is, abolished home loan discounts on the grounds that home builders are a lot to the state. In other words, high-interest forint-based housing loans stemming from insufficient monetary policy remained. The Medgyessy and Gyurcsány governments gave the green light to foreign currency loans.

The designation of a foreign currency-based loan would be more accurate, because neither borrowing nor repayment took place in foreign currency, only settlement, but it was built into the public consciousness in this way. Thus, a foreign currency-based loan would not have required foreign currency.

The repayment (2) took place at the current exchange rate, ie the exchange rate change posed a serious risk to both the borrower and the bank. However, it would have only meant to the bank, as the so-called Loans were hedged with 1-3 month swaps to minimize banking risk.

During the Fx swap, the Hungarian bank gave forints to the foreign bank in exchange for foreign currency. They agreed in advance what exchange rate they would exchange back in a few months. In the end, everyone pays the other’s interest and then exchanged it back.

At the end of the swap transaction, the Hungarian bank received the interest as if it had deposited the forint (ie the base rate) with the central bank, but was able to re-lend the available currency, ie it recorded a double profit.

At that time, the central bank base rate was ruthlessly high (8-10%, now 0.6%), so the bank could only lend at a higher interest rate, which is nonsense. In other words, the bank rather paid the franc's 1% interest rate and lent the amount below the central bank base rate in a few percent in HUF terms.

If the exchange rate had not gone down, everyone would have done well. But he flew away like a little bird. Incidentally, the EU and the then HFSA also warned about the danger several times.

It is often asked why only lump sum redemption was allowed by the state. Because the exchange rate of the Swiss franc rose from HUF 160 to HUF 240 until the redemption. The banking system would not have been able to redeem all the remaining installments.

Those who lost their homes were given the opportunity, thanks to Nemzeti Eszközkezelő Zrt., To buy back their homes at a discount, which was used by more than 30,000 families.

The remaining loan was translated into HUF (4) at a given exchange rate and low interest rates. As a result, foreign currency loans were derecognised by 2015 (5).

In many places, it can be said that forint-based housing loans have fallen in the same way as foreign currency-based loans. This is refuted by the Portfolio (6), as the share of overdue foreign currency-based housing loans is at least 2x as high as that of forint-based housing loans. And then we haven’t talked about free-use foreign exchange vs. on HUF loans.



Previous part:

Tags: Living 

The KSH(CSO) provides real figures - also on inflation

The KSH(CSO) provides real figures - also on inflation

In the previous two sections (1, 2) we dealt with the CSO wage statistics. Now we take inflation.

The rate of inflation, the consumer price index (3), indicates an increase / decrease in the price of about 1000 relevant goods and services. These representatives participate with different weights in determining the final inflation rate based on consumption data. Specific prices are collected and averaged by professionals from all over the country and on the Internet in a representative way.

There are several weightings: in addition to the mentioned consumer price index (inflation), there is a so-called consumer price index for pensioners, in which e.g. the proportion of drugs is higher. The HICP (Harmonized Index of Consumer Prices) makes it possible to compare the inflation rates of the EU Member States, as it defines a common method and even takes into account national consumption weights / habits.

The inflation rate set by the CSO (4) and the HICP (5) differ only by a few tenths of a percent. Yet the HICP must be true because it is EU. Right, libsik? So then the calculation of the CSO is also true. For methodological or technical reasons, real estate prices are not included in these indices.

It is classified and weighted into chapters and main groups in the said approx. 1000 products / services (6, 7).

Hopefully, with one last breath, the “Why” Index also reported a set of sentences that pretended to be objective (8). The classroom part of obtaining a license was highlighted, a graph was drawn as if everyone were re-learning the TRAFFIC three times a year. Consequently, the weight of this item is extremely low. Most students learn to get the price of the TRAFFIC course and exam anyway (9).

The same article (8) cannot deny the stagnation / decline of petrol prices, but they highlight apples. As a reassurance, the higher price is not pocketed by Sagittarius or zorban, but simply by the frosts of spring that ruined much of the crop, and even the mild winter and rainy May put a shovel on it (10). This is a gift.

