Latest news in Hungary - 24 Jan 2025

- Nationwide Bomb Threats Affect Schools: Over 268 schools across Hungary received bomb threats, primarily in Budapest, prompting extensive police inspections. No explosives were found, but investigations are ongoing to identify the sources of the threats. The incident underscores national security concerns amidst rising fears related to extremism. Read more here

- Employment Decline Continues: Hungary's employment rate fell by 16,000 compared to last year, standing at 4.68 million employed individuals by the end of December 2024. The decline primarily affected male workers, despite overall unemployment rates remaining stable at 4.4%. Read more here

- VAT Exemption Threshold Increase for Small Businesses: The VAT exemption threshold for small businesses in Hungary will rise from 12 million forints to 18 million forints retroactively from January 1. This change enables more small enterprises to operate without VAT, though some may face complications regarding their VAT status. Read more here

- Upcoming Major AI Hackathon in Budapest: A significant AI Hackathon is scheduled for March 7-8 in Budapest, offering a prize pool of 60 million HUF. The event invites teams to create innovative AI solutions, aiming to foster an AI competence center in Hungary and attract participants from across Europe. Read more here

- Gulyás Discusses Rákosrendező Development: In a recent Government Info event, Gergely Gulyás commented on the controversial skyscraper development at Rákosrendező, expressing a preference for lower buildings but not committing to specific building heights. This reflects broader discussions on urban planning in Budapest amidst rapid development. Read more here

- Orbán's Remarks on National Safety and EU Politics: Prime Minister Viktor Orbán assured the safety of students following the recent bomb threats affecting hundreds of schools. In his radio interview, he also discussed Hungary's stance on migration and the EU's reliance on external policies, emphasizing national security. Read more here

- Integrity Authority President Under Investigation: Ferenc Bíró, head of the Integrity Authority, is facing investigation for embezzlement. Although under scrutiny, he remains in his position as authorities have opted not to pursue his dismissal yet. This reflects ongoing challenges regarding corruption in Hungary. Read more here

-