Latest news in Hungary - 11 Feb 2025

- Historic Rise in Credit Card Debt: Hungarian credit card debt has hit a record high of 161.6 billion HUF as of December 2024, marking a 10% increase from fall 2021, fueled by holiday impulse purchases. In contrast, personal loans saw a notable decline to 64.2 billion HUF. Read more here

- New Metro Bus System in Budapest: A new metro bus system is set to roll out in Budapest, aimed at linking outer districts directly to metro lines, as per Mayor Gergely Karácsony. This move comes amidst criticism that it may offer only a temporary solution to public transportation issues. Read more here

- Inflation Hits 5.5%: Hungary's inflation has surged to 5.5% in January 2025, driven by increased food prices. In response, Minister Márton Nagy is considering reintroducing price controls, particularly on staple items like milk and eggs, to help stabilize costs. Read more here

- Obstetric Services Ceased at Mezőtúr Hospital: From March 1, Mezőtúr hospital will stop offering obstetric services due to retiring specialists, leading to patient transfers to Scholnok's Hetényi Géza Hospital. The municipality is seeking solutions for the lack of healthcare personnel. Read more here

- MÁV’s Remote Work Changes: Employees at MÁV can work remotely under the guise of "creative work," even though home office options remain officially prohibited. This reflects a loophole in response to demand for more flexible working arrangements. Read more here

- Fjällräven Hiking Tour: The annual Fjällräven Hiking Tour in Balaton Uplands is scheduled for August 25-29, covering 107 km. This event continues to grow in popularity, combining Hungarian and Swedish hiking traditions. Registration opens on February 15. Read more here

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