Another typical libsi mantra is that rents are not given sufficient weight (1.2%) in the price index (8) and are even much higher in many other countries (Austria 4.6%, Germany 10.7%). But what is the reason why Romania includes renting even less than ours (0.5%)? The fact that the population of Hungary insists on owning a home (11), as 86% of the population live in their own home (of which 15% live on loans), compared to 55% in Austria and 52% in Germany. 7-9% of tenants rent on a social basis and only 4-5% on a market basis. Wow. On the other hand, almost everyone in Romania has their own property, which is why this item is given so little weight to them.

It is a typical liberal scam to emphasize a small negative slice of circumstances and to suggest that everything is bad as a result, especially in Hungary. So they do not present the whole picture, but highlight statements and facts that may even be true in themselves, but lose their meaning when viewed as a whole.

The annual increase in rent (7) in the first months of the year was around 10%, while the increase was halved due to the coronavirus. The same can be seen for the 33% increase in fruit prices and the increase in the management course. Looking further afield, food prices rose by 8% overall in June compared to a year earlier, housing-related expenditure rose by 1.6%, while transport costs fell by 5.1%, and so on. Taking all components into account, inflation was 2.9%.

If we look back at (6) and (7), we see that the weight of renting an apartment has increased over the years, as the proportion of own home ownership has decreased. The weight of the overhead has been steadily declining, although if the CSO wanted to cheat, it would leave the weight unchanged here, because the overhead cost would be pretty much stagnant. Fuck, isn't the CSO cheating after all?

It is important that there is no average consumer, everyone has different consumption habits. That is why one may feel that life is not going to become more expensive, and that others are visions of hyperinflation.

Because the weights are public, anyone can calculate their own inflation rate (12) even if there is no official application for that purpose.


Tags: Economy  Living 

The government has saved the jobs of more than 260,000 people

The government has saved the jobs of more than 260,000 people

The breakdown of investments by county can be read in this article:https://www.facebook.com/.../photos/10914131.../188412119302596/

Thanks to government action, more than 260,000 people have been left with jobs in the coronavirus epidemic, said the state secretary for employment policy at the Ministry of Innovation and Technology (ITM).

Analyzing the latest unemployment data, Sándor Bodó said that about 100,000 people lost their jobs due to the coronavirus epidemic, so that employment in excess of 4.5 million fell to about 4.4 million in Hungary.

"These difficulties were obviously very difficult for the Hungarian economy, and we had to take very serious professional measures," he stressed.
job protection wage subsidies helped 200,000 people, job creation wage subsidies helped more than 40,000 people, and about 20,000 of the engineers working in the field of research and development also provided support.

Sándor Bodó assessed that the pandemic period had been overcome relatively successfully, and now the task is to help those who want to return to the labor market with additional measures.


Tags: Living 

The KSH provides real figures - also on wages - Part 2

The KSH provides real figures - also on wages - Part 2

In the previous part (1) we dealt with the KSH(CSO) wage statistics. We will continue now.

According to Tamás Mellár, an addict to the neoliberal economy, wage growth is slower than the figures shown by the CSO (2), which is only his opinion. The Daily article also mentions that the CSO takes into account enterprises with more than five employees, ie micro and small enterprises are excluded, where, in their opinion, wage growth is slower. The (double) measure states similar clues (3), and even raises the problem that the data of 1.7 million employees are not calculated by the CSO.

The following issues arise with the above statements:

1. As the Mérce rightly wrote, the data of enterprises with more than five employees, but with at least five employees, are processed at the CSO.

2. The basis for earnings and headcount statistics (4) is indeed, from 2019, with data from the NAV of enterprises with at least 5 employees. The only problem is that until 2018, data from all enterprises with at least 50 employees were taken into account, but enterprises with 5 to 49 employees were represented in a representative way only in the statistics (5). In Hungarian, the CSO will publish much more accurate monthly figures from 2019, which “accidentally” escaped the attention of the independent objective press, and even suggest the exact opposite.

3. The wording of the Daily suggests that micro and small enterprises are all left out of the statistics. This is a lie because, by default, we are talking about a micro-enterprise of up to 9 people and a small enterprise of up to 49 people (6), which is also overshadowed by net sales and balance sheet total. In Hungarian, some micro-enterprises remain and a small number of small enterprises.

