Hungary's governing Fidesz party and its main opposition challenger, Tisza, have launched nationwide mobilisation campaigns ahead of the 2026 parliamentary elections, focusing on economic stability and the country's future relationship with the European Union.
EU and Hungary Resume Closed-Door Talks Over Billions in Frozen Funding
The European Commission and Hungarian government are holding fresh discussions on suspended EU cohesion funds, with a new assessment of Hungary's judicial reforms set to influence whether billions of euros in financial support can be released.
Hungary Submits 2027 Budget With Higher Defence and Family Support Spending
Hungary's Finance Ministry has submitted its 2027 budget proposal to parliament, prioritising increased family benefits, higher defence spending in line with NATO commitments and strict deficit targets while seeking to revive economic growth.
Hungary Sets New Conditions for Approving Long-Term EU Financial Assistance to Ukraine
Hungary's Foreign Ministry says Budapest will support further European Union lending to Ukraine only if it receives guarantees on restoring the rights of ethnic Hungarians in Transcarpathia and protecting European agricultural markets.
Hungarian Central Bank Holds Interest Rate Steady as Forint Weakens and Inflation Risks Rise
The National Bank of Hungary has left its benchmark interest rate unchanged, citing renewed pressure on the forint against the euro and rising energy costs as reasons for caution over further monetary easing.
Hungarian Inflation Edges Higher as Fuel Costs Reverse Earlier Decline
Hungary's Central Statistical Office reports that annual consumer price inflation has increased slightly during the autumn, ending a period of moderation as higher fuel costs and persistent service-sector price pressures weigh on households.
Hungary Deploys Leopard Tanks and Air Defence Systems to Strengthen Eastern Security
Hungary's Defence Ministry has announced the deployment of German-made Leopard tanks and advanced radar systems to the country's eastern regions, forming part of its military modernisation programme and NATO's broader eastern defence strategy.
US Ambassador Criticises Hungary's Sovereignty Protection Law, Prompting Diplomatic Dispute
The US ambassador in Budapest has criticised Hungary's sovereignty protection legislation for restricting independent institutions and media organisations, drawing a response from the Hungarian Foreign Ministry accusing Washington of unacceptable interference in domestic affairs.
Hungary's Paks II Nuclear Expansion Moves Forward With Revised Construction Schedule
Hungarian officials and Russia's Rosatom have presented an updated timetable for the Paks II nuclear power project as manufacturing begins on reactor vessels in Russia, with construction continuing under European safety requirements.
BMW Begins Trial Production of Electric Vehicles at €2 Billion Debrecen Factory
German automaker BMW has started trial manufacturing at its new electric vehicle plant in eastern Hungary, a facility built with more than €2 billion in investment that is expected to begin series production of next-generation models for the European market.
BYD's Hungarian Electric Vehicle Plant Reaches Major Construction Milestone in Szeged
Chinese automaker BYD has completed the main structural phase of its new manufacturing facility in Szeged and begun finalising contracts with local suppliers, advancing a project expected to create thousands of jobs and expand Hungary's automotive exports.
Hungary's MOL Reports Record Quarterly Earnings as Refineries Reduce Reliance on Russian Oil
Hungarian energy group MOL has reported record third-quarter results and accelerated upgrades at its Százhalombatta and Bratislava refineries, bringing forward plans to diversify crude oil supplies away from Russian sources.
Hungary Launches Major Railway Modernisation Plan Backed by Chinese Financing
Hungary's government has announced plans to acquire several hundred new intercity trains and modernise ageing railway infrastructure with Chinese financing, alongside faster planning for a freight railway bypass around Budapest.
Budapest Airport Unveils Major Terminal Expansion and Direct Rail Link Plans
The operator of Budapest's state-owned Liszt Ferenc International Airport has outlined a development programme worth hundreds of billions of forints, including expanded passenger terminals and a direct railway connection to the city centre.
Hungary Proposes Stricter Rules on Asian Guest Workers at Major Industrial Facilities
Hungary's government has proposed tighter quotas and monitoring requirements for workers recruited from outside the European Union, requiring multinational manufacturers to prioritise Hungarian employees amid rising tensions in industrial communities.
Hungary Announces Emergency Hospital Funding and Centralised Procurement Reforms
Hungary's health authorities have unveiled a programme providing tens of billions of forints in immediate support to settle overdue hospital supplier payments, alongside stricter financial controls and centralised purchasing measures.
Hungarian Birth Rate Falls Further Despite Expanded Family Support Programmes
New figures from Hungary's Central Statistical Office show a continued decline in births despite increased government family benefits, raising concerns about population ageing and its longer-term effects on pensions, healthcare and labour supply.
Budapest Rental Prices Reach Record Highs as Housing Affordability Worsens
Rents in Budapest have climbed to record levels, prompting local authorities and housing organisations to establish a joint working group as limited affordable housing and investment-driven property purchases make independent living increasingly difficult for younger residents.
Hungarian Farmers Receive Emergency Assistance After Drought and Extreme Autumn Weather
Hungary's Agriculture Ministry has established an emergency relief programme offering several billion forints in grants and preferential loans to farmers affected by summer drought and severe autumn weather, aiming to protect domestic food supplies and limit further price increases.
Hungarian Retail Sales Stagnate as Households Continue Saving Despite Higher Real Wages
Recent Hungarian economic data show that consumer spending remains subdued even as inflation-adjusted wages rise, suggesting households are still prioritising savings after the financial pressures caused by earlier price increases.
Hungarian Teachers Seek Inflation-Linked Pay Increases to Address Staff Shortages
Teachers' unions in Hungary have requested fresh negotiations with the government over automatic salary adjustments tied to inflation, arguing that earlier pay increases have lost purchasing power and that better funding is needed to tackle persistent teacher shortages.
Audi Hungaria Expands Electric Motor Production Capacity at Győr Factory
Audi Hungaria has announced new production lines at its Győr manufacturing complex to build advanced electric powertrains for premium vehicles sold in Europe and the United States, supporting the Volkswagen Group's wider electrification plans.
OTP Bank Expands Into Central Asia With Acquisition in Uzbekistan
Hungary's largest commercial lender, OTP Bank, has completed the acquisition of a financial institution in Uzbekistan, strengthening its presence in Central Asia and reducing its dependence on economic conditions in Central and Eastern Europe.
Budapest Chosen as Regional Headquarters for Central European AI Research Consortium
Leading technology companies and European universities have agreed to establish an artificial intelligence research centre in Budapest, focusing on industrial machine learning applications and autonomous vehicle software for international markets.
Hungarian Cybersecurity Startup Raises €50 Million for European Expansion
A Budapest-based cybersecurity company specialising in AI-powered network protection has secured €50 million from international venture capital investors, marking one of Hungary's largest domestic startup funding rounds.
Environmental Review Finds Debrecen Battery Plants Operating Within