Latest news in Hungary - 11 Aug 2025

** Hiker rescued * Cocaine seized ** Revolut expanding ** Tisza plans wealth audit ** Record heat ** Post Malone stuns at Sziget ** AI data center challenges ** Tisza surges in polls ** Esztergom exploring motorway plans **

Hiker Rescued from Gellért Hill: A man sustained serious injuries after falling onto rocks at Gellért Hill in Budapest, near the Rock Chapel. Firefighters employed alpine techniques to rescue him, and the affected road section was closed during the operation. Read more here

Record Heat in Hungary: Sunday saw a national heat record with temperatures soaring to 39.9°C in Körösladány, surpassing a 1948 record, while Budapest witnessed early morning and afternoon records of 25.5°C and 38.7°C, respectively. The heat wave is attributed to anticyclonic effects in southern Europe bringing hot, dry air to the region. Read more here

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Post Malone Stuns at Sziget Festival: Post Malone's electrifying performance at Sziget showcased his evolution as an artist, blending country-rock with pop and R&B, while engaging the crowd with a full band and spectacular production. Celebrating his recent birthday, the concert included hits like "Circles" and "Rockstar," proving he's a crowd favorite with nearly three billion streams on Spotify. Read more here

Cocaine Seized at Budapest Airport: Inspectors at Ferenc Liszt International Airport uncovered 6.54 kilograms of cocaine disguised as a "dental device" in a Hungarian passenger's luggage, leading to the seizure of nearly 200 million forints worth of narcotics. The suspect has been handed over to the Airport Police Directorate for further investigation. Read more here

Revolut Expanding in Hungary: Revolut plans to establish a branch and appoint a local leader in Hungary soon, capitalizing on a customer base of two million and 33% growth over the past year. With a strong focus on savings and investments, they reported a 97% annual increase in Hungarian customers investing through their ETF products, amid considerations to keep transaction fees low. Read more here

Hungary's AI Data Center Plans Face Challenges: The Hungarian government is pursuing a €3 billion investment in an AI data center, but experts warn that its reliance on existing energy sources and lack of flexibility may lead to a costly misstep similar to past mistakes in battery production. With high electricity prices and concerns over the energy mix, the project's viability remains uncertain amid competition from more favorable locations in Northern Europe. Read more here

Tisza Party Surges Ahead of Fidesz-KDNP: A new Publicus Institute survey reveals the Tisza Party leads Fidesz-KDNP by 10 percentage points among assured voters, with 46% backing Tisza compared to 36% for Fidesz. Voter participation is expected to be high, with 86% of respondents indicating they will vote in next year's parliamentary elections. Read more here

Esztergom Motorway Construction Plans: The government is exploring options to finance the M100 motorway connecting the M1 motorway to Esztergom with private capital involvement. Initially estimated at 350 billion forints, costs may now reach 500 billion forints, with public procurement expected next year and construction slated to begin by the end of 2026. Read more here

Wealth Audit Against Former Government Members: Péter Magyar announced that the newly formed Tisza government will initiate a 20-year retroactive wealth audit of former government officials and their families, including an inquiry into Viktor Orbán's estate in Hatvanpuszta. The National Asset Recovery and Protection Office will gather information from various authorities regarding the controversial luxury properties linked to Orbán. Read more here

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