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The government insists on maintaining a price cap on fuel, but is ready to negotiate with representatives of small filling stations, Innovation and Technology Ministry state secretary László György said yesterday after meeting delegates of the entrepreneurs’ association VOSZ and filling station network operator Mobil Petrol.
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Commenting on Mr Orbán’s speech outlining his economic policy, a left-wing commentator believes PM Orbán has never been good at understanding how the economy works.
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German company group Rehau Automotive has invested 50 billion forints (EUR 140m) in a new polymer car parts manufacturing plant in Újhartyán, in central Hungary, which is creating 720 new jobs, the minister of foreign affairs and trade said on Tuesday.
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Androméda, a small gasoline retailer, will close all three of its filling stations in Tolna county after it depletes its fuel reserves, owner László Voll told Népszava.
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The business confidence index of the Economic Research Institute (GVI) of the Hungarian Chamber of Commerce and Industry (MKIK) fell to +32 points in January from +37 points in October, practically level with the rate in Q2 2019.
More >>A prolongation of the freeze on petrol prices could drive companies out of business in waves, according to Ottó Grád, head of the Hungarian Petroleum Association.
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