Latest news in Hungary - 19 Feb 2025

- Economic Outlook Predicts Growth: The Balance Institute forecasts Hungary's economy will grow by 2% in 2025, with household consumption increasing as savings normalize post-inflation. However, challenges such as high import levels and weak exports may hinder trade balances. The unemployment rate is expected to rise slightly in 2025. Read more here

- Orbán on EU and Ukraine: Prime Minister Viktor Orbán stated that Ukraine's EU membership is currently not feasible due to unattained prerequisites, criticizing the EU's relationship with Hungary. This comes during a heightened security meeting for Fidesz-KDNP where various political matters were discussed. Read more here

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- Budapest Lawsuit Against State for Cleanup: Budapest has initiated legal action against the state regarding the remediation of the Óbuda Gas Factory, which is believed to have significant hazardous waste. The mayor emphasized the state's failure to commence cleanup efforts. Read more here

- Cold Weather Advisory: A cold snap is hitting Hungary, with temperatures potentially dropping to -15 degrees Celsius in some areas. Residents are advised to prepare for freezing conditions, although a warming trend is expected later in the week. Read more here

- New Road Traffic Regulations Draft Proposed: A revised draft of Hungary's Road Traffic Regulations introduces numerous changes aimed at modernizing rules for pedestrians, cyclists, and drivers, including new safety measures and speed limits. The consultation process is currently ongoing. Read more here

- SK Battery Plants Layoffs: The SK Group is reducing its workforce in Hungary due to declining demand for electric vehicle batteries, laying off over 1,600 workers in the past year. Ongoing rumors suggest that one of the plants may close entirely. Read more here

- Tisza Party Launches Campaign: The Tisza Party will kick off a nationwide campaign on March 1 in Békés County, reflecting its commitment to political activism ahead of important national events. Read more here

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