Latest news in Hungary - 13 Dec 2024

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- Using Pension Savings for Housing in 2025: Starting in 2025, over one million voluntary pension fund members will be able to use their pension savings for housing-related expenses in Hungary, such as repaying loans, funding renovations, or purchasing properties. This initiative could mobilize 300 billion forints, facilitating approximately 30,000 housing transactions. Read more here

- New EU Commissioner Discusses Hungary's Rule of Law Challenges: Michael McGrath, the new EU Commissioner for Rule of Law, emphasizes the importance of Hungary implementing positive changes to avoid potential penalties, including losing over one billion euros in EU funding due to rule of law issues. Read more here

- Lázár on Housing and Political Challenges: Minister János Lázár discusses necessary reforms to ensure housing affordability in Hungary. He highlights ongoing concerns about the quality of housing on the market and mentions a positive train punctuality rate, while also addressing shifting political dynamics and recent polls indicating challenges for the ruling Fidesz party. Read more here

- Bill Viola Exhibition Opens in Budapest: The first-ever exhibition of renowned video artist Bill Viola is now open at the Neo Contemporary Art Space in Budapest. Featuring several video works that explore profound themes, the exhibition runs until March 30, 2025, offering visitors a unique, meditative experience. Read more here

- Pharmacies to Receive Long-Awaited Government Payments: Community pharmacies in Hungary will finally receive overdue payments owed for subsidized medications, which have been outstanding for two decades. This move aims to support smaller pharmacies and ensure continuity of medication supply. Read more here

- COVID-19 Genetic Material on the Rise in Hungary: The National Public Health and Medical Officer Service has reported an increase in coronavirus genetic material detected in wastewater across various regions, suggesting a rise in COVID-19 infections. Free vaccinations with a new Moderna vaccine are set to begin in early December. Read more here

- Orbán Advocates for Christmas Ceasefire: Prime Minister Viktor Orbán has called for a ceasefire in the Russian-Ukrainian conflict during the Christmas period, while indicating Hungary's ongoing efforts in European diplomacy. His meetings with other world leaders have been focused on enhancing diplomatic ties. Read more here

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