Domestic

Government

High Hopes and the Highest Representation for Hungary at COP26

Ahead of the COP26 UN climate change conference in Glasgow, the Budapest Business Journal interviewed Attila Steiner, State Secretary for...

Government

Hungary to cap gasoline, diesel prices at HUF 480/liter

Hungary's government has decided to set the maximum price for gasoline and diesel at HUF 480 per liter from November...

Government

Gov’t to continue talks on longer-term minimum wage deal

Hungary's government will continue talks in the future with employers and unions on a minimum wage agreement that extends beyond...

Government

Kósa admits to Hungary using NSO Group’s Pegasus spyware

Lajos Kósa, a senior lawmaker from Hungary's ruling party Fidesz has acknowledged the Interior Ministry bought and used Pegasus spy...

Elections

Outsider Péter Márki-Zay to be Opposition Alliance PM Candidate

In one of the biggest upsets in modern Hungarian political history, the mayor of Hódmezővásárhely has won the second round...

Government

Varga: 4th Wave Here but Won’t hit Growth

Due to the gradually increasing number of coronavirus infections in Hungary in recent weeks, experts agree that a fourth wave...

Government

Gov’t gives employers right to require workers get COVID jabs

Hungary's government has decided to give employers the right to require their workers to be inoculated against the coronavirus, Gergely...

Government

Gov’t rolls out retraining subsidies

The government will launch a subsidy equivalent to 100% of payroll taxes to cover retraining costs of businesses that hire...

Government

Hungarian Gas Delivery and Pricing Take on Geopolitical Implications for Ukraine

Two years ago, the situation on the European and Hungarian gas market looked complicated, with some problems barely settled and...

Government

Old Ally Remains key Economic Player

For historical reasons, including geography and the role played in bringing down the Iron Curtain and the reunification of East...

Government

Gov’t backs parallel rise in minimum wage for skilled workers

The government supports a rise in the minimum wage for skilled workers next year on the same scale as the...

Elections

Márki-Zay wins opposition primary

Hódmezővásárhely Mayor Péter Márki-Zay, representing the Everybody's Hungary Movement (MMM), has won the second and final round of the Hungarian...

Elections

Opposition Primary: Dobrev Wins Round 1, but Karácsony, Márki-Zay may run as duo in 2nd Round

MEP Klára Dobrev, along with her party, the Democratic Coalition (DK), emerged as the winners in the first round of...

Government

Orbán: No Restrictions Until ‘Last Minute Possible’

The Hungarian Parliament voted on September 27 to extend the effect of government decrees issued by the government under the...

Government

Gov’t invests HUF 5.6 bln in venture capital fund targeting startups

The government is investing HUF 5.6 billion in a new fund of venture capital fund manager Euroventures through state-owned venture...

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...