Budapest Post

Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election

Mykhailo Fedorov's appeal challenges President Volodymyr Zelenskyy as martial law continues to bar elections during Russia's full-scale war. "Democracy cannot be held hostage by Russia," he said.

Hungary to Set New 2027 Fiscal Target as Economic Growth Remains Weak

Hungary’s Finance Ministry plans to announce a revised budget target for 2027 by the end of October, while current-year economic growth is forecast at between one point six and two percent amid persistent macroeconomic pressures.

Hungary’s Parliament Confirms Former Supreme Court Chief András Baka as President

The National Assembly has overwhelmingly approved András Baka, a former Supreme Court chief and critic of former Prime Minister Viktor Orbán, as Hungary’s new president following a constitutional change that shortened the previous presid...

Record Low Danube Levels Force Hungary’s Paks Nuclear Plant to Cut Output Sharply

Severe drought and prolonged summer heat have pushed the Danube to exceptionally low levels, forcing Hungary’s Paks nuclear power plant to reduce generation to little more than ten percent of its total capacity because of constraints on ...

Hungary’s 2026 Budget Deficit Could Reach Seven Point Five Percent of GDP, Finance Minister Warns

Finance Minister András Kármán says Hungary’s deficit could reach seven point five percent of economic output this year under current trends, prompting the government to prepare a revised target and additional fiscal measures by the end ...

Hungary Reviews Twelve Point Five Billion Euro Paks II Nuclear Project Amid Concerns Over Financing and Transparency

Prime Minister Péter Magyar’s administration is conducting a comprehensive review of the Paks II expansion, examining its financing, transparency and cooling arrangements while Russian nuclear company Rosatom says construction remains on...

Hungary’s Central Bank Sees One Point Eight Percent Growth as Inflation Eases Through 2027

Updated economic projections point to one point eight percent gross domestic product growth this year and inflation easing toward three point two percent, although Hungary’s general government deficit is expected to remain elevated.

Hungarian Farmers Seek Emergency Drought Aid as Severe Summer Dryness Damages Crops

Agricultural cooperatives across Hungary’s Great Plain are seeking emergency financial support and irrigation exemptions after prolonged dry conditions caused substantial crop losses and increased feed costs.

BYD and BMW Accelerate Electric Vehicle Manufacturing Expansion in Hungary

BYD is advancing construction of its electric vehicle plant in Szeged while BMW prepares its Debrecen facility for serial production of next-generation electric platforms, reinforcing Hungary’s role in Europe’s automotive manufacturing n...

Hungary Advances Anti-Corruption and Judicial Reform Under Tisza Party Majority

Lawmakers aligned with Prime Minister Péter Magyar’s Tisza Party are fast-tracking measures to establish independent anti-corruption oversight, dismantle centralized public procurement arrangements and strengthen judicial independence ac...

Record-Low Danube Water Levels Force Hungary’s Paks Nuclear Plant to Cut Power Output

Severe summer heat and drought have pushed the Danube to historic lows, limiting cooling-water availability at Hungary’s only commercial nuclear power plant and forcing operators to reduce electricity generation to protect reactor operat...

Hungary Races to Unlock Ten Billion Euros in Frozen European Union Funds Before August Deadline

The Hungarian government is pushing through remaining legislative and administrative reforms needed to meet European Union recovery and resilience requirements and potentially release about ten billion euros in frozen cohesion and recove...

Péter Magyar Orders Full Review of Russia-Backed Paks Two Nuclear Expansion Contract

Hungarian Prime Minister Péter Magyar has ordered a comprehensive legal, financial and technical review of the Paks Two project, raising questions about the transparency and economic sustainability of the contract for two Russian-supplie...

Battery Industry Expansion Puts Pressure on Hungary’s Water and Energy Resources

Environmental scientists and hydrologists are warning that Hungary’s expanding electric vehicle battery industry requires much greater oversight because plants in Debrecen and Göd consume large amounts of water and energy, raising concer...

Hungary’s Current Account Expected to Return to Deficit as Energy Import Costs Rise

Hungary’s current account balance is projected to shift from a surplus to a deficit of 0.2 percent of GDP this year as higher oil and natural gas import costs weaken the country’s terms of trade despite currency appreciation.

Hungary Faces Fresh Inflation Pressure as Global Energy Costs Rise

Hungary’s annual inflation rate could accelerate toward 4.5 percent by the end of the year as higher global energy prices feed through to the domestic economy, limiting the Hungarian National Bank’s scope for further interest-rate cuts d...

Hungary Warns Fuel Prices Could Approach 1,000 Forints a Liter if Druzhba Pipeline Remains Shut

Hungarian officials have warned that petrol prices could surge toward 1,000 forints a liter if crude deliveries through the Druzhba pipeline are not restored quickly, prompting talks with Slovakia and pressure for repairs to the disrupte...

