Domestic

Government

Subsidy Rules Relaxed for Businesses in Smallest Settlements

The government has lowered the investment threshold for a subsidies scheme from HUF 4 billion to HUF 1.2 bln for...

Government

Gov’t Doubles Széchenyi Card Investment Borrowing Threshold

The government has decided to double borrowing thresholds for corporate investment credit available in the framework of the Széchenyi Card...

Government

Finance Minister Holds Talks With Business Chamber Chair

Finance Minister Mihály Varga has held talks with László Parragh, the head of the Hungarian Chamber of Commerce and Industry...

Government

U.S. Firms Deem Hungary as Strategic Location to Support Global Operations

American businesses are increasingly considering Hungary as a flagship venue to provide support to their global operations through business service...

Government

Hungary to Defend Farmers ‘at Any Price’ – AgMin

Hungary will use "any means necessary" to protect its farmers if a ban on imports of Ukrainian grain is not...

Government

Hungary’s Economy Set to Double in Size by 2030 – Orbán

The government's goal is to double the size of Hungary's GDP from HUF 80 trillion to HUF 160 tln by...

Government

Parliament Passes 2024 Budget Despite Many Uncertainties

The government majority has passed the country’s annual budget amidst widespread criticism from the political opposition and numerous doubts voiced...

Government

Law on State Construction Investments Ruled Unconstitutional

Hungary's Constitutional Court decided that a law on state construction investments recently approved by lawmakers mandates deviations from the legislation...

Government

Inflation ‘On the Right Path’ – Orbán

Inflation is "on the right path" and could fall into the single digits even before the end of the year,...

Government

Gov’t Issues Decree on Changes to Home Subsidies Scheme

The government has issued a decree raising awards available in the Home Purchase Subsidy Scheme for Families (CSOK) but limiting...

Government

Hungarian Public Support for U.S. Weakens, Doubles for Russia

Some two-thirds of Hungarians believe membership in both the European Union (64% support) and Nato (68%) to be beneficial for...

Government

Justice, EU Affairs Ministers Sworn in

Hungary's new ministers for justice and European Union affairs took their oaths of office in parliament on Tuesday, according to...

Government

Gov’t May Ask ECB for MNB to Operate With Negative Equity

The Hungarian government is reportedly considering asking the European Central Bank (ECB) to allow the National Bank of Hungary (MNB)...

Government

Gov’t Raises Allocation for Interest-free SME Credit

The government has more than tripled the allocation for a scheme offering SMEs interest-free working capital credit to HUF 313...

Government

Hungarian Gov’t Grants Rolls-Royce HUF 1.7 bln to Advance Electric Flight

Rolls-Royce is being awarded HUF 1.7 billion in state funding to support research and development that will advance all-electric and...

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...