Domestic

Government

Gov’t Clears HUF 200 bln Aid for SMEs in Energy-Intensive Manufacturing

The government has approved an allocation of around HUF 200 billion to help SMEs in energy-intensive manufacturing segments manage higher...

Government

Gov’t Mulls Bailout for Dunaferr

The government will assess the situation of ISD Dunaferr and weigh measures to rescue the troubled steel maker at a...

Government

Szijjártó Calls Russian gas cap ’Absurd’, Wants Focus on Peace

Although countries across Europe face energy supply crunches as the temperature drops with the changing season, Prime Minister Viktor Orbán...

Government

Hungary Extends Winter Break to Save Energy

Hungarian students' winter break will be extended to save on energy costs, Gergely Gulyás, the head of the Prime Minister's...

Government

Gov’t Earmarks HUF 75 bln in Support for Energy-Intensive SMEs

The government is allocating HUF 75 billion in support to help energy-intensive SMEs pay their gas and electricity bills in...

Government

Gov’t Submits 2nd Package of Bills Related to Conditionality Procedure

The government late on Friday submitted a second package of bills to lawmakers related to the European Union's conditionality procedure,...

Government

Energy Crisis Requires Public Intervention in Corporate Sector – Nagy

Minister for Economic Development Márton Nagy said that addressing the energy crisis requires public intervention in the corporate sector at...

Government

Talks on Hungary’s EU Funding ‘Point to Progress’ – Justice Min

Talks with the European Commission on the transfer of Hungary's European Union funding "point to progress", Justice Minister Judit Varga...

Government

Government Extends Food, Fuel Price Caps

Hungary's government has decided to extend price caps on staple foods and motor fuel, Gergely Gulyás, the head of the...

Government

Hungary Sends Mixed Messages on Ukraine, Says Goodbye to Gorbachev

Hungary will have enough gas this winter to supply its households and the economy, State Secretary Tamás Menczer at the...

Government

Hungary Tightens Abortion Rules

According to a decree published in the Hungarian Gazette (Magyar Közlöny), Hungarians women seeking an abortion will have to listen...

Government

Gov’t Supports Extending Home Construction VAT Rate 

A government decision to extend a 5% preferential VAT rate on home constructions until 2024 could be pushed further back...

Government

Gov’t Acted on Vodafone Deal Rather Than Miss Opportunity – Gulyás 

The government needed to act on the chance to acquire the local business of U.K. telco Vodafone if it didn't...

Government

Gov’t Raises Heat Value Threshold for Avg Gas Consumption

Hungary's government decided to raise the heat value threshold for regulated price gas consumption to 63,645 MJ/year, Gergely Gulyás, the...

Government

Constitutional Court to Examine Change in KATA Law

A motion in connection with the amendment of the Itemized Tax for Small Businesses (Kata) was sent to the Constitutional...

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...