Budapest Post

Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'

Hungarian club Paks trail Panathinaikos by one goal after losing the first leg of their European qualifying tie and must overturn the deficit in Athens to keep their campaign alive.

Hungary Opens Audit Into Last-Minute State Funding Approved by Former Government

The government has launched an investigation into more than 260 billion forints in grants approved during the final days of the previous administration, including funding for cultural institutions and research organizations.

BYD Delays Trial Production at Szeged Electric Vehicle Plant

Chinese automaker BYD has postponed trial production at its new electric vehicle factory in Szeged until early next year as environmental approvals and infrastructure work continue.

Suzuki Confirms 76 Billion Forint Investment in Esztergom Factory

Suzuki will invest 76 billion forints to expand its manufacturing plant in Esztergom, reinforcing Hungary's role in Central Europe's automotive supply chain and securing long-term industrial employment.

European Commission Approves €2 Billion Capital Injection for Hungarian Development Bank

The European Commission has authorized a €2 billion capital increase for the state-owned Hungarian Development Bank using Recovery and Resilience Facility funding to support small and medium-sized businesses pursuing green and digital in...

Parliament Classifies Inquiry Into Former Foreign Minister's BYD Role Until 2051

Hungary's National Security Committee has sealed for 25 years a closed-door hearing examining former Foreign Minister Péter Szijjártó's employment with Chinese automaker BYD and the potential national security implications.

Fidesz Challenges Legitimacy of Hungary's Upcoming Presidential Election

Fidesz representative Balázs Orbán argued that the forthcoming presidential election is constitutionally invalid and claimed any decisions by the new head of state would lack legal legitimacy, deepening political tensions after the party...

Prime Minister Péter Magyar Nominates Judit Polgár for Hungarian Presidency

Prime Minister Péter Magyar has nominated chess grandmaster Judit Polgár to become Hungary's next president following a constitutional change that ended Tamás Sulyok's mandate, with the candidacy receiving public backing from leading fig...

Hungary Reports Nine Percent Real Wage Growth as Inflation Eases

Official data showed average gross monthly pay for full-time employees rose to 772,000 forints, lifting real wages by 9% as lower inflation and expanded family tax benefits boosted household purchasing power.

Hungarian Central Bank Cuts Interest Rate as Inflation Slows to 1.8%

The Hungarian National Bank reduced its benchmark interest rate by 25 basis points to 5.75% after June inflation slowed to 1.8%, with the forint strengthening against the euro as investors welcomed the start of a monetary easing cycle.

Hungary Strengthens Road Safety Enforcement During Summer Travel Season

Police authorities deployed additional patrols and automated monitoring systems on major highways to enforce speed limits during the busy summer travel period.

Budapest Fintech Start-ups Attract Growing Investor Interest in Digital Finance Solutions

Technology incubators in the Hungarian capital reported rising venture investment interest in early-stage financial technology companies and software ventures.

Hungary’s Danube Ports Maintain Cargo and Passenger Operations Despite Seasonal Water Changes

Navigation authorities and shipping operators are coordinating to maintain safe freight and passenger traffic as summer water level fluctuations affect river conditions.

Hungary Issues Heatwave Warnings as High Temperatures Affect Agriculture and Cities

The Hungarian Meteorological Service extended temperature advisories across several counties as prolonged heat affected crop water needs and urban conditions.

Hungarian Universities in Szeged and Debrecen Expand International Biomedical Research Partnerships

Higher education institutions announced new collaborations with international research networks focused on biomedical innovation and clinical laboratory development.

Hungary Expands Renewable Energy Contribution to National Electricity Supply

Grid operators reported that newly installed solar and wind capacity is providing a growing share of domestic electricity generation as clean energy production increases.

Hungarian Development Bank Expands Financing Support for Small and Medium-Sized Businesses

Business groups welcomed expanded low-interest lending programs and guarantee schemes designed to support investment and growth among Hungarian enterprises.

Hungarian Households Remain Cautious Despite Falling Inflation and Stable Economic Conditions

Consumer research groups reported that households continue to prioritize savings and limit discretionary spending as confidence remains moderate.

Hungary Accelerates Fiber Broadband Expansion in Underserved Rural Areas

The National Media and Infocommunications Authority reported continued progress in connecting rural settlements with high-speed internet as telecommunications companies expand network coverage.

Hungarian Tourism Sector Reports Strong Summer Demand at Lake Balaton and Thermal Resorts

Tourism authorities recorded high visitor numbers and strong occupancy levels at Lake Balaton destinations and historic thermal spa locations during the peak holiday season.

