Domestic

Government

Varga: Investor Interest in Economy ‘Remains Strong’

Investor interest in the Hungarian economy "remains strong," Minister of Finance Mihály Varga said in a post on Facebook....

Government

Gov’t Raises Security Reserves Gas Volume

Hungary's government has decided to raise the country's volume of gas in security reserves by more than 700 million cubic...

Government

Gov’t Raises Tax-free per Diem Threshold for Haulers

The government has raised the tax-free per diem threshold for haulers, the Economic Development Ministry said on Monday, according to...

Government

Subsidized Credit Scheme Allocation Raised on Strong Demand

The government raised the allocation for the Baross Gábor Reindustrialization Program, a subsidized credit scheme for SMEs, by HUF 300...

Government

Orbán Reaffirms Gov’t Commitment to Market Financing

Hungary's government has no wish to change its strong commitment to market financing and private equity, Prime Minister Viktor Orbán...

Government

President Novák Addresses UN Commission on Status of Women

President Katalin Novák addressed the annual session of the United Nations Commission on the Status of Women (CSW) in New...

Government

Gov’t Awards HUF 620 bln in Home Renovation Subsidies

The government has awarded HUF 620 billion in home renovation subsidies to 295,000 families in the framework of a two-year...

Government

Gov’t Earmarks HUF 54 bln for Budapest Tram Purchase

The government has decided on HUF 54 billion in European Union support for Budapest's acquisition of another 51 trams from...

Government

Orbán Augurs Inflation Slowdown in March

Prime Minister Viktor Orbán said government measures to reduce inflation will become "palpable" in March in a weekly interview on...

Government

Preparatory Hearing Held in Case Involving Former Officials

A preparatory hearing was held on Friday in a criminal proceeding involving György Schadl, the head of the Hungarian Chamber...

Government

Gov’t Drafting Investment Boosting Scheme

The government is drafting a scheme to boost investment activity with the purchase of privately-owned companies, the recapitalization of existing...

Government

Gov’t Aims to Boost Uni Enrollment in STEM Subjects to 50%

Hungary's government aims to increase university enrollment in science, technology, engineering, and mathematics programs to 50% by 2023, Culture and...

Government

Ministers to Resign From Boards of Trustees of Foundation Unis

Ministers with seats on the boards of trustees of foundation universities have announced their resignation from the bodies effective February...

Government

IMF Urges Hungarian Authorities to Carry out Structural Reforms

The executive board of the International Monetary Fund (IMF) acknowledged Hungary's monetary and fiscal policy tightening amid high inflation and...

Government

Gov’t to Add Equity Element to Business Credit Scheme

The government plans to launch an equity program to give businesses access to sufficient resources for working capital or to...

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...