“We will order banks, insurance companies and large retail chains, energy and telecommunications companies and airlines to pay part of their extra profits to two funds that the cabinet established to mitigate the impact of rising prices for households and to rearm the Hungarian army. This regulation applies to the years 2022 and 2023. We expect those who have extra profits in this war period to help the people and contribute to the state’s defense spending, “said Orbán.
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State of war threat
Orbán’s cabinet declared a state of war threat from midnight on Tuesday to Wednesday. “This war poses an ongoing threat to Hungary, threatens physical security, but is also a threat to secure energy supplies for the economy and families,” Prime Minister Orbán said on the social network.
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The Prime Minister emphasized that the government had used the law enshrined in the Hungarian Constitution to declare a state of war threat.
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“The cabinet made a promise on Tuesday and immediately started working because war is raging in the neighboring country. It is a war whose end no one sees yet, “said Orbán. The Prime Minister of Hungary added that the war and Brussels’ anti-Russian sanctions were leading to a huge economic disruption and drastic price increases. “The world is on the verge of an economic crisis,” he added.
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Orbán justified the introduction of a state of war threat by saying that the cabinet needs room for maneuver and immediate action in this situation. “As in the case of an emergency at the time of the coronavirus pandemic, the state of war threatens to respond immediately and protect Hungary and Hungarian families by all possible means. Hungary must stay out of this war, “said the Hungarian prime minister.
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