Hungary Simplifies Digital Agricultural Subsidy Systems for Small Farms

The Ministry of Agriculture introduced updated online platforms designed to reduce administrative burdens and speed up European Union support payments for smaller agricultural businesses.

Hungarian Energy Authorities Monitor Oil Supplies Amid Middle East Market Volatility

Energy officials and refinery operators are tracking global crude oil markets and regional pipeline flows to protect domestic fuel supplies from potential external price shocks.

Hungary Expands Railway and Transport Planning Around Budapest Commuter Networks

The Budapest Transport Center and railway operators have begun engineering preparations for upgrades to suburban rail lines and major terminals as part of broader transport integration plans.

Hungarian Finance Ministry Prepares Revised 2026 Budget to Reduce Deficit and Debt Pressures

Finance Minister Andras Karman said the government is preparing a comprehensive budget revision for parliamentary submission in August, focusing on fiscal discipline and lower borrowing costs.

Hungary’s Automotive and Battery Manufacturing Centers Drive Industrial Recovery in Debrecen and Győr

Manufacturing activity is recovering as major foreign investments in automotive, electronics, and battery production expand export capacity in Hungary’s key industrial regions.

European Union Funds Help Improve Hungary’s Growth Outlook as Budget Pressures Ease

European and international economic assessments indicate Hungary’s growth could strengthen to between one point five and two percent as sixteen point four billion euros in unlocked cohesion funding reduces pressure on public finances.

Hungary’s Central Bank Continues Rate Cuts as Inflation Moves Near Two Percent

The National Bank of Hungary maintained its monetary easing path as consumer inflation slowed to around two point one percent, supported by a stable forint currency and steady economic indicators.

European Investment Bank Holds Budapest Talks on Energy Networks and SME Financing Support

European Investment Bank Vice-President Marko Primorac met Hungarian officials to discuss financing cooperation on energy infrastructure, electricity grid upgrades, small business development, and education-related reforms.

Hungary Launches Three Point Five Five Trillion Forint Railway Modernization Program With EU Support

The Hungarian government announced a ten-year transport investment plan using recovered European Union funds, European Investment Bank financing, and concession arrangements to upgrade railway rolling stock, suburban routes, and major st...

Hungary Approves Constitutional Change Ending President Tamás Sulyok’s Term Amid Political Reform Push

Hungarian President Tamás Sulyok signed an amendment shortening his presidency, avoiding a potential impeachment process and clearing the way for broader political and judicial reforms under Prime Minister Péter Magyar’s administration.

Viktor Orbán Accuses Prosecutors of Political Attack After Fidesz Servers Seized in Cultural Fund Investigation

Former Hungarian Prime Minister Viktor Orbán condemned a police raid on Fidesz party servers linked to a seventeen billion forint embezzlement investigation, calling the probe politically motivated and questioning the legitimacy of the c...

OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism

Former Florida pastor Scott Winters says the chatbot presented personalized medical guidance with unwarranted confidence, encouraged prolonged inactivity and failed to recognize symptoms preceding a life-threatening pulmonary embolism.

Hungarian Swimming Team Prepares for European Aquatic Championships

The Hungarian Swimming Federation has confirmed its national squad ahead of upcoming competitions, aiming to maintain the country’s strong international performance record.

Budapest Extends Night Transport Services During Summer Tourism Season

Public transport operators have increased late-night bus and tram services to support visitors and hospitality workers during major cultural events.

Hungary Upgrades Digital Tax Audits for E-Commerce Transactions

The National Tax and Customs Administration has introduced new automated systems to monitor online retail activity and improve value-added tax compliance.

Hungarian Film Institute Funds New Historical and Social Drama Productions

The National Film Institute has awarded production grants for independent films exploring Central European history and contemporary social themes.

Western Hungary Expands Cross-Border Economic Cooperation With Austria

Regional development agencies are creating new partnerships with Austrian municipalities to improve transport connections and support skilled labor mobility.

Hungary’s Construction Industry Reports Gradual Recovery in Residential Demand

Industry associations say housing activity is beginning to improve as mortgage rates stabilize and consumer confidence returns.

Hungarian Startup Sector Develops Artificial Intelligence and Logistics Solutions

Technology companies in Budapest are attracting investment for software products focused on automation, artificial intelligence, and digital supply chains.

Hungary Strengthens Agricultural Water Management Through Digital Controls

Authorities are introducing automated irrigation systems and monitoring tools to help farmers manage seasonal water shortages and protect crop yields.

Hungarian Cultural Festivals Draw Record Summer Audiences in Pécs and Debrecen

Regional festivals featuring classical music, theatre, and heritage exhibitions have recorded strong attendance, supporting tourism and cultural activity.