Latest news in Hungary - 6 Feb 2025

- Interest Payment Changes Impact Bond Market: Many Hungarian investors are reconsidering their investment strategies after a major interest payment on government bonds. Yields have plummeted from 17-19% to just 3-4%, with estimates suggesting up to 4,000 billion HUF might be withdrawn from these bonds this year, raising concerns about the national finance strategy. Read more here

- Hungary's Olympic Aspirations: The LA10 initiative has been launched to aim for ten gold medals at the 2028 Olympics or a top ten medal finish. Led by former athlete Baji Balázs, the program focuses on better collaboration among stakeholders and enhanced performance support for athletes. Read more here

- Healthcare Protest Scheduled: The Hungarian Medical Chamber is organizing a protest on March 8 demanding urgent reforms in the healthcare system, citing insufficient state funding and a significant deficit compared to the EU average in healthcare spending. Read more here

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- Housing Market Surge Expected: New reports from MBH Bank predict a potential rise in housing prices in Hungary by 14-17% in 2025, attributed mainly to lower interest rates and increased household savings. Despite a decline in new construction, demand continues to grow. Read more here

- Judicial Independence Protest Planned: Judges and their supporters are set to demonstrate on February 22 for judicial independence, amid concerns regarding legislative changes threatening this principle. This protest is partly tied to ongoing disputes with the European Commission over judicial reforms. Read more here

- Chinese Workforce Coming to Szeged: Szeged will welcome thousands of Chinese workers to build production facilities for the BYD electric car factory. The mayor revealed plans for residential housing to accommodate these workers as part of a 96.9 billion HUF budget for the city. Read more here

- Record January Heat in Hungary: January 2025 marked the hottest January on record globally, raising concerns over climate change. This trend reflects ongoing challenges in environmental management and policy. Read more here

- Public Mobilization Against Gender-Based Violence: The Patent Association is set to hold a protest in Budapest highlighting the systemic issues surrounding violence against women, coinciding with the societal response to a high-profile murder case. Read more here