News To Go

Orbán cabinet: Hungary can receive 6.61 billion euros from the EU in 2025

euro money chinese loan fine

An agreement on the 2025 EU budget was reached after “intensive discussions”, Péter Benő Banai, a state secretary at the Finance Ministry, said after a meeting of EU finance ministers in Brussels early Saturday. He added that Hungary could receive 6.61 billion in 2025 on development programs accepted by the European Parliament before.

Banai, who represented the Hungarian presidency of the Council of the EU at the ECOFIN meeting, said the 2025 budget contained EUR 199.4bn of total commitments and EUR 155.2bn of total payments.

He added that the agreement secured financing for programmes that enhance the EU’s competitiveness as well as financing for reconstruction after flooding in Central and Eastern Europe and Spain.

The budget follows the principal of “budgetary prudence” which means that there will be “flexibility” in 2025, Banai said.

Banai added that the European Commission could transfer EUR 6.61 billion for Hungary in 2025 on programs the European Parliament accepted and for aims defined by the Hungarian government.

6.61 Billions of euros
Photo: pixy.org

Read also:

  • OLAF to investigate EUR 1.8 million luxury mini nursery in Hungary

Top Hungary news: new ice rink, autumn Budapest, Olympic gold medal, new forint coin – 17 November, 2024

Top hungary news budapest autumn

We collected the top Hungary news from 16 November below.

Featured Hungary news

  • Budapest welcomes winter with ice rink and Christmas market in city centre – read our photo report HERE
  • Police recover stolen gold medal of Hungarian Olympic champion with VIDEO
  • Great news: The most astonishing ice rinks in Hungary will open soon! – PHOTOS and more in THIS article
  • National Bank of Hungary issues a new forint coin – Here’s how it looks
Top hungary news budapest autumn
Tram line nr 2, chosen one of the most beautiful. Photo: FB/Karácsony

China in Hungary

Companies in Hungary

  • Hungarian car seller AutoWallis concludes historic agreement buying Czech competitor – read more HERE
  • Retail chain Lidl plans considerable expansion in Hungary

After tragic death, new secretary responsible for Hungarians abroad appointed

New secretary responsible for Hungarians abroad appointed

President Tamás Sulyok has appointed Lőrinc Nacsa, MP of the co-ruling Christian Democrats, state secretary at the Prime Minister’s Office in charge of ethnic Hungarian communities, the PM’s Office told MTI on Friday.

Nacsa was nominated for the post by deputy Prime Minister Zsolt Semjén, to replace Árpád János Potápi, who died recently.

Nacsa has been his party’s parliamentary spokesman and deputy group leader. He is a member of parliament’s foreign affairs and welfare committees.

New secretary responsible for Hungarians abroad appointed
Photo: FB/Lőrinc Nacsa

Read also:

  • Tragedy: 57-year-old Hungarian politician, a fighter for all Hungarians died unexpectedly – read more HERE

Retail chain Lidl plans considerable expansion in Hungary

German retail company Lidl expands in Hungary

German-owned supermarket chain Lidl Magyarország plans to raise its number of stores from 210 to 250 in the coming years, chairman Zita Szlavikovics said on Friday, marking 20 years in Hungary.

With a nationwide reach, Lidl had 20.8pc market share in September, according to data from GfK, Szlavikovics said. The chain employs 9,500 people and exported EUR 338m of local products to its other Lidl stores last year, she added.

Lidl Magyarország has 487 domestic suppliers accounting for 61pc of inventory, managing director for purchasing Zoltán Nepp said.

Lidl Hungary
Photo: facebook.com/LidlMagyarorszag

Lidl Magyarország had net sales revenue of HUF 1,159bn in its business year ended February 29, public records show.

Read also:

  • Historic Lidl announcement concerning Hungary – read more HERE

Top Hungary news: BDSM sex gone wrong, cancer treatment, Wizz Air modification – 15 November, 2024

Top hungary news budapest autumn

Top Hungary news from today in our article below.

Featured Hungary news:

  • Shocking testimony: the American woman died in Budapest due to BDSM sex gone wrong? – read more HERE
  • Attention! Wizz Air to impose more fines for oversized baggage
  • Living in Hungary: Insights from expats on what they enjoy and what they don’t – details in THIS article and HERE you may read what FM Szijjártó said about safety in Hungary and Budapest
Top hungary news budapest autumn
Photo: FB/Karácsony

Society

  • Scientist with Hungarian origins can treat cancer with viruses? The miraculous recovery of Dr Beáta Halassy – read more HERE
  • Budapest Christmas markets open with moderate prices and discounts for tourists today – details in THIS article

Education

Struggling Hungarian economy

  • German companies in Hungary worried about growing costs, decreasing consumption – read more HERE
  • PM Orbán will build Europe’s most modern border crossing, sets new finish date for 160 km/h railway line despite the Serbian section is already functional – details HERE

Hungarian government to cap catering service fees

tipping in hungary summer restaurant

The National Economy Ministry said it planned to cap catering service fees and ensure that waitstaff get their tips, tax-free, regardless if paid in cash or by card, in a statement issued on Friday.

