Domestic

Government

Government Seeking to Exploit Hungary’s Geothermal Energy Potential

Hungary is sitting on, but failing to properly utilize, thermal waters laying below the earth’s surface; new legislation and investment...

Government

Hungary to End Food Price Caps

The government has extended price caps on food until August 1, after which time they will cease, Gergely Gulyás, the...

Government

Gov’t Announces Changes to Family Support Schemes

The government will lower the age threshold for eligibility for prenatal baby support loans and modify home purchase subsidies for...

Government

Gov’t to Cap Electricity Prices for Some Sectors

The government will cap electricity prices for businesses in the manufacturing, commercial accommodations, and logistics sectors at net EUR 200/MWh...

Government

Gov’t Could Intervene in Fixed-price Electricity Contracts

Businesses need to be "freed from the trap of fixed-price electricity contracts," Minister of Economic Development Márton Nagy said at...

Government

Gov’t to Roll out Economic Protection Plan

Prime Minister Viktor Orbán said the government would introduce an economic protection plan to mitigate the impact of the war...

Government

Fész Urging Gov’t Consultation Over EPR Introduction

The Federation of Responsible Food Manufacturers (Fész) is proposing an urgent consultation with the government due to the extended producer...

Government

Gov’t Submits Tax Bill to Lawmakers

The government submitted a bill on next year's tax changes to parliament on Tuesday, according to a report by state...

Government

Gov’t Providing HUF 6 bln in Support for Small Business Entrepreneurs

The government will make available HUF 6 billion in support for Hungarians who want to start their own small businesses...

Government

Gov’t Submits 2024 Budget Bill to Lawmakers

The government submitted the 2024 budget bill to parliament on Tuesday, according to a report by state news wire MTI....

Elections

BCCH Elects Board for Next 2 Years

The Annual General Meeting of the British Chamber of Commerce in Hungary (BCCH) took place this week. Duncan Graham was...

Government

Amendment Proposes Abolishing Interim Local Gov’t Election

A legislative amendment proposal submitted to the Legislative Committee of the Parliament would abolish the interim local government election, according...

Government

Gov’t Decree Extends Csok Deadlines

A government decree published in Friday evening's official Magyar Közlöny [Hungarian Gazette] introduced several simplifications for Csok and Village Csok...

Government

Gov’t Extends Rate Freeze for Households, SMEs

The government has decided to extend interest rate freezes for retail borrowers and SMEs until the central bank base rate...

Government

Gov’t Affirms Target of 1.5% GDP Growth

Hungary's government has affirmed this year's targets for 1.5% GDP growth and a 3.9%-of-GDP general government deficit in an update...

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...