Hungary Headlines: Guest Worker Ban, Wizz Flights, Weak Forint, E-Buses, Cyber Criminal Activity—Dec 20, 2024
We have gathered the latest news from Hungary for you to stay informed. Check out the featured news highlights below:
Several companies in Hungary are facing a shortage of guest workers due to a ban proposal by the Orbán cabinet. This has shocked many businesses in need of workers.
After Easter, cheap Wizz Air flights have become scarce, but a Budapest flight to an Eastern metropolis may make a comeback soon.
The Hungarian Forint has reached new historic lows against major currencies like the EUR, GBP, and USD. Experts predict a rate of 420/EUR by 2025.
In the realm of crime, an Ukrainian cyber criminal has been arrested in Hungary for a scam worth €800,000. Additionally, opposition journalists in Hungary have been subjected to lie detector tests, a first in the country’s democracy.
Hungarian-made articulated e-buses will be serving passengers from 2025, offering a sustainable transportation option for the future.
In politics, the Orbán government will undergo changes in January, with one ministry set to be dissolved. Foreign Minister Szijjártó believes that the Biden administration’s actions are hindering the expansion of the Paks Nuclear Power Plant.
On the business front, Duna House predicts a better year in Hungary’s property market in 2025. Meanwhile, MOL has significantly increased its solar energy production through a new acquisition.
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