Latest news in Hungary - 11 Nov 2024

- Legal Action from MP Jámbor András: MP Jámbor András has initiated legal proceedings against the government-affiliated Origo newspaper for not publishing a court-ordered correction related to false claims about him and the Szikra Movement. This follows their defeat in several press lawsuits last year. Read more here

- New Worker Loan Program for Young People: Starting January 1, 2025, Hungary will launch a worker loan program for individuals aged 17-25, offering interest-free loans up to 4 million forints. Participants must commit to work in Hungary for five years, with concerns raised about job security and penalties for moving abroad during the loan period. Read more here

- Christmas Markets Opening Soon: Budapest's Christmas markets at the Basilica and Vörösmarty Square will commence on November 15, featuring a fixed price meal of 1600 forints at all food stalls. Last year, discussions about prices at the markets drew attention, making it essential for visitors to budget accordingly. Read more here

- Property Prices Soar in Hungary: Since 2015, property prices in Hungary have tripled, the highest increase in the EU. The latest data shows a price rise of nearly 200%, significantly impacting housing affordability, as almost half of Hungarian salaries are now spent on housing. Read more here

- Hungarian Female Director's Horror Film: The film Tomorrow I Die, directed by Cibulya Nikol, marks the first horror film by a Hungarian female director, exploring themes of grief and survival through a pregnant woman's ominous premonition. Read more here

- Upgrades in Education: Reformed University City: A new initiative in Budapest will see the construction of the Reformed University City with a budget of 62 billion forints, establishing a facility for 2,500 students. This project has gained priority status from the government. Read more here

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