In cooperation with professional associations, the ministry said service fees would be capped at 15pc for private individuals and at 20pc for corporate functions.

Public consultations on the measures will start on Friday.

Read also:

  • German companies in Hungary worried about growing costs, decreasing consumption – read more HERE

Featured image: illustration, depositphotos.com

Deadly H5N1 virus spreads in Hungary again

Deadly virus spreads in Hungary h5n1

The H5N1 avian influenza subtype virus has been identified at a turkey farm in Somogy County, in the southwest of the country, and a goose farm in Jász-Nagykun-Szolnok County, in the east, food safety authority Nébih said on Thursday.

Close to 3,400 turkeys and almost 3,900 geese are being destroyed at the farms around which protection and surveillance zones have been established.

Bird flu outbreaks have been identified across the country.

Read also:

  • Airbnb pens open letter to Hungarian economy minister – read more HERE

Top Hungary news: Cyberattack against defence system, Airbnb’s letter, new Budapest–Spain flight, Christmas markets open — 14 November, 2024

várkert bazár budapest Hungary news

We’ve rounded up the top Hungary news – check them out below!

Featured Hungary news

Travel, tourism:

Politics

Housing in Budapest

Top Hungary news: Video of Gellért Hotel, Robbie Williams in Budapest, Magyar denounces ex-girlfriend — 13 November, 2024

várkert bazár budapest Top Hungary news

We’ve rounded up the top Hungary news – check them out below!

Featured Hungary news:

Property:

Electricity:

Education:

State-supported military drama:

Budapest hosts 23rd European Tourism Forum, highlighting sector’s vital role in economic growth

budapest quay city hungary news traffic European Tourism Forum

Budapest hosted the 23rd European Tourism Forum, the highest-level tourism trade event of Hungary’s presidency of the Council of the European Union, on Wednesday.

Closing the forum, László Könnyid, the head of the Hungarian Tourism Agency, said the event had been “successful” and “important” for government and market players in the European tourism sector.

He noted that tourism had become one of the most important engines of economic growth in the EU and in Hungary.

The sector accounts for close to 13pc of Hungary’s GDP, while over 10pc of budget revenue comes from taxes on consumption and labour related to tourism, he said. While strengthening competitiveness is the priority of Hungary’s EU presidency, the forum also addressed climate change, sustainability and the use of artificial intelligence. Konnyid said participants were in agreement on the need for precise data to manage issues such as over-tourism.

He added that their work could contribute to maintaining tourism’s important economic role while advocating a vision of sustainable, digital and people-focused tourism in Europe. Marie-Helene Pradines, a head of unit at the European Commission, said many important matters had been discussed at the conference which she termed a success. She added that a solution needed to be found for the labour shortage in Europe’s tourism industry. Eduardo Santander, the head of the European Travel Commission, said the performance of the tourism sector was “outstanding” in 2024, in spite of the geopolitical challenges.

Read also:

Featured image: depositphotos.com

Hungarian government introduces zero-interest loans for young Hungarian workers as part of new economic policy

forint hungarian central bank minimum wage loans

The National Economy Ministry on Wednesday announced the launch of public consultations on a government scheme to offer young Hungarian workers zero-interest loans.

The ten-year loans up to HUF 4m (EUR 9,800), available to working, non-graduates between the ages of 17 and 25, will be available from the start of 2025. The scheme could support career starters with around HUF 500bn, the ministry said.

Borrowers must work at least 20 hours a week, under contract or as an entrepreneur. They must also pledge to continue to work in Hungary for a period of at least five years.

Women who take out the loans will get a two-year grace period after the birth of their first child. Half of the loan’s principal will be forgiven after the birth of a second child and the full amount after the birth of a third.

The scheme is part of the government’s New Economic Policy Action Plan which seeks to boost Hungarians’ purchasing power, ensure affordable housing and scale up SMEs.

Read also:

Featured image: depositphotos.com

Survey: Majority of Hungarians back government plan to raise average wage to EUR 2450

forint money currency Hungarian wages minimum wage

74 percent of respondents in a recent survey reacted positively to government plans to gradually increase the average gross wage to HUF 1 million (EUR 2,450), pollster Real-PR 93 told MTI on Wednesday.

Fully 19 percent, however, expressed a negative view concerning the government plans, the pollster said.

Among decided voters, 83 percent of ruling Fidesz supporters, 61 percent of people affiliated with the opposition Tisza Party, 64 percent of those supporting the leftist Democratic Coalition and 74 percent of radical Mi Hazánk expressed support for the planned pay rise.

Real-PR 93 conducted its phone survey between Oct 28 and 30 with a sample of 1,000 adults.