European Commission Forecasts Hungary’s Budget Deficit at 6.2 Percent of GDP

The European Commission expects Hungary’s economy to grow by 1.8 percent this year while the government deficit reaches 6.2 percent of GDP, highlighting mounting pressure on Budapest’s finances after aggressive fiscal expansion.

Hungary Drops Environmental Exemptions for Major Battery Plants

Transport and Investment Minister Dávid Vitézy has removed special exemptions that allowed major battery projects, including CATL in Debrecen, Samsung SDI in Göd and SK On in Iváncsa, to bypass some local environmental and planning rules...

Hungary Reviews BYD Investment After Disclosure of State Support for Szeged Plant

The Hungarian government has launched a review of the BYD electric vehicle plant in Szeged after disclosing more than seventy billion forints in state-funded infrastructure support alongside an undisclosed direct subsidy, intensifying po...

Thieves Steal Antonello da Messina Renaissance Masterpieces From Sicilian Museum

Three panels from the 1473 San Gregorio Polyptych and a double-sided devotional painting were taken in a Ferragosto heist in Messina, with experts estimating the stolen works could be worth €70 million to €80 million.

Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy

Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy

The new Pixel phones start at $899 alongside the Pixel Watch 5 and Google's first Pixel Tag tracker, as Google turns its devices into an increasingly integrated platform for Gemini.

Hungary’s National Film Fund Supports New Feature Films and Historical Documentaries

The Motion Picture Public Foundation of Hungary has approved production grants for new art-house films and historical documentaries planned for international festival distribution.

Hungarian Handball Clubs Prepare European Squads for Autumn Competitions

Leading men’s and women’s handball clubs in Veszprém, Szeged and Győr are completing preseason preparations for domestic competitions and European Champions League fixtures.

Hungary Steps Up Consumer Protection Inspections During Peak Summer Season

Consumer protection authorities are conducting unannounced inspections of retailers, hospitality businesses and online marketplaces to enforce pricing rules and product safety standards.

Hungarian Public Broadcasters Announce Autumn Schedule With Cultural Programming

National television and radio networks are preparing an autumn lineup featuring classical music, historical documentaries and programs focused on regional Hungarian heritage.

Hungary Prepares for UEFA Nations League Matches Against Ukraine, Northern Ireland and Georgia

The Hungarian national football team has finalized its training camp squad in Telki ahead of autumn UEFA Nations League fixtures against Ukraine, Northern Ireland and Georgia.

Szeged and Debrecen Expand Technology and Artificial Intelligence Research Hubs

University-linked technology parks in Szeged and Debrecen are attracting investment and engineering talent for software, automated manufacturing and data analytics projects.

Hungarian Property Market Shows Tentative Price Stabilization as Mortgage Costs Stay High

Residential property price growth in Budapest has moderated as high lending rates constrain borrowing and reduce speculative demand in the housing market.

Hungary Reports Strong Summer Tourism Demand in Budapest and Around Lake Balaton

Hotels and tourism operators in Budapest and at Lake Balaton are reporting strong peak-season occupancy, supported by domestic holidaymakers and visitors from neighboring countries.

Hungary’s Health Reform Plans Prompt Talks With Medical Unions

Hungarian health officials and medical associations are negotiating proposed changes to hospital administration, emergency care and the regional allocation of doctors.

Audi Completes Electric Powertrain Production Installations at Győr Plant

Audi has finished key technical installations for electric drive production at its large Győr manufacturing site, supporting high-value engineering jobs and Hungary’s export-oriented automotive industry.

Hungary’s Agriculture Sector Faces Uneven Harvests After Summer Heat and Drought

Farmers across the Great Plain are reporting varied yields after prolonged heat and localized water shortages, prompting greater investment in irrigation systems and drought-resistant crops.

Budapest Launches Major Public Transport Infrastructure Upgrades

Budapest’s municipal government has begun rehabilitating rail and tram lines, with part of the investment supported by newly accessible European Union urban development funding aimed at easing congestion and reducing emissions.

MOL Adjusts Oil Supply Routes as Druzhba Pipeline Disruptions Persist

Hungarian energy group MOL is optimizing alternative crude supply routes and refining operations at its Duna refinery to maintain fuel supplies amid continuing geopolitical pressures on cross-border shipments.

CATL and Samsung SDI Expand Battery Manufacturing Capacity in Hungary

Battery makers CATL and Samsung SDI are continuing to invest in advanced production facilities in northern and central Hungary, supporting industrial activity despite slower electric vehicle adoption elsewhere in Europe.