Latest news in Hungary - 29 Jan 2025

- MNB Keeps Base Rate Steady at 6.5%: The Hungarian National Bank has opted to maintain its base interest rate at 6.5%, aligning with current market predictions. The bank's decision reflects ongoing uncertainties in the international economy, causing hesitation to lower rates. Read more here

- Political Developments in Budapest: The Tisza Party's recent proposal for a tender process to appoint CEOs for capital companies was unanimously rejected by the Capital Assembly, prompting criticism regarding cooperation among different factions. Mayor Gergely Karácsony cited concerns over legality within the proposal. Read more here

- Debate Over Rákosrendező Development Heats Up: Discussions are intensifying over Eagle Hills Group’s proposed investment in the Rákosrendező area, where plans for a 500-meter skyscraper have met with fierce resistance from the city administration aiming for local development. Read more here

- Serious Charges Against Teacher in Borsod: A teacher from Borsod has been charged with sexual assault allegations involving three underage students. The prosecution is seeking a lengthy prison sentence along with a lifetime ban from public service. Read more here

- Budapest Faces Tram Service Disruption: A collision early Wednesday morning between a small truck and a van disrupted tram services on several routes in Újbuda, requiring a bus replacement for the affected sections. Commuters should anticipate delays in the area. Read more here

- Rise in Property Interest from Romanian Buyers: Following Romania's accession to Schengen, inquiries about residential properties in Eastern Hungary have surged by 90% compared to the previous year. Areas like Hajdú-Bihar and Békés are particularly attracting Romanian buyers looking for more affordable housing options. Read more here

-