Latest news in Hungary - 26 Oct 2024

- SZÉP Card Acceptance Request: Hungary's Economy Minister Márton Nagy met with Booking.com’s government relations head to discuss the acceptance of SZÉP cards for domestic bookings. Nagy highlighted the importance of this payment method for Hungarian families and emphasized compliance with consumer protection laws in the hospitality sector. Read more here

- National Consultation on Economic Neutrality: Prime Minister Viktor Orbán announced the launch of a national consultation on economic neutrality set to begin next week. This initiative aims to gather public opinions on economic policy, with hopes of fostering growth that exceeds the EU average. Read more here

- Göd Battery Factory Tax Increase: The local business tax on Samsung's battery factory in Göd will double from 1% to 2%, following a vote by the Pest County Assembly. This decision, influenced by opposition parties, aims to increase revenue, with allocations yet to be determined. Read more here

- Changes in Postal Services: Despite over 2,300 post office closures, Hungary's Postal Service will maintain accessibility via partnerships with municipalities and businesses, ensuring services in smaller areas. More than 650 partners and 400 mobile units will support essential postal functions. Read more here

- Keszthely Hospital Closure: The obstetrics and gynecology department at Keszthely Hospital will cease inpatient care starting November 4, shifting services to nearby facilities. While this has raised concerns among locals, outpatient services will still be available. Read more here

- Public Consultation for Grand Boulevard: The Budapest Public Transport Center is seeking public feedback on proposals to enhance the Grand Boulevard, focusing on pedestrian-friendly features, bike lanes, and improved public spaces, with consultations running until the end of November. Read more here

- Economic Policy Tensions: Increasing tensions are noticeable between Hungary's National Bank and the Ministry of National Economy over interest rates and economic strategies. The outcomes of these discussions will significantly impact Hungary's economic direction in the coming months. Read more here

- New Housing Opportunity via Pension Savings: Beginning in 2025, families can use voluntary pension savings for housing purposes, including home purchases and renovations, offering greater flexibility in accessing financial resources for housing needs. Read more here