Budapest Post

Hungary’s Construction Sector Shows Early Signs of Recovery After Nine-Year Housing Slump

Hungarian residential construction has fallen to a nine-year low, but government home-start subsidies and newly prioritized projects are beginning to support a modest recovery in building permits and contractor backlogs.

Richter Gedeon Restores Normal Production After National Power Emergency

Hungarian pharmaceutical company Richter Gedeon has resumed normal manufacturing shifts after cutting electricity consumption by more than half during the recent grid emergency, helping preserve supplies for households while power availa...

4iG Completes Major Telecommunications Acquisition to Expand Central European Network

Hungarian technology group 4iG has completed a multibillion-forint acquisition of a controlling stake in a regional telecommunications provider, expanding its enterprise cloud and mobile data operations across Central Europe and the West...

Hungary and Slovakia Seek Joint Action on Danube and Tisza Water Resources

Hungarian and Slovak officials are coordinating water-management measures in response to severe river-level declines, with the talks focused on protecting shared freshwater reserves and agricultural irrigation systems as extreme weather ...

Budapest Airport Rail Tender Deadline Extended Amid Strong International Interest

Hungary has extended the bidding deadline for a high-speed railway linking Budapest Ferenc Liszt International Airport with the city center, with European and Asian infrastructure groups showing strong interest in the multibillion-forint...

Hungary Launches Nationwide Environmental Inspections at Battery Plants

Hungary’s Ministry of Environment and Agriculture has ordered comprehensive safety and environmental inspections at major battery factories and gigafactories in Debrecen, Göd and other industrial centers amid growing local concerns over ...

Hungary’s Central Bank Begins Monetary Easing as Inflation Falls to Decade Low

Hungarian inflation has fallen to its lowest level in ten years, strengthening expectations of further interest-rate cuts as the National Bank of Hungary seeks to support consumption and credit growth after a prolonged period of economic...

Hungarian State Broadcaster Faces Inquiry Over Decade of Alleged Political Interference

An investigation based on leaked internal documents has detailed years of alleged story suppression and political direction at Hungary’s state broadcaster MTVA, prompting its newly appointed leadership to launch a formal internal review ...

Paks Nuclear Plant Restores Stability as Danube Water Levels Begin to Recover

Hungary has lifted emergency energy restrictions and voluntary industrial power cuts after the Danube began recovering from record-low water levels, easing immediate concerns over electricity supplies after extreme heat and cooling-water...

Tisza Party Nominates Former European Human Rights Judge András Baka for Hungary’s Presidency

Hungary’s opposition Tisza Party has nominated former European Court of Human Rights judge and former Supreme Court president András Baka to become the country’s next head of state, with parliament expected to vote on the nomination foll...

FIFA President Gianni Infantino Denies Affair Allegation as UEFA Confirms Payment to Former Employee

UEFA says a departure payment and MBA fees complied with staff rules then in force, while Infantino faces a separate governance revolt over his abandoned plan to bring private investors into FIFA’s World Cup business.

Hungary Reaffirms Support for Paks Two Nuclear Project Despite Regional Pressure

Foreign Minister Peter Szijjarto met executives from Russia's Rosatom to review progress on the Paks Two reactor project, saying continued nuclear cooperation is essential to Hungary's long-term energy security despite regional sanctions...

BMW Prepares Debrecen Plant for Production of Next-Generation Electric Vehicles

BMW Group is completing final preparations for serial production at its new Debrecen factory, which will manufacture the company's Neue Klasse electric vehicle architecture for export markets and deepen Hungary's role in European automot...

BYD Accelerates Construction of Major Electric Vehicle Plant in Szeged

Chinese automaker BYD says construction of its large passenger-car factory in Szeged is running ahead of schedule, with pilot production expected by late autumn as infrastructure and local supplier networks expand around the site.

Hungary Holds Interest Rate at 6.5% as Forint Faces Global Currency Volatility

The National Bank of Hungary kept its benchmark interest rate unchanged at 6.5%, citing domestic wage pressures and geopolitical risks as the forint remains sensitive to movements in global currency markets and the euro exchange rate.

Hungary and EU Resume Talks on Billions of Euros in Frozen Cohesion Funds

Hungarian and European Commission officials have resumed technical negotiations in Brussels over billions of euros in frozen cohesion funding, with Budapest seeking to meet outstanding rule-of-law and judicial independence requirements a...

AI’s Next Bottleneck Is Power, Not Just Nvidia Chips

As data centres multiply, technology companies are competing for electricity, grid connections and round-the-clock generation.

Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns

The company’s capital spending is consuming most of its free cash flow as it races to turn new AI models and products into a commercially durable business.

Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink

Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink

Record-low river levels have revealed armed Second World War vessels, disrupted navigation and forced emergency action to keep nuclear plants operating in Hungary and Romania.

Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says

Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says

The former president’s son described the advanced prostate cancer as painful and debilitating, while public details of his current condition remain limited.

Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile

A bullish case rests on continued profit growth, easing policy uncertainty and a broader payoff from AI investment; high valuations leave little room for disappointment.

Why Markets May Look Quiet in August After Big Tech Earnings

A lighter calendar can suppress expected stock swings temporarily, while AI spending remains the deeper question for investors.

Hungarian Swimming Federation Steps Up Preparation for European Championships

The Hungarian Swimming Federation has finalized training schedules and national team selections as elite athletes prepare for upcoming international competitions at Budapest’s Danube Arena.

Hungarian Stock Market Gains as Institutional Demand Supports Banks and Pharmaceutical Shares

The Budapest Stock Exchange has recorded moderate gains, with institutional investors supporting major banking and pharmaceutical stocks despite broader economic uncertainty.

Hungarian Academy of Sciences Warns of Long-Term Water Risks From Climate Change

Researchers at the Hungarian Academy of Sciences have warned that accelerating climate change could place severe long-term pressure on Central European river basins and agricultural productivity.

Hungary Funds Regional Archives and Digital Heritage Preservation

The Ministry of Culture and Innovation has allocated grants to county archives and municipal museums to accelerate the digitization of fragile manuscripts and rare cultural artifacts across provincial Hungary.

Lake Balaton Resorts Report Strong Summer Tourism Demand

The Hungarian Tourism Agency says accommodation bookings around Lake Balaton and major thermal spa destinations are approaching capacity during the peak August season, driven mainly by domestic and Central European visitors.

Hungary Steps Up Highway Patrols During Peak Summer Travel Period

The National Police Headquarters has increased patrols and automated speed enforcement along major routes including the M seven motorway as holiday traffic intensifies toward Lake Balaton.

Hungary’s Budapest Transport Operators Add Climate-Controlled Vehicles During Heatwave

Public transport operators in Budapest have introduced new low-floor trams and articulated buses with upgraded climate-control systems to maintain passenger comfort and service reliability during extreme temperatures.

Budapest Housing Market Stabilizes as Mortgage Conditions Improve

Property analysts report that residential transaction prices have stabilized in Budapest and university cities including Szeged and Debrecen, while more moderate mortgage rates are supporting renewed buyer activity.

Debrecen Court Rejects Challenges to Permits for Major Battery Investments

The regional administrative court in Debrecen has dismissed legal challenges by environmental groups seeking to overturn permits for large battery manufacturing projects in eastern Hungary.

Hungarian Parliament Prepares Judicial System for Reforms Under New Legislation

The Supreme Court in Budapest has begun administrative preparations for structural judicial reforms approved by parliament, with the changes intended to strengthen judicial independence and streamline case management.

Hungarian Chamber Calls for Faster Digital Grant Processing for Small Businesses

The Hungarian Chamber of Commerce and Industry is urging government agencies to simplify applications for state-backed digital modernization and energy-efficiency grants aimed at small and medium-sized enterprises.

Hungary’s Tax Authority Expands Digital Auditing to Improve Corporate Compliance

The National Tax and Customs Administration has introduced automated auditing tools linked to electronic invoicing systems to streamline corporate tax checks and reduce administrative work for compliant businesses.

Hungarian Universities Expand Artificial Intelligence and Quantum Computing Programs

Universities in Budapest and Debrecen have finalized admissions for new artificial intelligence and quantum computing programs supported by national technology modernization initiatives.

Hungary Raises Fire Alerts as Drought Creates Extreme Wildfire Risk

National disaster authorities have placed fire-prevention units on heightened alert and imposed nationwide bans on open campfires as severely dry forests and agricultural land increase the risk of wildfires.

Hungary Restricts Danube and Tisza Water Withdrawals to Protect Ecosystems During Drought

Regional water authorities have imposed strict limits on agricultural and industrial withdrawals from the Danube and Tisza rivers as exceptionally low flows threaten dwindling water reserves and aquatic ecosystems.

Hungarian Emergency Services Report Surge in Heat-Related Calls

The National Ambulance Service has recorded a sharp increase in emergency dispatches in Budapest and the southern Great Plain, deploying additional medical units as extreme temperatures put vulnerable residents at greater risk.