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Hungarian Government Raises Annual Deficit Target to 7.5%
Politicshvg2d ago

Hungarian Government Raises Annual Deficit Target to 7.5%

The Hungarian Ministry of Finance has raised the annual deficit target from 3.7% to 7.5%, calling it a 'budget of reality' after it was previously revealed that the Orbán government had concealed expenses, pushing the actual deficit trajectory towards 8.3%.

Hungary Elects New President Amidst Legal Challenges to Orbán Government
Politicsbloombergle-mondewapo+57Al Jazeeradr-dknzzyle-uutisethelsingin-sanomatnosruvtagesschau+49 more15d ago60 sources

Hungary Elects New President Amidst Legal Challenges to Orbán Government

Hungary's parliament has elected András Baka, a former Supreme Court judge and critic of Viktor Orbán, as the country's new president. This election comes as the Hungarian government faces a lawsuit over alleged misuse of funds for social media campaigns.

Hungary to Establish National Animal Protection Authority
Politicstelexhvg5h ago2 sources

Hungary to Establish National Animal Protection Authority

The Hungarian government announced plans to create a new national animal protection authority and a dedicated deputy state secretariat for animal welfare within the relevant ministry. This structural reform aims to centralize oversight and strengthen enforcement of animal welfare standards across the country.

Hungary Cancels M6 Motorway Concession, Saving Billions
Politicstelex5d ago

Hungary Cancels M6 Motorway Concession, Saving Billions

The new Hungarian government is withdrawing from a concession agreement with a company linked to Lőrinc Mészáros for the northern section of the M6 motorway, a decision expected to save 100 billion forints over ten years. Minister János Lázár had previously made a personal decision regarding the concession.

Hungarian Government Maps Civil Organization Funding
Politicstelexhvg8d ago2 sources

Hungarian Government Maps Civil Organization Funding

The Hungarian government has published a map detailing state support received by civil organizations over the past four to five years. This initiative provides a visual representation of the distribution of public funds to non-governmental groups.

Hungarian Government's Foundation Acquires Dilapidated Monuments Abroad
Politicshvg13d ago

Hungarian Government's Foundation Acquires Dilapidated Monuments Abroad

A Hungarian government-affiliated foundation has acquired 41 mostly dilapidated monuments abroad, with only one successfully renovated. Ministries are reportedly shifting the portfolio of the Central European Built Heritage Preservation Foundation, which includes hotels, ruins, and former bank buildings.

Hungarian Government Officials Dismissed
Politicstelex18d ago

Hungarian Government Officials Dismissed

The Hungarian Interior Minister has dismissed the president of the National Cultural Heritage Office (NKOH), and the new interim president subsequently dismissed the CEO of the National Event Organizing Agency.

Hungarian Government's Failed Brussels Real Estate Deal Revealed
Politicstelexhvgdanas+1klix-ba19d ago4 sources

Hungarian Government's Failed Brussels Real Estate Deal Revealed

Reports have revealed that the Orbán government in Hungary attempted to purchase a multi-million euro property in central Brussels, intended for a luxury restaurant. The deal, which ultimately failed, has raised questions about the government's financial dealings.

Hungarian Government Adopts New Tax Package
Politicshvg28d ago

Hungarian Government Adopts New Tax Package

The Hungarian government has adopted a new tax package, affecting personal income tax on trust asset management, corporate tax incentives, retail tax, and certain environmental and sectoral taxes, while also eliminating several smaller tax categories.

Hungarian Government Inherits Massive Hospital Debt
Businesstelex29d ago

Hungarian Government Inherits Massive Hospital Debt

The Hungarian government has inherited a system where hospitals operate with a 100 billion forint 'credit card' from suppliers, which is now reportedly half empty, highlighting significant financial challenges in the healthcare sector.

Hungarian Government Plans August 20th Celebrations
Culturetelex1mo ago

Hungarian Government Plans August 20th Celebrations

The Hungarian government is planning extensive celebrations for August 20th, including a ten-minute fireworks display, a DJ at Kossuth Square, and family experience zones. A tender for an event organizer to manage the program series must be found within a week.

Hungary Declares Russia a Threat, Pivots From Orbán Policy
Worldtagesschauder-spiegellsm-lv+14orftelexdelfi-ltdigi24index-hrn1-serbiaobservadordnevnik-bg+6 more6h ago17 sources

Hungary Declares Russia a Threat, Pivots From Orbán Policy

Hungary’s new government has officially classified Russia as a threat to European security and global order, marking a decisive break from former Prime Minister Viktor Orbán’s long-standing diplomatic approach. The shift signals Budapest’s alignment with broader Western security frameworks.

Hungary Plans to Adopt Euro by 2030
Worldazernews6d ago

Hungary Plans to Adopt Euro by 2030

The Hungarian government aims to introduce the euro by 2030, emphasizing that a sustainable reduction in the budget deficit and public debt is crucial before joining the eurozone.

Hungary's New Government Intensifies 'De-NER-ization' of Economy
Politicstelex14d ago

Hungary's New Government Intensifies 'De-NER-ization' of Economy

The new Hungarian government has escalated its efforts to dismantle the 'National Cooperation System' (NER) in the economy, impacting prominent businessmen like Lőrinc Mészáros, Gyula Balásy, and Attila Balázs, though some NER-affiliated companies still win state tenders.

Hungary Announces Major Railway Development Package
Businesstelexhvg1mo ago2 sources

Hungary Announces Major Railway Development Package

The Hungarian government has unveiled a significant railway development package, which includes two new tram-trains, a new HÉV fleet, and line accelerations. This initiative aims to modernize and expand the country's rail infrastructure.

Hungary Invests Billions in German Tank Development
Politicstelexhvg1mo ago2 sources

Hungary Invests Billions in German Tank Development

The Hungarian government has provided approximately 100-110 billion forints in research and development support to the German company Rheinmetall for tank development. Questions have been raised regarding the potential return on this significant investment.

Hungarian Government Praises Civil Climate Law Draft
Politicshvg1mo ago

Hungarian Government Praises Civil Climate Law Draft

Hungary's government considers the climate law draft proposed by civil organizations to be a significant help, with the deputy state secretary for climate policy stating that incorporating more of its parts will improve the ministry's text.

Hungary Debates Expanded Role for Deputy Ombudsmen
Politicshvg1mo ago

Hungary Debates Expanded Role for Deputy Ombudsmen

While the Hungarian government and the Legislative Committee did not support explicitly including the deputy ombudsmen for national minorities and future generations in the Fundamental Law, discussions suggest their role may increase later.