Latest news in Hungary - 10 Oct 2024

- Oszkár Világi Acquires Csíki Beer Companies: Businessman Oszkár Világi steps in to save the iconic Csíki Beer brands from insolvency after acquiring them from the previous owner. Cheers to new beginnings for this beloved beer! Read more here

- Budapest-Belgrade Railway Milestone: Construction of the Budapest-Belgrade railway has reached a significant milestone with the final rail laid. The project, costing 750 billion forints, promises to enhance connectivity, although some controversy surrounds the origins of construction materials. At least transport will soon be faster than your average Hungarian bureaucracy! Read more here

- Inflation Steady at 3% in September: Hungary’s inflation rate held steady at 3% in September. While energy costs dipped, food prices soared by 3.7%, particularly flour, which spiked 32.9%. A mixed bag for your shopping cart—better stock up while prices are still modest! Read more here

- Budapest Apartment Prices Set for Surge: Prepare your wallets, house-hunters! Property prices in Budapest are expected to jump by 10-15% next year. The average price per square meter recently edged up to 1.07 million forints (about €2,900). If you've been waiting to invest, you might want to hurry—so it’s either now or never! Read more here

- Youth Engagement in Politics: Minister Péter Szijjártó emphasizes the need to engage young voters for the upcoming elections, lamenting how social media has made it harder to connect. Will this lead to a rise in youth turnout or just more TikTok campaigns? Only time will tell! Read more here

- New Trade Authority Coming in 2025: Hungary plans to launch a National Trade and Consumer Protection Authority to better support local businesses and enhance consumer protection beginning January 2025. With online retail booming, this could be a necessary step for domestic competition! Read more here