Latest news in Hungary - 29 Dec 2024

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- Railway Procurement Cartel Investigation: The Economic Competition Authority has confirmed a cartel related to railway projects in Debrecen, leading to fines totaling 1.2 billion forints for two enterprises connected to the Homlok Group. This investigation highlights corruption in Hungary’s major infrastructure projects. Read more here

- Tisza Party Surges Ahead in Polls: A recent poll shows the Tisza Party at 42% support among likely voters, overtaking Fidesz-KDNP at 36%. This shift represents a significant change in the political landscape as we move into 2024. Read more here

- Economic Overview for 2024: Hungary faces a challenging economic outlook as the forint weakens beyond 400 to the euro, although the real estate market is predicted to grow by over 10%. Changing family support policies are raising concerns among lower-income households. Read more here

- Hazardous Air Quality Alert: Dangerous air quality has been reported in various Hungarian cities, including Kaposvár and Székesfehérvár, prompting health advisories for residents to limit outdoor activities. Read more here

- Szeged Invests in Geothermal Heating: Szeged is leading in geothermal heating initiatives across Europe, planning to replace significant natural gas usage with geothermal energy, ultimately aiming to cut its CO2 emissions. Read more here

- Political Resignations Shake Hungary: The Hungarian political scene has seen a wave of resignations amidst various scandals, significantly impacting the ruling Fidesz party ahead of upcoming elections. Read more here

- Animal Welfare Advisory for Fireworks: As the New Year approaches, the Orpheus Animal Protection Association reminds pet owners to update their dogs' microchips to prevent them from escaping due to fireworks. Some areas in Budapest will have a ban on fireworks to protect animals this year. Read more here

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