Latest news in Hungary - 30 Dec 2024

(Discuss the news on our Reddit channel)

- Increase in Higher Incomes Among Hungarians: There has been a notable rise in the proportion of Hungarians earning above the minimum wage. From 2022 to 2023, the share of those earning at least 1.5 million forints increased from 2.3% to 3.4%. This change is attributed to a 15% rise in minimum wages and ongoing inflation, sparking discussions on the sustainability of these wage increases for companies. Read more here

- Violence Against MÁV Employees Grows: The MÁV Group reported a rise in attacks against ticket inspectors, with 100 incidents by mid-December 2024 alone. The incidents mostly included physical violence and verbal abuse. The government is addressing the issue with increased security measures. Read more here

- Gloomy New Year’s Eve Weather: Expect damp and foggy conditions across Hungary on New Year’s Eve, with temperatures ranging from -2 to +3 degrees Celsius. While light drizzles and freezing drizzle may occur, partial clearing is anticipated later in the day. Read more here

- New Year’s Eve Store Hours: Most stores will close early on New Year’s Eve, typically by around 16:00. All stores will be closed on January 1, but gas stations and pharmacies will remain open. Public transport will follow a Sunday timetable on the holiday. Read more here

- Rising Household Indebtedness in Hungary: As of September 2024, Hungarian households have a record level of indebtedness, exceeding 11 trillion forints. The personal loan market has surged, particularly in the third quarter of the year. Amidst economic uncertainty, more than 40% of repayments were early pay-offs as people seek to settle high-interest loans. Read more here

- Snow Covers Budapest: Snowfall covered several districts in Budapest early this morning, creating a wintery scene for residents. The snow resulted from the unique mixture of solid particles and humidity in the air. Read more here

- Political Landscape in Hungary Shifts: Ferenc Gyurcsány is being reconsidered as a political figure, as his previous vilification by Fidesz is losing its effectiveness amid rising challengers like Péter Magyar. Prime Minister Orbán notes the need for a new focus on promises for the future rather than past take-downs. Read more here

- European Rail Company Ratings Released: MÁV scored 5.9 out of 10 in a recent assessment of European rail companies, highlighting its affordable ticket prices but struggling due to a lack of reliability data. The evaluation reviewed 27 rail operators across various criteria. Read more here

-