Orbán cabinet announces first victory over mobile, TV, Internet price increases

girl smart phone mobile

The government welcomes telecommunications companies’ voluntary decisions to freeze prices for subscribers, the National Economy Ministry said in a statement on Friday.

The ministry noted that the country’s biggest telcos had scrapped planned inflation-linked fee increases and pledged to keep retail rates unchanged for at least a year, and it acknowledged the companies’ contribution to combating inflation. The ministry said it would closely monitor fee developments and was prepared to intervene, if necessary, to prevent any unjustified price increases.

Telcom price increases scrapped
No price increases until 1 July, 2026, concerning TV, Internet, mobile services in Hungary. Source: FB/Márton Nagy, Hungary’s national economy minister.

Márton Nagy meets with Japanese finance, economy ministers in Tokyo

National Economy Minister Márton Nagy has met with Japanese Minister of Finance Katsunobu Kato and Minister of Economy, Trade and Industry Yoji Muto in Tokyo, his ministry said in a statement on Friday. Enhancing bilateral economic, trade and investment ties was the focus of Nagy’s talks with politicians and economic decision-makers in Tokyo, the ministry said. Hungary is committed to being a dependable partner for Japan, not only in economic terms, but in the areas of politics and tourism, too.

Japanese companies, tourists

There are 181 Japanese-owned companies in Hungary, mainly in the automotive and electronics industries. They employ around 27,000 people. The government of Hungary has signed strategic cooperation agreements with seven of those companies, so far, including Magyar Suzuki. Japan is Hungary’s third-biggest trading partner in Asia, after China and South Korea.

Last year, close to 36,000 Japanese tourists visited Hungary, spending 92,000 guest nights. Hungary aims to strengthen its role as a bridge between capital and know-how from the East and the West, attracting investments with its stable political and economic environment, its competitive tax system, skilled labour force and state incentives, the ministry said. Nagy extended an invitation to Prime Minister Shigeru Ishiba to visit Budapest.

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