4. Of the 1-person micro-enterprises, there were 508,289 in 2018 (surprisingly with the same number of employees), 583,094 worked in 2-9-person micro-enterprises. About 6-7 million people can work in a micro-enterprise of up to 4 people (7). So we’re mostly talking about one-man businesses, and here’s the rusty bump that they’re also family or friends associations for the most part. Nobody wants to take these businesses seriously, do they? Let’s just say that most of them live quite well (1).

5. It is raised as a problem that the data of 1.7 million people are not calculated by the CSO. Yes, because on the one hand, it does not count micro-enterprises with a maximum of 4 people for the above reasons. The statistics cover full-time work, but 243 000 work part-time (8). It is very important that the statistics apply to those employed, you just need to read the header of the table. Thus, it does not apply to employees (9) but to full-time employees. An employed person was a person who did at least 1 hour of income-generating work during the week under review. Not employed but employed. That is, it may be a public worker, a casual worker, working in black, masquerading somewhere, working in, working abroad, peeling potatoes in prison, and so on. Who cares!?! You buy, you pay VAT. Is it understandable why consumption is taxed with higher VAT and not wages are charged?

All numbers, statistics and methods are round, especially from 2019.

Anyone who still does not believe that a steady and significant increase in people’s revenue should look at the change in the volume of retail turnover (10, 11). It also falsifies the CSO, huh? Ridiculous.

The only problem is that Gyurcsány and his sleigh shout that the CSO is lying (12). The reality, on the other hand, is that they were the ones who cosmeticized the economic data during their regeneration and produced reports in their own right that the CSO should have (13). It is good communist or liberal custom to accuse their opponents of acts that they did. We didn't expect anything else.


Tags: Living 

We buy more than people in other EU countries

The left-wing lie of the "country of 4 million starving" has failed again. The Hungarians say thank you, they are fine

We buy more than people in other EU countries

Among the European Union member states, household consumption grew most dynamically in Hungary in the first quarter. This is certainly because, as the index and DK wrote, 35% of workers lost their jobs😂

In this macroeconomic indicator, Hungary is at the top of the EU list

According to a recent Eurostat study of macroeconomic data, Hungary is in a relatively good position compared to other EU member states in terms of (pre-epidemic) GDP growth, the labor market situation, and household consumption, which may provide a basis for a resumption. Among the EU member states, household consumption grew the most in Hungary in the first quarter. Both the declining trend in government debt-to-GDP ratios in recent years and the positive external financing capacity may increase the country's financial protection.

📌Economic environment
Many EU member states have already suffered a severe economic downturn in the first quarter of this year. This is mostly explained by the earlier appearance of the coronavirus and less effective epidemic management. The largest GDP contractions hit Italy, France and Spain.

Hungary grew by a further 2 percent in the first quarter, based on seasonally adjusted data. This was accompanied by the 4.6% GDP growth rate of Hungary in the fourth quarter of last year. Such growth has been measured in only a few Member States.

GDP growth trajectory, EU countries, Hungary (HU), first and fourth quarters of this year, annual comparison, percentage

📌Labor market
Both past and expected growth are supported by the exceptionally low Hungarian unemployment rate, which stood at 3.8 percent in April and 4.1 percent in May. These values ​​are also extremely low in EU comparison. Thus, the coronavirus hit the domestic economy in a strong, healthy state at a time when the full level of employment was close.

Unemployment rate development, EU member states, Hungary (HU), per cent

Among the European Union member states, household consumption grew most dynamically in Hungary in the first quarter.

Household consumption, EU member states, Hungary (HU), first quarter of this year and fourth quarter of last year, annual growth rate, per cent

Thanks to the low unemployment rate, the dynamic wage growth of previous years and the household savings rate of 8-10 percent, household consumption can stabilize at a relatively high level after the most difficult months of the epidemic.

In addition, the rescue packages introduced by the Magyar Nemzeti Bank and the government fairly quickly, saving 18-20 percent of GDP, saved jobs for hundreds of thousands of families, while avoiding a major wave of corporate bankruptcies. These factors also contribute to the increasing expansion of household consumption.

📌External balance
The current account balance was close to zero in the case of Hungary. In this respect, Hungary is in the middle of the EU.

Current account developments, EU member states, first quarter of 2020, as a percentage of GDP

The weakening of external demand is rather bad news for the export-oriented Hungarian economy. The combination of relatively resilient domestic demand and more moderate export market activity may keep our current account balance in a slightly negative range this year, 2021 and 2022.

