Latest news in Hungary - 15 Jan 2025

- Insights from Economic Minister Nagy Márton: Hungary's Economic Minister announced an expected rise in national debt to 74% of GDP, alongside a projected reduction in the deficit. He confirmed significant changes in the Ministry of Economic Development, with a 2026 budget anticipated by July. Read more here.

- Hungarian Car Manufacturing Hits New Lows: Hungary's industrial production saw a 2.9% drop year-on-year in November, with vehicle production reaching its lowest since April 2022. Challenges persist for the automotive sector, despite potential boosts from new factories in the region. Details here.

- Hungarian Tourist Boom in Croatia: In 2024, nearly 790,000 Hungarians visited Croatia, marking an 8% increase from the previous year. Average stays lasted five days, showcasing a strong year-round interest in travel. More details here.

- Important Update for Customer Portal Users: Starting January 16, users must transition to the new Customer Portal+ to continue accessing online government services. Important processes include saving a deletion code to complete the setup. More information here.

- Chinese Company Xinzhi to Build Factory in Hatvan: Chinese automotive firm Xinzhi is set to invest around 50 billion forints in a new factory in Hatvan, creating nearly 900 jobs. The investment has raised concerns among local officials regarding oversight and local tax revenues. Read more here.

- Free Beach Plans on the Danube: Budapest Mayor Gergely Karácsony announced plans for a free beach along the Danube, capitalizing on improved water quality. A feasibility study is underway to explore potential locations and operational frameworks, keeping local citizens informed as plans develop. Read more here.

- Snowfall and Sleet Expected on Wednesday: Hungary is expecting winter weather on Wednesday, with temperatures ranging from -8 to +4 degrees. In Budapest, residents are advised to use public transport and prepare for winter conditions as snow is forecasted. Read more here.

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