Latest news in Hungary - 13 Feb 2025

- Wage Increase Expectations Dwindle in Hungary: A recent survey by Hays Hungary shows a dramatic decrease in companies planning significant wage increases. Only 12% expect raises over 10% in 2025, down from 34% last year. Meanwhile, 42% anticipate raises of 6-10%, and 33% expect increases below 5%. This trend mirrors a decline in employee optimism about salary growth amidst economic challenges. Read more here

- EU Budget Talks Heat Up Amid Hungarian Veto Threat: Hungary's Prime Minister Viktor Orbán has threatened to veto the upcoming multi-year EU budget unless previously withheld funds for 2025-2026 are released. As the European Commission prepares a proposal requiring greater cooperation among member states, Hungary’s potential veto raises concerns about delays that could cost billions. Read more here

- Karácsony Files Lawsuit Against Government Over Solidarity Tax: Mayor Gergely Karácsony has announced a lawsuit against the government to recover 89 billion forints in solidarity tax, arguing that the capital should receive fairer operational support. Currently, Budapest is receiving far less aid compared to its tax payments, which adds mounting pressure on the city’s finances. Read more here

- EU Proceedings Against Hungary Over Procurement Regulations: The European Commission has initiated an infringement procedure against Hungary for potentially violating EU procurement rules by mandating exclusive use of a negotiating procedure for state construction projects. If unresolved, this could lead to court proceedings and financial penalties for Hungary. Read more here

- Traffic Chaos on Árpád Bridge: A vehicle veered into oncoming traffic on Budapest's Árpád Bridge, causing a significant blockage and delayed traffic flow. Efforts are underway to clear the vehicles involved, leading to long wait times for commuters in the area. If traveling, be aware of possible delays. Read more here

- Freezing Rain Warnings Issued Across Hungary: A first-level warning for freezing rain has been issued for several counties starting Thursday, with more severe warnings for areas like Tolna and Bács-Kiskun. Travelers are advised to exercise caution as roads may become slippery, and snowfall is anticipated in mountainous regions by the end of the week. Read more here

- European Parliament to Send Delegation to Hungary: In April, the European Parliament will send a fact-finding team to Hungary to evaluate the rule of law, judicial reforms, and corruption. This visit is part of ongoing scrutiny over Hungary's adherence to EU principles, following past criticism from EU institutions. Read more here

- Increased Use of Fake Speed Cameras by Municipalities: Many municipalities across Hungary are installing fake speed cameras as a budget-friendly alternative to certified speed enforcement devices. These cameras are aimed at promoting responsible driving without significant investment but are raising discussions about transparency in traffic regulation. Read more here

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