At the same time, it is important to note that Hungary's external financing capacity, ie the combined balance of the current account and the capital account, may be in surplus until the end of 2022. In this respect, Hungary can remain in a net lending position for a long time.

In the light of dynamic household consumption, inflation in Hungary has risen to recent levels. However, among the Visegrad countries, Poland and the Czech Republic also showed higher values ​​in April and May.

The coronavirus epidemic has significant inflation-reducing effects, so both domestic and international inflation rates may be lower than in previous quarters.

Inflation trends, EU member states, April and May, per cent

📌public debt
It is not such a tragedy in terms of public debt inflation if inflation indicators navigate from time to time at the top of the 2-4 per cent tolerance band of the central bank.

Thanks to the rapid economic growth of recent years and the disciplined fiscal policy, Hungary's public debt as a share of GDP has decreased significantly, which is now in the middle of the EU.

Development of government debt as a proportion of GDP, end of 2019, per cent

The European Central Bank forecasts the eurozone economy could shrink by 8.7 percent this year. On the other hand, based on the MNB's forecasts, Hungarian GDP may expand by between 0.3 and 2.0 per cent. If the central banks' forecasts come true, we could grow 10 percentage points faster this year than in the euro area.

Of course, real economic catching-up does not mean that everyone falls by 9 per cent and we grow by one per cent. However, in the current environment, it is a serious achievement to bring out an economic performance of around zero percent, which can undoubtedly provide a strong foundation for a restart.


Tags: Economy  Living 

All students receive the textbook for free

All students receive the textbook for free

🔴The Gyurcsánys benefited from the children and the families raising the children, the National Government supports the families, encourages the adoption of children, and ensures the upbringing of the children under fair conditions.

Textbook Issue.

In this article, we have deduced in detail what the beginning of the school year meant for an average Hungarian family before 2010 and what it means now. Before 2010, textbook packages accounted for 80% of the salary of one (lower-paid) parent, but currently the textbook is free.

Gyurcsánys unscrupulously sold everything that generated a guaranteed profit, such as textbook publishing: a predictable, predictable, secure business. The textbook publisher was sold to their friends, the price of textbooks increased year by year, while Hungarian families were hit by 11.3% unemployment, soaring prices, inflation, triple gas prices and double electricity prices. Even this was not enough for the Gyurcsánys, they abolished the family tax credit, abolished the socpol (a smaller version of the current CSOK), removed subsidized forint loans so that young married couples did not even accidentally have their own home, and trapped people in foreign exchange traps.

In contrast, the National Government put textbook publishing on a new footing and reduced the burden on families by tens of thousands of forints a year: the National Textbook Publishing is state-owned, the company does not operate on a profit basis, but performs rational, cost-effective work. The Government also bought the Alföldi Nyomda, which has been printing textbooks for many decades, thus reducing state expenditures, as now, in addition to the cost of production, the profit does not have to be paid to a market company.
And parents can be happy, because the textbook is FREE:

The head of Alföldi Nyomda stated: “The future of Alföldi Nyomda, which has been operating for 459 years, is stable, and I am sure that it will be able to serve Hungarian culture for hundreds of years” Géza György has not been replaced, he will remain at the head of the printing house years he has been successfully managing the company.


Full list of family support:https://szamokadatok.hu/Post/996/Minden_a_csaladtamogatasrol_-_Teljes_lista_a_baloldali_alhirek_ellen

Tags: Education  Living 

More and more Hungarians can afford a holiday!

According to the left, Lake Balaton is only accessible to the Fidesz Oligarchs, and in reality to twice as many people as at the time of their regeneration.

More and more Hungarians can afford a holiday!

While in 2010 35 percent of Hungarians could afford to go on vacation, now 58.5 percent have the financial means to do so - said Bence Rétvári, EMMI's parliamentary secretary of state.

Rétvári: This year you get a holiday for several people

According to Eurostat, in ten years, between 2010 and 2019, nearly 2.5 million more people could afford to go on holiday than before, the parliamentary secretary of state at the Ministry of Human Resources said at a press conference in Budapest on Wednesday.

Bence Rétvári recalled: before 2010, families were in a difficult financial situation, unemployment increased, wages in the public sector fell, pensioners' one-month pensions were taken and the cafeteria was taxed at 25 per cent, families spent on living instead of on holiday.

