4+ hour, 34+ min ago   (548+ words) A new study suggests that Hungarians are right to feel that shopping abroad can be cheaper – but much depends on what they are buying. Food prices paint a very different picture from, say, the cost of services. Meanwhile, a fresh…...

2+ week, 9+ hour ago   (968+ words) Hungary will abolish VAT on prescription medicines from 1 September, Prime Minister Péter Magyar announced on Thursday. The Hungary prescription drug VAT decision is the latest element of a large tax overhaul launched since the new government and parliament took office…...

2+ week, 3+ day ago   (658+ words) Tuesday’s meeting is part of the MNB’s previously announced 2026 schedule rather than an extraordinary session. The official decision is due after the Monetary Council’s regular policy meeting. All analysts surveyed by Hungarian economic news site Portfolio expect the MNB to…...

3+ week, 1+ hour ago   (457+ words) Hungary was the European Union’s largest purchaser of Russian pipeline natural gas during the first five months of 2026, spending EUR 1.1 billion despite a year-on-year decline in imports. According to Eurostat data analysed by the Russian state news agency TASS, Hungary…...

4+ week, 1+ day ago   (532+ words) Hungary’s central government finances recorded a HUF 424.1 billion (EUR 1.2 billion) surplus in June, marking the strongest June budget balance on record and offering a welcome boost after months of mounting fiscal pressure. According to preliminary data released by the Ministry…...

1+ mon, 1+ week ago   (312+ words) Travelling by taxi in Budapest will become more expensive from 1 August after the Budapest Metropolitan Assembly approved higher official fares. The new pricing includes increases to the base fare, distance and time charges, as well as the introduction of a…...

1+ mon, 3+ week ago   (817+ words) Daily News Hungary (DNH): I would like to begin with a slightly personal question. You have now returned to Hungary as Ambassador for the second time. What did you miss most about Hungary, and where do you see the biggest…...

2+ mon, 3+ week ago   (668+ words) Hungary’s three major telecommunications providers — Magyar Telekom, Yettel and One — have announced price increases in the coming months after the expiry of a voluntary price restraint agreement requested by the former government last year. The companies confirmed that they are…...

2+ mon, 4+ week ago   (764+ words) Hungarians could soon face another wave of rising living costs as the government-backed voluntary price freeze affecting banks, insurers and telecommunications providers comes to an end this summer. According to reports by G7 and Mfor, several major financial institutions and service…...

3+ mon, 1+ week ago   (615+ words) The incoming government will break with irresponsible, opaque budgets and restore market confidence, incoming Economic and Energy Minister István Kapitány wrote on Facebook on Saturday. Kapitány said Hungary’s budgetary room for manoeuvre was now severely constrained. “The public debt is…...