Hungary has discounted the price of gasoline at the pump. But not if you have a foreign license plate.
It’s also taxing what it calls “extra profits” of industries including airlines, with carriers like Ryanair and EasyJet increasing ticket prices to cope.
The nationalist government argues that it’s trying to ease an economic downturn and the highest inflation in nearly 25 years amid Russia’s war in Ukraine, but the unusual moves by the central European country are alienating companies and threatening a renewed standoff with the European Union.
