Domestic

Government

Gov’t to Raise Pensions in January, Says Varga

The budget working group has discussed next year's pensions, pensions will be raised in January and an annual bonus equivalent...

Government

Sovereignty, Modernization, Connectivity Key to Hungary’s ‘Grand Strategy’

Sovereignty, technological modernisation and connectivity are pillars of Hungary's "grand strategy", Balázs Orbán, the prime minister's political director, said at...

Domestic

Back-to-School Shopping Still a Struggle for Many Families

Many families in Hungary still find back-to-school shopping a significant financial burden, according to a Erste Bank survey....

Government

Gov’t Reopens Bike-friendly Tenders

The Ministry of Construction and Transport and the KTI Hungarian Institute of Transportation Science and Logistics are once again launching...

Government

Application Starts for HUF 50 bln Food Processing Funding Scheme

Applications for HUF 50 bln in funding to support food processing investments that benefit small farmers are being accepted, the...

Government

Chinese Loan to be Used for Infrastructure Developments – Gulyás

A EUR 1 bln loan from a consortium of Chinese banks the state has drawn down will be used for...

Government

Tax Exemption for Tips Faces Technical, Legal Obstacles

Making tips tax-exempt would require overcoming technical and legal hurdles, the National Economy Ministry said on Friday, after Prime Minister...

Government

Hungary Solar Capacity Climbs Over 6,700 MW

Hungary's solar energy capacity has reached 6,712 MW, the Energy Affairs Ministry said on Friday, citing fresh data from TSO...

Elections

Karácsony Declared Winner in Budapest Mayoral Race After Recount

Gergely Karácsony, the incumbent in the June 9 election for lord mayor of Budapest, was declared the winner of the...

Government

Windfall Taxes on Some Companies Phasing out From 2025

Hungary's government will phase out windfall taxes on telecommunication and pharmaceutical companies from 2025, Minister of National Economy Márton Nagy...

Government

State to Decide on Developments at Ferenc Liszt Int’l Airport

The state of Hungary, as a financial and a strategic investor, will decide on developments at Ferenc Liszt International Airport,...

Government

Minster Tells Industry Insiders That Fuel Prices Must Fall

National Economy Minister Márton Nagy told representatives of motor fuel companies that prices at the pump needed to fall to...

Government

Gov’t Introduces ‘Defense Contribution’ for Multinational Companies

The government will levy a "defense contribution" on the wartime windfall profits of multinationals, Gergely Gulyás, the head of the...

Government

Gov’t Extends Childbirth Pledge Deadline for Some Baby Loan Borrowers

The government will extend the deadline for having children for Hungarians who took out prenatal baby support loans around the...

Elections

Kúria Orders Recount in Budapest Mayoral Race

The Kúria, Hungary's supreme court, has ordered a recount of all valid votes cast in the June 9 election for...

Domestic

Hungarian Mother Gets Suspended Sentence for Hiding Daughter From Italian Father

A Hungarian woman who hid her daughter from the girl’s Italian father for more than a decade has received a...

Hungary’s 2027 Budget Combines Tax Relief, Spending Rises and Cost Cuts

Hungary’s 2027 budget will prioritize “fairness” and “development” through tax relief, higher public sector wages and EU-funded investments, Finance Minister...

Former Hungarian Central Bank Governor György Matolcsy Taken Into Custody

Former MNB Governor György Matolcsy was taken into custody this morning. His lawyer said he is suspected of economic fraud...

Hungary Plans 9% Income Tax for Minimum Wage Earners in 2027 Budget

Hungary is set to cut the personal income tax (PIT) rate for minimum wage earners from 15% to 9% next...

British Man Sentenced to Nine Years for Drug Trafficking in Hungary

The Tatabánya Regional Court in Hungary sentenced a British man to nine years in prison for drug trafficking Friday and...

Two Men Detained in Budapest Over Alleged Drug Smuggling From the Netherlands

Police detained two Hungarian men suspected of bringing drugs into Hungary by train from the Netherlands, the National Bureau of...

Péter Magyar Seeks EU Funding for Hungary’s Border Fence and Protection

Hungary will seek dedicated EU funding to strengthen its border fence and border protection during negotiations on the bloc’s next...

Court Upholds Detention of Former Hungarian Minister Hankó in HUF 17 bln Grant Case

The Kecskemét Regional Court has upheld the pretrial detention of former Culture and Innovation Minister Balázs Hankó and former State...

Hungarian Mother Gets Suspended Sentence for Hiding Daughter From Italian Father

A Hungarian woman who hid her daughter from the girl’s Italian father for more than a decade has received a...

Hungary Grants Temporary Diesel Tax Relief to Freight Operators

Hungary will provide temporary diesel excise tax relief of HUF 25 per liter for trucks weighing more than 7.5 metric...

Orbán Urged to Clarify Whether He Ordered Ukrainian Cash and Gold Convoy Stop

Defense Minister Romulusz Ruszin-Szendi has called on former PM Viktor Orbán to clarify whether he ordered Hungarian authorities to stop...

Romanian National Charged With Forcing Hungarian Man Into Servitude

A Romanian man has been charged with forcing a Hungarian man into servitude through violence and threats, the Pest County...

Hungary Targets HUF 800 bln With Wealth Tax on Billionaires

Hungary’s gov't has decided on the details of a wealth tax due to take effect in 2027, an expansion of...

Parties Split Over Security Implications of Szijjártó’s BYD Role

Fidesz and Tisza lawmakers offered contrasting assessments of former Foreign Minister Péter Szijjártó’s employment with BYD after a closed-door parliamentary...

Court Orders Detention of Former Hungarian Culture Minister Hankó

A judge at the Kecskemét District Court has ordered the detention of former Culture and Innovation Minister Balázs Hankó for...

Magyar Says Anti-Corruption Drive Has Reached Top ‘Fidesz Mafia’ Circles

Prime Minister Péter Magyar called former minister Miklós Seszták’s arrest a milestone in Operation Cleansing Fire, saying the anti-corruption drive...