Latest news in Hungary - 27 Aug 2025

Space Jellyfish Spotted Over Hungary: A bright streak resembling a jellyfish was seen in the sky over Hungary on Monday evening, caused by gases escaping from a recently launched satellite. This growing phenomenon is a result of the increase in satellite launches, with the recent sighting linked to a Chinese internet service satellite. Read more here

Fidesz's Growing Lead in Recent Polls: A recent survey by the Nézőpont Institute reveals that Fidesz has expanded its lead over the Tiszta Party by 8 percentage points, with 38% of confirmed voters supporting Tiszta. Despite this, projections suggest Fidesz would secure 117 parliamentary mandates if elections were held now. Read more here

Gránit Bank Reports Record Profit: Gránit Bank, linked to István Tiborcz, posted its highest-ever half-year profit of 11.6 billion forints in H1 2025, marking a 50.5% increase from the previous six months and almost 20% above its strategic target. The bank's loan portfolio skyrocketed by 55.8% year-on-year, significantly outpacing market growth. Read more here

Lego Reports Record Profits and Expands Factory in Nyíregyháza: In the first half of 2025, Lego achieved a record revenue of 34.6 billion Danish kroner (around 183.74 billion forints), a 12% increase from the previous year, while profits rose by 10% to 9 billion kroner (approximately 477.94 billion forints). The company is set to expand its factory in Nyíregyháza as part of its growth strategy, alongside enhancing operations in Monterrey, Mexico. Read more here

Lake Balaton Water Levels Drop Significantly: Due to a hot, dry summer, Lake Balaton has lost nearly 300 million cubic meters of water, with levels dropping 10 cm in just two weeks to an average of 71 cm, far below the maximum of 120 cm. Rainfall forecasts are not promising, indicating a challenging situation for the lake and its surrounding smaller bodies of water. Read more here

Executive Director of SAP Hungary Resigns: Szabolcs Pintér has stepped down from his role as executive director of SAP Hungary amid scrutiny following a sexual abuse case at the company's American division. Although there were no allegations of misconduct in Hungary, concerning communications led to his immediate departure from the European software giant, known as the most valuable publicly traded company in Europe. Read more here

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Racist Attack in District VIII Leads to Arrests: Three individuals, including two minors, have been arrested following a racially motivated assault on a man in Budapest's II. John Paul Pope Square, with police identifying a total of seven suspects involved in this life-threatening attack. Investigations are ongoing as authorities aim to prevent further incidents. Read more here

Speed Cameras in Budapest Set to Double: Budapest is adding 38 new speed cameras, bringing the total from 32 to 70, a move aimed at enhancing road safety. In just the first half of 2025, 145,000 speeders were caught, resulting in fines totaling 7 billion forints, indicating a positive impact on reducing speeding violations since the cameras' introduction. Read more here

M2 Metro Extension to Cinkota Planned: The Hungarian Ministry of Construction and Transport has announced plans to extend the M2 metro line to Cinkota, creating a modern urban-suburban rail network. The development, part of a 7.5 billion forint budget, aims to electrify the current non-electrified section and include new P+R parking lots, with potential construction beginning by 2030. Read more here

Wild Boars on the Streets of Budapest: Residents in Budapest's 12th district are encountering wild boars more frequently, with reports of groups seen near János Hospital and other areas. Factors such as habitat loss due to urban development and the restrictions from African swine fever have resulted in the inability to relocate these animals, prompting local authorities to consider humane euthanization methods to control their presence. Read more here

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