Domestic

Government

Gov’t Keeps Rate on General-purpose Student Loans at 7.99%

The rate on free-purpose loans offered by state-owned student loan provider Diákhitel will remain at 7.99% in 2024, the Economic...

Government

Companies’ Own Success Precondition for Country’s Success – Orbán 

Hungarian companies' own success is a "precondition" for the success of the whole country, Prime Minister Viktor Orbán said on...

Government

Sport Now ‘Strategic Sector’ for Hungary – Minister

Sport has become a "strategic sector" for Hungary, Defence Minister Kristóf Szalay-Bobrovniczky told parliament's cultural committee at a hearing on...

Government

Gov’t Extends Mandatory Supermarket Food Discounts Till June

The government has decided to extend discounts big supermarkets must offer regularly on a number of food products until the...

Government

Gov’t Submits Bill on Protecting National Sovereignty

The government submitted a bill to lawmakers on Tuesday that would establish a Sovereignty Defense Office and introduce criminal sanctions...

Government

Gov’t Backs 15% Minimum Wage Rise for Unskilled Laborers

The government backs, in principle, the majority position at the VKF, a forum of employers, unions, and the government, on...

Government

Gov’t to Continue Phasing out Sectoral Taxes

The government will continue to gradually phase out special taxes on some sectors of the economy, the Finance Ministry said...

Government

Gov’t Raising Fuel Excise Tax Refund Threshold for Haulers

The government has decided to raise the refund threshold for excise tax on vehicle fuel for haulers from HUF 3.5...

Government

Gov’t Announces new Home Purchase Subsidies Scheme

Culture and Innovation Minister János Csák announced the main elements of a new home purchase subsidy program for which city-dwellers...

Government

Gov’t Clears Next Phase of Hungaroring Upgrade

The government has taken a decision allowing the second phase of the upgrade of the Hungaroring race track, on the...

Government

Gov’t Weighs Extending Suspension of Ad Tax for Another Year

The government is considering extending a suspension of a sectoral tax on advertising businesses for another year, until the start...

Government

Economic Growth to ‘Restart’ in 2024 – Orbán

Prime Minister Viktor Orbán said inflation would fall into the single digits in November or December and augured the "restart"...

Government

Gov’t to Tighten Rules on Guest Workers

The government will tighten further rules on immigration and guest workers, the Economic Development Ministry said on Thursday, according to...

Government

Gov’t Adopts New Rules for Real Estate Funds

In order to ensure the safe operation of real estate funds and further increase their competitiveness, the government has adopted...

Government

Gov’t Raises 2023 Deficit Target to 5.2% of GDP

The government has modified this year's general government deficit target to 5.2% of GDP "in view of significantly increased expenditures",...

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...