Hungary’s political and economic landscape continues to shift as Prime Minister Péter Magyar advances major tax reforms, former Prime Minister Viktor Orbán faces fresh political challenges, and the country considers a possible timetable for adopting the euro.
This week’s Hungary Weekly Briefing explores three key developments:
- Wealth tax showdown: Magyar’s plans to tax large fortunes have drawn criticism from Orbán, raising questions about Fidesz’s political strategy and the legacy of wealth accumulation under its previous governments.
- Corruption and political accountability: Investigations involving figures linked to the former Orbán administration are testing Hungary’s political and legal institutions, while Magyar faces scrutiny over a separate 2024 incident.
- Hungary’s euro roadmap: A proposed 2032 target for adopting the euro could mark a significant change in Hungary’s economic direction, although important conditions remain to be met.
Beyond these headline stories, the briefing covers the Budapest–Belgrade railway, retail developments, regional energy cooperation and the latest diplomatic activities in Budapest.
Want to understand what’s changing in Hungary — and why it matters?
