Hungary's booming wedding market doused by soaring inflation

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Soaring inflation is taking the steam out of Hungary's wedding market, supercharged in recent years by Prime Minister Viktor Orban's lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023.

Nationalist Orban, in power since 2010, has launched tax breaks, housing support schemes and cheap loans worth some 5% of economic output per year for newly weds to arrest Hungary's demographic decline, while strongly opposing immigration.

But the situation appears to be changing with Hungary now projected to run the EU's highest average inflation rate at 16.4% this year amid surging food, power and services prices, driving up the cost of nuptials and eroding the value of Orban's support measures. "Nearly anyone who could potentially get married has already done so," she said. "We did not think that this wedding boom would be so strong and prolonged, but it will now probably return to equilibrium."

Mihaly Toth, a master of wedding ceremonies, says the number of couples planning to tie the knot is likely to fall from last year's levels.

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 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

weddings are for women, marriages are for men

FreeMilesGuo

Is it possible some people just don’t want to get married…?

The question is.....what happened 9 years ago?

Schools in Japan are closing for lack of students attending because of low birth rates.

Don’t play that game Reuters you will loose … stop creating lies

This is fake news meant to make someone who actually defends their country sound like a bad leader. Inflation is everywhere. Even if Hungary has it happening too, at least it's a result of good policy for that country. Unlike America's raging inflation problem.

A pregnant bride is a strange thing

SPY $SPY

must be the caterer's union.

Hungary has a low TFR - why do they even need weddings ?

Congratulations 👏

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