The final figure was undoubtedly higher, as the police statistics only cover bicycles valued at more than HUF 50,000, and the theft of cheaper bicycles is not recorded, the paper said. 

Almost half of all bicycle thefts recorded occurred in Budapest, with thefts in neighboring Pest County and Jász-Nagykun-Szolnok County also high in number, according to MTI. The lowest number of bicycle thefts last year was in Nógrád County, in the north of Hungary, the report noted.