Latest news in Hungary - 4 Nov 2024

- Concerns Over Budapest's Organic Waste Collection: Residents of Budapest are confused about the city's new organic waste collection program, which must be implemented by the end of December. Many are unaware of the initiative or the use of brown bins for organic waste, leading to skepticism about its effectiveness. Residents fear potential penalties, while the city struggles with communication efforts. Read more here

- Rising Demand in Hungary’s Housing Market: October saw a 31% year-on-year increase in housing demand across Hungary, with Budapest experiencing a remarkable 45% boost. Supply has also increased, indicating a potential market boom in 2025, especially in several districts within the capital. Read more here

- Bank Fee Increases from OTP: OTP Bank will raise transaction fees starting January 1, with charges for money transfers increasing to up to 0.5% and cash withdrawal fees at domestic ATMs seeing hikes. This follows a temporary freeze on fee increases, leading to expectations for other banks to follow suit. Read more here

- Political Insights Before the 2026 Elections: Political scientist Benedek István suggests that Hungary's governing parties are becoming more vulnerable as the 2026 elections approach. A potential unifying opposition figure, Péter Magyar, may challenge the ruling Fidesz party's authority. Read more here

- Political Criticism on Hungary's Leadership Focus: Former Minister of Education József Pálinkás criticized Prime Minister Viktor Orbán for prioritizing monumental projects over essential improvements in education and healthcare, highlighting a disconnect between government actions and public needs. Read more here

- Historic Cold Snap Hits Hungary: Hungary experienced its coldest night of the season, with temperatures dropping below zero across most regions. Nyírtass recorded -6.5 degrees Celsius. Some frost and fog is expected in the mornings following this cold snap. Read more here

- Tragic Incident at Novi Sad Station Linked to Hungarian Company: A construction accident at Novi Sad railway station, where a glass terrace collapsed, left 14 dead, including one from North Macedonia. Investigations are underway regarding the involvement of the Hungarian company overseeing the renovation. Read more here