- 13 Apr 2022 11:08 AM
- Hungary Around the Clock
The previous price increase was in response to rising costs last year but owners face now soaring energy prices, he observed.
In addition, employees are demanding 30% pay increases, on average.
Flour and cooking oil are becoming more expensive, but are still available, Gendur said, whereas there are reports of quantity restrictions in some places in Western Europe because the Russian-Ukrainian war is expected to lead to a significant shortage of grain.
Not everyone in the logistics chain has survived, he added, and fuel costs could rise further if the price cap is removed.
Another area of concern is staffing, as the start of the season at Lake Balaton will exacerbate the labour shortage in Budapest, Gendur warned.
Some hotels and restaurants are already considering hiring Filipino, Indonesian, or Vietnamese workers, he added.
This will also require preparing Hungarian workers for the fact that sooner or later Hungarian will not be the only working language, said Gendur.
This will not be a problem for workers returning home from work in a diverse environment, he continued, but it may be a source of tension for workers who have only socialised in a Hungarian environment.