Latest news in Hungary - 14 Jan 2025

** US ambassador leaves ** Hungary Poland tensions ** Ügyfélkapu+ rollout ** Taxi driver strike ** Streamlined property sales ** Inflation peak in December **

January 14, 2025

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- David Pressman Concludes Tenure as US Ambassador: US Ambassador David Pressman has officially departed Hungary as of January 13, 2025. His role will temporarily be taken over by David Holmes. Pressman’s term was marked by diplomatic tensions, including the sanctioning of a Hungarian politician by the US Treasury. Read more here

- Diplomatic Tensions Between Poland and Hungary: Poland has recalled its ambassador from Hungary after Hungary granted asylum to a former Polish official. This has led to criticisms from both sides and raised concerns about future diplomatic relations. Read more here

- Chinese Investment to Boost Hatvan: The Chinese automotive company Xinzhi is set to invest 50 billion forints in Hatvan, creating 900 new jobs. This initiative aims to enhance Hungary's position in the electric vehicle market amid European economic challenges. Read more here

- Ügyfélkapu+ Makes Login Easier: The Ügyfélkapu service will transition to Ügyfélkapu+, allowing users to receive login codes via email, improving accessibility for those without smartphones. This update precedes the complete cessation of the old service on January 15. Read more here

- Taxi Drivers to Strike for Tax Reform: Taxi drivers in Budapest are planning to protest at Heroes' Square, advocating for a more equitable tax system and improvements in public transport conditions. Their demands include an increase in the personal tax exemption threshold and better safety measures for drivers. Read more here

- One-Hour Property Sales Are Coming: An electronic property registration system set to launch will allow property sales to be registered within an hour after contracts are signed, streamlining the process for potential buyers in Hungary. Read more here

- Hungary's Inflation Peaks in December: Hungary's inflation rate rose to 4.6% in December 2024, with food prices experiencing significant increases, particularly flour and eggs. This surge highlights ongoing inflationary pressures affecting households across the country. Read more here