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- Latest news in Hungary - 17 May 2025
Latest news in Hungary - 17 May 2025
** Protest against new law ** Arms trafficker arrested * Parking corruption trial continues ** Ice hockey team faces defeat ** István Szabó honored ** Growth forecast downgraded ** Turkic summit in Budapest **
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Hungary's Ice Hockey Team Faces Tough Defeat: The Hungarian men's ice hockey team started strong at the World Championship but ultimately fell to Denmark with a score of 8-2. Despite their impressive 2-0 lead early on, they struggled to maintain momentum, leaving their chances of advancing in the tournament uncertain but still possible with outcomes in upcoming matches. Read more here
Protest Against Civil Society Law in Budapest: The Momentum Movement protested a controversial law proposal aimed at limiting civil society's effectiveness, where demonstrators confronted a Hír TV crew, accusing them of misinformation. The proposal, presented by Fidesz MP János Halász, could impose sanctions on organizations receiving foreign funding deemed a threat to national sovereignty. Read more here
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István Szabó Honored at Cannes: Celebrated Hungarian director István Szabó received a lifetime achievement award at the Cannes Film Festival, coinciding with the premiere of the restored 4K version of his film "Sunshine," originally released 25 years ago. The 87-year-old filmmaker has competed at Cannes five times and won the Jury Prize in 1985 for "Colonel Redl." Read more here
Hungary's Economic Growth Forecast Downgraded: CIB Bank analysts project Hungary's GDP growth for 2025 to be just 1.1%, down from an initial forecast of 2%, primarily due to a weak first quarter and ongoing stagnation in the economy, while inflation may decline to around 4.5% thanks to easing global energy prices. The central bank's key interest rate is not expected to change until at least summer, amidst concerns over EU fund availability and credit rating stability. Read more here
Turkic Summit in Budapest: The Informal Summit of the Organization of Turkic States will take place in Budapest on May 20-21, featuring leaders including Turkish President Erdoğan and Azerbaijani President Aliyev. This summit aims to enhance Hungary's role as a mediator between East and West and marks the first time a summit of observer states will be held. Read more here\
German Arms Trafficker Arrested in Budapest: A 25-year-old German man was arrested by Hungary's Counter-Terrorism Centre (TEK) at Nyugati railway station, following a request from German authorities for his suspected involvement in arms trafficking and anti-Semitic property crimes. He was apprehended after disembarking from a train, and discussions regarding his extradition to Germany are underway. Read more here
Corruption Trial in Budapest Parking Case: The Budapest Metropolitan Court is hearing testimonies related to a corruption scandal involving the parking systems in Zugló and Újbuda, where former socialist mayor Horváth Csaba and Fidesz member Tamás Jelen allegedly solicited bribes totaling millions of forints from the head of SIS Parking. The trial reveals claims of systematic bribery to secure parking contracts, with accusations spanning multiple politicians and substantial amounts of money exchanged for favorable treatment in tenders. Read more here\
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