Hungary's booming wedding market doused by soaring inflation

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Hungary is now projected to run the European Union's highest average inflation rate at 16.4% in 2023, driving up the cost of nuptials.

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.

The impact was so strong that sociologists say Hungary was the only country in the world where the number of weddings did not fall during the COVID-19 pandemic in 2020. Livia Murinko, a senior research fellow at the Hungarian Demographic Research Institute, says high inflation has contributed to a fall in the number of weddings after the boom years fueled largely by all the related government handouts.

Others are scaling back their wedding plans or even scrapping receptions altogether. Stunned by the costs, many couples do not even respond to emailed quotes, service providers say.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

FDCP opens call for Filipino producers, audiovisual companies for Cannes Marché du Film 2023The Film Development Council of the Philippines announced that they would be selecting Filipino producers who will be included in the Producers Network, which will happen from May 17 to May 22 in Cannes, France. | HMallorcaINQ
Источник: inquirerdotnet - 🏆 3. / 86 Прочитайте больше »