Budapest Post

Hungary’s women’s national football team recorded a 6-1 victory over Andorra as it continues its campaign in European qualifying for the 2027 FIFA Women’s World Cup.

New Hungarian Anti-Corruption Office Prepares Investigations Into Legacy Contracts

Anna Unger, head of Hungary’s new asset-recovery and anti-corruption authority, has warned that complex investigations into past government contracting could take years to reach final legal outcomes.

Hungary Begins Talks to Diversify Crude Oil Supplies Away From Russia

The government is negotiating with alternative suppliers as it seeks to reduce dependence on Russian crude alongside its planned shift away from Russian natural gas.

Hungary’s Inflation Continues to Ease

Consumer-price growth remained subdued in August, extending a sharp slowdown in inflation and giving the central bank greater room to adjust monetary policy if conditions allow.

Hungarian Fixed Investment Falls 6.3% in Second Quarter

Gross fixed capital formation contracted 6.3% from a year earlier as investment remained a weak point in Hungary’s otherwise expanding economy.

Hungarian Household Consumption Rises 4.5% as Domestic Demand Recovers

Household consumption expenditure increased 4.5% year on year in the second quarter, providing one of the strongest contributions to Hungary’s economic growth.

Hungarian Economy Grows 1.7% in Second Quarter

Hungary’s gross domestic product expanded 1.7% from a year earlier in the second quarter of 2026, supported by household consumption while weaker fixed investment continued to weigh on the economy.

BYD Pauses $1 Billion Turkey Factory as Hungary Becomes European Priority

BYD has put construction of its planned Turkish vehicle plant on hold while focusing resources on starting production at Szeged, which the company describes as its immediate European manufacturing priority.

BYD Delays Szeged Vehicle Production Until Fourth Quarter of 2026

BYD now plans to begin assembling vehicles at its new Hungarian factory late in 2026, about a year later than originally expected, while equipment installation continues at the Szeged site.

BMW Moves Debrecen Plant to 24-Hour Production

BMW has introduced a third shift at its Debrecen factory after producing more than 50,000 electric iX3 vehicles, expanding output as demand for the model grows.

European Council President António Costa Holds Talks With Péter Magyar in Budapest

António Costa met Hungarian Prime Minister Péter Magyar during his tour of EU capitals, with discussions covering the bloc’s next long-term budget and broader European policy issues.

Hungary Reviews Russian-Led Paks II Nuclear Expansion

The Hungarian government is conducting a full review of the delayed Paks II project with Russia’s Rosatom, including its financing and cooling arrangements, before deciding how to proceed.

Hungary Says It Can End Russian Gas Imports by October 2027

Economy and Energy Minister István Kapitány says Hungary has sufficient alternative supply options to stop relying on Russian natural gas by the European Union’s October 2027 deadline.

Hungary Moves to Terminate 35-Year Motorway Concession

Prime Minister Péter Magyar’s government says it will terminate the motorway concession awarded to MKIF by the previous administration and pursue legal action over an agreement it considers financially unsustainable.

Budapest Property Investment Shows Resilience Despite Broader Economic Weakness

Real-estate investment has held up better than several other parts of the Hungarian economy as developers and buyers position for planned infrastructure projects and changes in municipal policy.

Hungary Sets 2026-27 School Calendar With 180 Teaching Days

New regulations establish a September 1 start and June 18 finish for Hungary’s general school year, alongside scheduled autumn, winter and spring breaks and separate arrangements for vocational education.

NATO Welcomes Hungary’s Renewed Engagement With Alliance Security

NATO Secretary-General Mark Rutte has praised Hungary’s contributions to alliance deterrence and regional security as the Magyar government seeks closer coordination with European and transatlantic partners.

Mészáros-Linked Company’s EU Grant Draws Fresh Scrutiny

A company linked to billionaire Lőrinc Mészáros received about 2.8 billion forints in European Union funding for a mineral-water plant after repeated requests to correct deficiencies in its application, renewing scrutiny of earlier subsi...

Hungarian Agriculture Contracts 12.4% as Severe Drought Hits Output

Agricultural value added fell 12.4% year on year in the second quarter as severe drought damaged production, increasing pressure on farmers seeking financial assistance from the government.

Hungarian Central Bank Signals Caution After Cutting Base Rate to 5.5%

The Magyar Nemzeti Bank lowered its policy rate by 25 basis points in August but said future decisions would continue to prioritise inflation, financial-market stability and the forint exchange rate.

BYD Pushes Ahead With Szeged Electric-Vehicle Manufacturing Base

Chinese automaker BYD continues developing its passenger-vehicle plant in Szeged, giving the company a European production base as tariffs increase the cost of importing Chinese-made electric vehicles into the European Union.

Hungary Plans Tougher Pollution Watchdog for Battery Industry

The government is preparing a new authority with powers to inspect battery plants and other major industrial sites, impose heavy fines and potentially revoke operating permits for serious environmental violations.

Hungary and Ukraine Continue Talks on Remaining EU Accession Obstacles

Kyiv says it is discussing outstanding Hungarian concerns as Ukraine seeks to open additional European Union accession negotiating clusters before the end of 2026.

Hungary Expands Asset-Recovery Drive Against Suspected Illicit Political Wealth

The Magyar government is strengthening investigations into unexplained political wealth as the newly established National Asset Recovery and Asset Protection Office prepares to identify and recover unlawfully managed public assets.

German Foreign Minister Visits Budapest as Berlin and Hungary Seek Reset

Johann Wadephul became the first German foreign minister to visit Hungary since 2019, with Berlin describing the change of government in Budapest as an opportunity to rebuild bilateral relations after years of strain.

Hungary Hardens Stance on Russia and Reaffirms EU-NATO Alignment

Hungarian officials are taking a more critical position toward Russian military and hybrid activity while emphasising support for European security, Ukrainian territorial integrity and stronger cooperation with NATO partners.

Hungarian Investment Falls 9.1% as Manufacturing and Transport Spending Weaken

Investment volume dropped 9.1% from a year earlier in the second quarter of 2026, with manufacturing and transportation among the largest contributors to the decline while real-estate investment provided some support.

Hungary Moves Closer to Unlocking Billions in Frozen EU Funds

Budapest has formally notified the European Commission of reforms addressing rule-of-law concerns, potentially clearing the way for additional cohesion and recovery funding that had been suspended.

Hungary Moves to Terminate Orbán-Era Motorway Concession

Prime Minister Péter Magyar says the government will end a 35-year motorway concession linked to Lőrinc Mészáros and László Szíjj and refer the agreement to law enforcement after concluding that the contract is unlawful and financially u...

Hungary Says It Can End Russian Gas Imports by October 2027

Economy and Energy Minister István Kapitány says Hungary expects to secure enough alternative supplies to meet the European Union deadline for ending Russian gas imports, while the government also reviews the Rosatom-led Paks nuclear exp...

Bank of Japan Raises Interest Rate to 31-Year High, Adding Pressure to Global Markets

The Bank of Japan raised its benchmark rate to 1.25%, the highest level since 1995, adding another source of monetary-policy uncertainty for European and emerging markets including Hungary.

JYSK Hungary Revenue Exceeds 100 Billion Forints for First Time

The Danish furniture retailer’s Hungarian business generated 100.3 billion forints in revenue in the 2025-26 financial year, up 12.7%, as store and online sales continued to grow.