Latest news in Hungary - 27 Nov 2024

- Potential Extradition Agreement with China: Prime Minister Viktor Orbán has approved the initiation of an extradition agreement with China, following discussions during Xi Jinping's visit to Budapest. Justice Minister Bencze Tuzson has been tasked to negotiate and sign the draft. Read more here

- Proposal to Repeal the Lex CEU: Deputy Prime Minister Zsolt Semjén has proposed significant changes to laws, including the controversial "lex CEU," which restricted foreign universities. This proposal may affect how Hungary regulates foreign higher education institutions. Read more here

- Train Service Disruptions: Due to an overhead line failure, train services between Pusztaszabolcs and Dunaújváros have been temporarily suspended. Replacement buses are in place, and delays should be expected on affected routes. Read more here

- Economic Insights and Concerns: Investment expert Viktor Zsiday warned that Hungary is falling behind in GDP growth compared to its regional neighbors, and noted potential economic repercussions from U.S. trade policy under Donald Trump, which could impact Hungary's economic stability and real wage growth. Read more here

- Budapest Constituency Reductions: Mayor Gergely Karácsony opposes the government's plans to reduce parliamentary constituencies in Budapest, arguing that it could skew voting power in favor of less populated areas and disadvantage the capital. Read more here

- Water Meter Accuracy Issues in Érd: Residents of Érd have reported significant discrepancies in their water consumption following the installation of new meters, leading to a halt in further replacements until investigations are concluded. Many users have raised complaints regarding their bills. Read more here

- Rising Property Prices: Property prices in Hungary have surged, with some areas seeing price increases of more than 400% since 2015. The highest prices are now found in Budapest and surrounding areas, with significant disparities across the country. Read more here

- No Deputy Mayors Elected in Budapest: In a recent Capital Assembly session, the proposal to elect deputy mayors in Budapest was rejected. This decision has raised concerns regarding the governance of the city as no new leadership team will accompany Mayor Gergely Karácsony. Read more here

- New Tenant Benefit System: CPI Hungary's latest initiative, the CPI Club, aims to reshape the office rental market in Hungary, offering enhanced flexibility for tenants and various office space options for employees. This approach is expected to improve workplace efficiency and competitiveness. Read more here

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