Shocking decline: How Hungary fell behind its neighbours after joining the EU

Hungary joined the European Union in 2004 with the aim of catching up or at least approaching the economic and social development of Western European countries. The optimism of the country, then one of the most advanced economies in the region, was well- …

Watchdogs Bite: MBH Bank Group Fined by National Bank of Hungary

The National Bank of Hungary (NBH) has fined MBH Bank and its unit MBH Investment Bank HUF 27.5m for failing to complete remedial measures, the central bank and financial market watchdog said on Monday. The NBH had ordered the banks to correct IT …

B+N Hungary Among Top 10 Most Popular Employers

B+N Referencia Zrt. secured 7th place in the Top Employers Hungary 2024 ranking, which lists Hungary’s best employers. B+N joined top brands such as Audi, Mercedes, and Bosch in the TOP 10. The ranking of the top employers in Hungary was compiled for the …

Home Prices Up 13% in Hungary this Year

Homes in Hungary sold for an average HUF 45.2m in 2024, up 13pc from a year earlier, data compiled by listed real estate broker Duna House show. In the capital, the average home price climbed 6pc to HUF 60.4m. In the rest of the country, prices rose by HUF …

Hungary Lowers Foreign Guest Worker Cap

Hungary has lowered the cap on the number of work permits issued to non-European Union nationals to 35,000 for 2025 in a decree issued by by the national economy minister. The new cap was set prioritising the protection of Hungarian families, employees and …

Hungary's controversial presidency of the EU comes to an end

Poland gears up to take-over presidency of the European Union as controversial Hungarian term comes to an end. The presidency of the Council of the European Union rotates among the 27 member states once every six-months. The country in presidency is tasked …

Police: it is risky and dangerous to buy fireworks from an unofficial place in Hungary

In order to prevent accidents, everyone should buy fireworks only from an expert, licensed seller, not from private imports, in markets, gatehouses and gatehouses, said the head of the Fire Department of the Emergency Police at a press conference in …

Hungary announces support for Syrian Christians

CV NEWS FEED // Hungary State Secretary for the Aid of Persecuted Christians Azbej Tristan recently announced on social media that Hungary is ready to assist in the protection of the Christian minority in Syria. In a post on X, Tristan announced …

Top Hungary news: guest worker cap, Putin’s message to Orbán, Iconic soup, loneliest nation, Budapest’s bath

Unprecedented growth and rising prices: records and averages for Hungary’s housing market in 2024

Homes in Hungary sold for an average HUF 45.2m in 2024, up 13pc from a year earlier, data compiled by listed real estate broker Duna House show. The average home price in the capital climbed 6pc to HUF 60.4m. In the rest of the country, prices rose by HUF …