Latest news in Hungary

- Márton Nagy Seeks Lower Mortgage Rates: Hungary's Minister of National Economy, Márton Nagy, is pushing banks to lower mortgage loan APR to below 5% to tackle housing issues and promote home creation. He also proposed making loans more accessible for young workers and advancing digitalization for SZÉP cards. Hopes are high for results in just two months. Let's keep our fingers crossed! Read more here

- Flood Preparations Intensify in Budapest: The Danube is set to rise about 50 centimeters, leading to significant flood preparations in Budapest. Officials report that while current water levels are lower than the catastrophic flood of 2013, enhanced defenses are being put in place. They're not taking any chances, so stay dry and watch for updates on local conditions! Read more here

- Flood Restrictions Impact Budapest Transport: In light of rising water levels, the Batthyány Square metro station has closed, affecting public transport schedules. Commuters can expect more frequent bus services and tram route changes. Keep an eye on the BKK website for the latest transport updates! Read more here

- Cyclist-Friendly Weekend is Here!: Don’t miss out on the Cyclist-Friendly Weekend on September 21-22, coinciding with a car-free weekend! With discounts available from over 800 providers and a fun challenge to cycle the Earth's circumference, it’s a great time to hit the pedals. Let’s see those cycling shoes in action! Read more here

- Judit Polgar Crowned Most Influential Female Chess Player: Hungarian chess legend Judit Polgar has been named the most influential female chess player of the last century in a recent public vote. She achieved grandmaster status at just 15 years old and continues to inspire future generations. Congratulations, Judit! Read more here

- Lázár Advocates for Competitive European Transportation: At an EU transportation ministers meeting in Budapest, János Lázár stressed the need for Hungary to produce modern and affordable cars. He emphasized that Europe needs to be more competitive against the U.S. and China in this sector. Buckle up – it sounds like there are big plans ahead! Read more here