Latest news in Hungary - 7 Dec 2024

- Seven Charged in Szeged Kidnapping: A group of seven men has been charged with aggravated kidnapping in Szeged after a daylight abduction involving weapons. They coerced the victim into making false statements, which he later recanted. The prosecution is pursuing additional charges related to disorderly conduct and coercion. Read more here

- Major Embezzlement Case in Budapest Hospitals: A senior HR manager allegedly embezzled up to 332 million forints from two Budapest hospitals by creating fake employees in the payroll. A total of 47 individuals have been charged. Significant assets, including cars and a yacht, have been seized as part of the investigation. Read more here

- Snowfall Affects Budapest Transportation: Heavy snowfall has led to changes in several bus routes in Budapest, including shortened operations for multiple services. Drivers are advised to exercise caution due to slippery conditions, as the snowfall continues throughout the northwest region. Read more here

- Upcoming Újpest By-Election: László Varju's resignation from parliament has triggered a by-election in Újpest-Angyalföld. The Democratic Coalition is poised to re-nominate Varju, while facing challenges due to recent electoral rule changes that complicate by-elections. Read more here

- Restart of Norwegian Funds Negotiations: The Hungarian government is negotiating to relaunch the Norwegian Financial Mechanism, which supports NGOs. Operations were suspended in 2021 due to conflicts with the government over grant distribution, but recent talks suggest a potential return of these funds. Read more here

- Fitch Upgrades Hungary's Financial Outlook: Fitch Ratings has upgraded Hungary's outlook from negative to stable while maintaining a BBB rating. This positive shift is attributed to decreased political uncertainty ahead of the 2026 elections, although challenges remain regarding market volatility. Read more here

- Healthcare Workers Arrested for Bribery: In Győr, several healthcare professionals including a chief physician have been arrested on suspicion of accepting bribes for medical services in the oncology department. This follows ongoing investigations into corruption in the healthcare sector. Read more here

- Concerns Over Nyugati Railway Station Development: Local government officials in Terézváros express concern over plans to privatize railway areas around Nyugati Railway Station, claiming it threatens the Podmaniczky Park project. They aim to withdraw the current tender and prohibit construction in the area. Read more here

- Snowy Weather Advisory: With snowfall hitting various regions in Hungary, it's a good idea to stay informed about travel conditions and plan accordingly, as winter weather can significantly affect transportation. Read more here

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