Domestic

Government

Fiscal Council says 2022 deficit reduction ‘insufficient’

The Fiscal Council, a body established to issue opinions on the government's budget drafts, has said a targeted reduction in...

Government

Gov’t to enforce reopening rules compliance with sanctions

Hungary's government will enforce compliance with rules allowing access to some services for holders of certificates showing COVID immunity with...

Government

Healthcare: A Strategic Sector With a Long History

The Hungarian Investment Promotion Agency (HIPA) talks to the Budapest Business Journal about how important the healthcare sector is to...

Government

Orbán outlines next step of reopening plan, terraces to reopen tomorrow

Outdoor dining will be allowed again from Saturday, as the number of people inoculated against the coronavirus in Hungary has...

Government

Gov’t mandates strategic coop agreement with Fudan Uni

Hungary's government has mandated the signing of a strategic cooperation agreement with China's Fudan University, a resolution published in the...

Government

Gov’t submits 2021 budget amendments

Hungary's government on Tuesday submitted amendments to the 2021 budget act that would raise the accrual-based deficit target, calculated according...

Government

Competitiveness Council makes proposals to support recovery

Hungary's National Competitiveness Council, a body of business leaders and experts established to make recommendations to the government, presented a...

Government

Summer Dreams and Vaccination Take-up

The number of people vaccinated in Hungary at least once has passed the 2.5 million threshold, Prime Minister Viktor Orbán...

Government

HUF 5 tln earmarked for economic recovery in 2021-22

Hungary's government is allocating HUF 5 trillion for the economic recovery this year and next, Prime Minister Viktor Orbán said...

Government

Hungary to allow outdoor dining after 3.5 mln are inoculated

Outdoor dining will be allowed again after 3.5 million Hungarians are inoculated against the coronavirus, Prime Minister Viktor Orbán said...

Government

Gov’t expands investment support program by HUF 30 bln

The government is adding HUF 30 billion to its program supporting investments expanding capacity, boosting efficiency and productivity, Minister of...

Government

Gen gov’t deficit over HUF 1.144 tln at end-March

Hungary's cash flow-based general government, excluding local councils, reached HUF 1.144 trillion at the end of March, the Finance Ministry...

Government

Hungary could vaccinate 7 mln by start of June

Hungary will be able to inoculate 7 million of its citizens against the coronavirus by early June, Prime Minister Viktor...

Government

Varga augurs investments of over HUF 14 tln in 2021

Finance Minister Mihály Varga said investments, at current prices, could rise to more than HUF 14 trillion this year from...

Government

Hungary vaccinates 2.5 mln, triggering easing of restrictions

The number of people vaccinated in Hungary has reached 2.5 million, Prime Minister Viktor Orbán said in a video message...

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...