Latest news in Hungary - 16 Jan 2025

** Fewer state-funded university places ** New bulk waste system for Budapest ** Taxi driver protest ** Telekom announces price increases ** Historical building turned into hotel **

January 16, 2025

- Cuts to State-Funded University Places: Beginning in 2025, nearly all Hungarian universities, including Budapest Corvinus (48% cut) and ELTE (19% cut), will see significant reductions in state-funded student placements. This raises concerns about access to education and future job security in Hungary. The National University of Public Service is the only institution to gain additional funding. Read more here

- New Waste Collection System in Budapest: Starting January 1, 2027, Budapest will introduce a new bulk waste collection system allowing residents one free annual collection after registration. This initiative aims to improve cleanliness and enhance recycling rates, with ongoing updates expected as districts prepare for the transition. Read more here

- Taxi Drivers Protest for Change: Hundreds of taxi drivers rallied in Budapest, demanding regulatory changes to combat high operational costs and inadequate earnings. Key demands include raising the VAT exemption threshold and limiting the number of registered taxis. Despite recent government promises for support, drivers hope for more decisive actions. Read more here

- Tax and Fee Increases Announced by Telekom: Magyar Telekom plans to raise monthly subscription fees by 3.7% starting April 1, in line with Hungary's inflation rate. This increase will affect various customer segments and follows other telecom providers making similar adjustments. Read more here

- Historical Site Transformed Into Hotel: A historical building in central Budapest is being renovated into a 36-room hotel, with completion aimed for October 2025. This project underscores ongoing changes in Budapest’s hospitality landscape amidst discussions regarding heritage preservation. Read more here