Latest news in Hungary - 22 Oct 2024

- Increased Public Media Budget for 2025: Hungary's parliamentary budget committee has proposed an increase in funding for public media to over 165 billion HUF for 2025, a 20 billion HUF boost from this year. The decision is part of ongoing efforts to enhance media operations ahead of the upcoming electoral year and requires approval from the National Assembly. Read more here

- Upcoming Traffic Changes for October 23 National Holiday: With the national holiday approaching on October 23, expect significant traffic disruptions in Budapest starting October 22. Key tram lines will have limited services, and various bus routes will be altered. Authorities advise keeping an eye on updates to navigate the changes smoothly. Read more here

- Eager Anticipation for the World Sudoku Championship in Eger: Eger will host the World Sudoku and Logic Puzzle Championship in 2025. This marks a return to Hungary's illustrious history in the sport, following the national team's recent success in Beijing. Participants from around 30 countries will compete, promising an exciting event for puzzle enthusiasts. Read more here

- Major Parking Fee Increases Coming to - Foxpost's Rebranding Initiative in Hungary: The logistics company Foxpost has announced it will phase out the Packeta brand in Hungary to improve service visibility following delivery delays. The CEO confirmed no major operational changes are expected this year as the rebranding effort unfolds. Read more here

- New Regulations for Airbnb Rentals in Budapest: Starting in 2025, Budapest is set to quadruple the flat-rate tax for Airbnb rentals and halt new licenses for private accommodations until the end of 2026. This regulation aims to tackle the city’s housing crisis, reflecting a growing concern over short-term rental impacts on local housing availability. Read more here

- Noticeable Rise of German Retirees in Hungary: Recent studies show an increase of over 11,000 German retirees now residing in Hungary, primarily near Lake Balaton. This demographic shift reflects the country’s growing appeal as an affordable and peaceful living destination for Western Europeans. Read more here

- Celebration of Songwriters' Day: Hungary observed Songwriters’ Day on October 8, promoting the vital role of songwriters. Notable composers engaged with students in schools, and there has been a marked rise in young songwriters in recent years, showcasing a thriving music culture. Read more here