Latest news in Hungary - 30 Nov 2024

- National Station Renovation Program Launch: The Hungarian State Railways (MÁV) is inviting applications from investors to revamp railway stations across Hungary, with a deadline of January 31. This initiative aims to enhance passenger comfort while keeping stations in public ownership. The program categorizes stations into three tiers based on their significance, facilitating investments for development. Read more here

- Budapest Mayor Responds to Political Tensions: Mayor Gergely Karácsony has rejected ultimatums from the Tisza Party regarding deputy mayor appointments, emphasizing the need to focus on financial issues. He is also preparing a unique budget for 2025 and contemplating a referendum on the Olympics if it aligns with the city’s infrastructure plans. Read more here

- Rector of BME Proposes University Model Change: Budapest University of Technology and Economics plans a shift to a potentially private model, allowing a domestic company to take over maintenance roles. This change, hoped for by 2025, aims to enhance education quality while possibly increasing its budget significantly. Read more here

- Push for December 24 Public Holiday: An initiative for December 24 to be declared a public holiday in Hungary is gaining traction, although it faces opposition from the Jobbik party. While Minister Gergely Gulyás suggests the economy can't bear another holiday, discussions are ongoing about legislating it possibly without a referendum. Read more here

- Judicial Independence Under Threat: Adrienn Laczó, a veteran judge, has resigned amid concerns of declining judicial independence in Hungary. Her resignation, sparked by government proposals affecting judges’ salaries, highlights growing discontent among the judiciary regarding perceived interference. Read more here

- Economic Outlook Downgraded: Moody's has downgraded Hungary’s credit outlook from stable to negative, citing concerns over governance quality amidst forecasts of minimal economic growth. This shift raises expectations of pressure on Hungary's credit rating, which may affect EU funding access. Read more here

- Electoral Law Amendments Under Debate: Hungary’s Parliament is discussing contentious amendments to reduce individual electoral districts in Budapest, stirring accusations of gerrymandering by the opposition. The proposed changes could significantly impact local representation ahead of the 2026 elections. Read more here

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