Latest news in Hungary - 31 Jan 2025

- Traffic Disruption on M0 Motorway: A severe traffic jam exceeding 7 km has formed on the M0 motorway due to a multi-vehicle collision, resulting in the closure of two lanes. Motorists are advised to seek alternative routes. Read more here

- Significant Economic Growth in Hungary: Despite a stagnating Eurozone economy in Q4 2024, Hungary achieved a modest year-on-year GDP growth of 0.4%. This growth was supported by a resilient services sector but warns that ongoing economic weakness in Germany poses risks for Hungary. Read more here

- Return of Remote Work for MÁV-Volán Employees: The MÁV–Volán group is allowing remote work again for parents of children under 8 and caregivers, amid employee resignations. New regulations involve performance tracking software and a modified pay structure. Read more here

- Upcoming CPAC Hungary: The Center for Fundamental Rights is set to host CPAC Hungary on May 29-30, featuring significant speakers, including potential keynote Viktor Orbán. This event marks the fourth edition of Hungary's mini-CPAC conference. Read more here

- Rákosrendező Development Discussion: Budapest Mayor Gergely Karácsony stated no corrupt dealings are behind the Rákosrendező project and emphasized the necessity of influencing developments on this prime land. The future of this area includes plans from an Arab investor. Read more here

- Low Birth Rates for 2024: Hungary reported its lowest birth rate since 1949 with only 77,500 births in 2024, reflecting a natural population decline of 50,000. This raises concerns about demographic challenges ahead. Read more here

- Tram Line Development Uncertainty: Confusion surrounds the future tram line from Zugló to Angyalföld as the Ministry of Construction and Transport delays decisions until clarity on the Rákosrendező project is achieved. This situation is critical for Budapest’s urban planning. Read more here

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