Read also:

Featured image: depositphotos.com

PHOTOS: Residential building in Miskolc, Hungary collapses after gas explosion

miskolc gas explosion collapse

A suspected gas explosion occurred in a brick-built family home in Miskolc, on Erdő sor, early Wednesday morning, causing the building to collapse. The National Directorate General for Disaster Management reported that firefighters rescued three individuals from the debris and transferred them to hospital for treatment.

miskolc gas explosion collapse
Photo: MTI/Vajda János

The rescue operation was carried out by professional firefighters from Miskolc and the Diósgyőr district, under the coordination of the Disaster Management Operations Service. Five fire engines were dispatched to the scene, and experts from the Disaster Management Operations Center also assisted in the efforts.

According to Zsuzsanna Rinyu, deputy spokesperson for the Borsod-Abaúj-Zemplén County Disaster Management Directorate, preliminary assessments indicate that a gas explosion was likely the cause of the incident. Due to the nature of the explosion, specialists from the electricity and gas service providers were also called to the site to secure the area and prevent further risks.

Read also:

Budapest’s 9th district eyed for new student town to address housing shortage

student town hostel dorm budapest

The student hostels (“student town”) Budapest needs could be built in the city’s 9th district, the minister of culture and innovation told commercial broadcaster TV2 on Tuesday.

Balázs Hankó said the number of freshmen at Hungary’s colleges and universities has exceeded 100,000 for the second consecutive year, and the growing figure indicated an increasing demand for accommodation. Actual accommodation caters to 46,000 students nationwide as opposed to the demand for 120,000 places, and Budapest itself currently has 17,000 places for 57,000 applicants, he added.

Hankó said the brownfield area in the 9th district would be an ideal location for a “student town”, with potential accommodation for 12,000-20,000 students, including “units that could help young people start a family as early as possible”.

The minister said the project was in the financial planning phase, adding that the government was seeking to find private sources of financing for its implementation.

Read also:

Featured image: illustration, depositphotos.com

Top Hungary News: American woman’s partner blames himself, forint’s freefall, ambulance service collapses, Advent programmes, snowfall, OLAF investigation – 12 November, 2024

Budapest view winter autumn

We collected the top Hungary news from today:

Featured Hungary News

Society

Mix

Bird flu detected in Baranya County, Hungary

bird flu

The H5N1 avian influenza subtype has been identified at a turkey farm in Baranya County, in the southwest of the country, food safety authority Nébih said on Tuesday.

Bird flu detected at Hungarian farm

Around 5,500 turkeys are being destroyed at the farm in Szárász. Protection and surveillance zones have been established around the farm.

Bird flu outbreaks have been identified in several counties in Hungary.

Read also:

Featured image: depositphotos.com

OLAF to investigate EUR 1.8 million luxury mini nursery in Hungary

OLAF to investigate EUR 1.8 million luxury mini nursery in Hungary

After the Hungarian Integrity Authority’s investigations, the EU’s anti-fraud office is also getting involved in finding out details about a Hungarian luxury mini nursery’s high expenditure of EU funds.

OLAF starts investigation

Telex pointed out that the EU’s anti-fraud office, OLAF, has joined the Hungarian Integrity Authority in investigating a controversial mini nursery project in Nógrád County, Hungary. Funded with HUF 677 million (approximately EUR 1.8 million), the nursery provides just 12 places, a cost that independent MEP Ákos Hadházy has pointed out equates to HUF 56 million (EUR 136,337) per place. Hadházy brought the matter to the attention of the EU’s anti-fraud office in February, raising concerns about the high expenditure of EU funds on this project. He shared OLAF’s response, confirming the investigation, on his Facebook page.

Read also:

Top Hungary news: American woman’s death was an accident? Gellért Hotel, best Christmas markets, new public holidays, Hungarian Watergate? – 11 November, 2024

Magyar Zászló Magyarország Hungarian Flag Hungary

We collected the top Hungary news from today:

Featured Hungary news

Irish man’s lawyer: The death of the American woman was an accident

Top 5 Christmas markets in Budapest that will leave you breathless!

The Hungarian Watergate? Opposition leader Péter Magyar exposes alleged Government surveillance plot!

Business, economy

The Gellért Hotel rebirth: Orbán’s daughter aims to turn it into a luxury hub for super rich Asians

Hungary’s largest steel plant faces crisis: Indian Liberty and Government clash over blame, details HERE

How PM Orbán’s tax treaty plans could benefit Hungarian expats in the U.S.

Hungary’s 2025 economic action plan unveiled: €9.8 billion to counter economic downturn

Only once in 22 years has the October general government deficit been bigger than now, details HERE

Society

New public holidays wanted in Hungary

Hungarian baker couple winning awards in England – Their creations featured by the BBC: the M’s Bakery story

Politics

Slovakia assures Hungary that the new Slovak language law will not curtail Hungarian minority rights, details HERE

Sport

World Aquatics temporary HQ inaugurated in Budapest