However, after 2010, especially after 2013, due to the government's policy, unemployment decreased, the number of employees increased by 800,000, domestic travel was made popular and accessible with the Széchenyi Holiday Card system, and the Elizabeth camps helped children, families and the elderly to relax.

According to Eurostat data, 35% of Hungarians could afford a holiday in 2010, up from 58.5% last season, meaning that nearly 2.5 million more people could afford to go on holiday in ten years.

In addition, there was much more money for holidays: in 2010 it was HUF 247 billion, last year it was HUF 393 billion - added Bence Rétvári. He noted that the left interpreted Eurostat data out of trend, while it was essential to examine the trend.

Bence Rétvári noted that Eurostat data also show that the largest increase in household expenditure last year was in the field of hospitality and culture.

He added that other data also support that more and more Hungarians can afford a holiday and there are fewer and fewer who cannot go on holiday for financial reasons. He mentioned as an example that

the number of guest nights spent increased by 61 percent.

The proportion of those who have reserves has increased
He also said that according to Eurostat, the number of people living in severe material deprivation decreased by 1.5 million in Hungary, while the proportion of those who have a 70-90 thousand forint reserve for unexpected expenses increased by almost 4 million.

In the European Union, the proportion of those with reserves increased the most in Hungary, he added. Bence Rétvári emphasized that the measures of the period since 2010 have successfully reduced material deprivation, reduced the number of people living in deprivation and deep poverty, and opened the possibility for more and more people to have financial means even for a holiday. He noted that it is therefore important to continue "an economic policy that is not based on austerity".


Tags: Living 

The textbook is free for all students from September - the news reads (video at the end of the article, including Bence Rétvári)

The Number Team illustrates the significance of this with a concrete example

The textbook is free for all students from September - the news reads (video at the end of the article, including Bence Rétvári)

Many take it for granted, many do not know how painful every school year used to be for ordinary Hungarian families. The left has raised the price of textbooks to the skies, the tanker publisher has been privatized, the tax credit has been withdrawn from families with one and two children, the social policy has been abolished and unemployment has been raised to 11.3%, the price of gas has tripled and the price of electricity has doubled, they trapped people in foreign exchange traps by abolishing interest-subsidized forint loans, pushing hundreds of thousands of families to the brink of the gap, some into the abyss.

The change of attitude came in 2010: foreign currency loans were phased out, all distressed families could keep their homes with the help of the National Asset Manager, overhead prices were reduced by an average of 25 percent, the family tax credit, the family support system were introduced, the textbook publisher is now state-owned and recently bought. the Hungarian State also provides the Alföldi Printing House, which produces textbooks, thus ensuring the complete security of textbook supply and switching production to non-profit mode instead of profit-based.

Hungarian families get the textbooks for free today! As of the 2020/21 school year, all students - a total of 1.2 million students - will receive textbooks completely free of charge, the parliamentary secretary of state in the Department of Human Resources said on Monday.
Bence Rétvári explained: the measure affects lower and upper primary school and secondary school students in addition to the 13-16. students in vocational education and training.
The extension of the free textbook supply will cost HUF 13.5 billion, which will be covered in both this year's and next year's budget, he explained. The Secretary of State remarked that previously the price of a textbook package could reach up to 20-30 thousand forints, this amount can now remain entirely with the families.
He put it this way: the government sees textbook provision as a form of family support and considers it important that in a family-friendly country, the cost of buying textbooks later on should not be a consideration when having children.
He stressed that public textbooks are produced at a much lower cost than books from private publishers, and that administration also imposes far less administration on schools once it takes place on digital interfaces.
He indicated that creating opportunities is also a priority, ie there is no need to consider whether one or the other textbook is chosen because it is cheaper or more expensive, but the orders can be adjusted to the profile of the school and the students.
He said the textbooks will be produced according to the usual schedule and it will be possible to ensure that completely free textbooks arrive in all schools by the end of August.
The picture shows the September of an average Hungarian family. Dad earns an average wage, a mother earns a minimum wage, the two children are 9th and 11th graders. Everything else, such as utilities, has to be paid out of the remaining net, which was 25 percent more in 2008 than it is today.
Everyone can see that our family with two children can farm 2.7 times more money today than in 2008. We wrote net amounts throughout the amounts. Between 2008 and 2020, the inflation rate was 35%, so for those who doubt the extent of the measures and real wage growth, we describe that, taking into account inflation, the increase is 1.76 times, ie compared to 2008, the said family is 76%. can take more of their remaining money.

The news: From the 2020/21 school year, all students - a total of 1.2 million students - will receive textbooks completely free of charge
minimum wage:https://www.ksh.hu/docs/hun/xstadat/xstadat_eves/i_qli041.html
Average Salary:https://www.ksh.hu/docs/hun/xstadat/xstadat_hosszu/h_qli001.html
Price of textbooks:https://www.bama.hu/gazdasag/tankonyvek-huzos-arak-2-147300/
Payroll Calculator 2008:https://www.nettober.com/index.php?p=berkalk20080101
Payroll Calculator 2020:https://www.hrportal.hu/berkalkulator-2020.html
Average salary this year:https://24.hu/fn/gazdasag/2020/06/30/400-ezer-forint-fole-nott-az-atlagber/
Amount of family allowance:https://vasarlocsapat.hu/_kalkulator/_csaladi/csaladi-potlek-osszege.shtml
Full list of family support:https://szamokadatok.hu/Post/996/Minden_a_csaladtamogatasrol_-_Teljes_lista_a_baloldali_alhirek_ellen

Tags: Living 

Hungary won the recipient

Hungary won the recipient

! ️🇭🇺What is it: it has decreased for 7 years, it has not become more expensive since then, and it benefits all Hungarians, all companies and all state institutions living in Hungary? Yes, the price of the overhead!

In this article, we explained in detail what this means of overhead reduction means for an average family of 4 members: saving nearly 584 thousand forints in 7 years. If we take into account that if the left were to rule during this period and raise prices at the previous pace, our family would be roughly 1.5 million forints higher today than it could be if Viktor Orbán's government did not rule Hungary today.

And the latest news: Hungary has won the recipient

The Overhead Reduction will remain, so together with the favorable taxation, the Hungarian economy will continue to be attractive to investors, as the price of natural gas and electricity is one of the cheapest in Hungary.

Hungary does not violate EU law by excluding the inclusion of the costs of the special tax on financial networks and financial transaction fees in system usage fees, as the EU regulation does not provide for this - according to a recent judgment of the European Court of Justice (ECJ). procedure. The case came before the panel because the European Commission considered that the regulation violated EU law and therefore initiated infringement proceedings. With the verdict, Hungary won the discussion with the committee over the years and defended the results of the overhead reduction, the Ministry of Innovation and Technology (ITM) emphasized in its evaluation sent to our paper. They added:

the court confirmed by its decision that Hungary can decide on the issue within the competence of a member state, so the overhead reduction is not in conflict with EU law.

The judgment also states that an effective remedy must be available in connection with the decisions of the Hungarian Energy and Utilities Regulatory Authority setting system usage fees. In light of this, Hungary is ready to amend the legislation.

ITM stressed that the government remains committed to protecting the results of overhead cuts, which is also an important element of its climate and nature conservation action plan announced in January this year, so that the population can use cheap, innovative energy.

From Hungary's point of view, the transition of the countries of the Western Balkans to a sustainable economy is also a key issue. Oliver Várhelyi, Commissioner for Neighborhood Policy and Enlargement, agreed with Péter Kaderják, Secretary of State for Energy and Climate Policy at ITM. Politicians have identified several links between the EC's economic and investment plan and the climate protection program of the Western Balkans Green Center, coordinated by the ITM. The latter by preparing projects

it can significantly increase the volume of feasible investments ready for financing, thus helping the region's climate protection efforts and EU integration, which is also of strategic interest to Hungary.

Olivér Várhelyi emphasized that in the period between 2021 and 2027, increased financial resources will be available for the development of the Western Balkans region compared to the previous period.

Péter Kaderják said that more than one and a half billion forints of support is available in the Western Balkans Green Center program in two years, thus improving the international competitiveness of domestic companies interested in the green economy.

Hungary's climate protection goals remain unchanged: by 2030, the energy produced in Hungary will be ninety percent carbon-free, and by 2050 we can become a climate-neutral country without jeopardizing economic growth and burdening Hungarian families.


Tags: Economy  Living