Hungary’s Latest: Orbán on the Euro, Ukraine-Hungary border, Russian sanctions, €10M hiring fund, and Citadel – January 27, 2025
The Tordas Pilikék Children’s Folk Dance Ensemble recently performed in Budapest at the House of Traditions on 23 January 2025. This special event was held in conjunction with the Day of Hungarian Culture, where it was announced that the tradition of the Csárdás dance has been officially recognized by UNESCO as part of the Intangible Cultural Heritage of Humanity.
In other news from Hungary, Prime Minister Orbán has outlined the country’s position on euro adoption, while his cabinet has taken the decision to close the Hungary-Ukraine border to Ukrainian agricultural imports. There are also concerning projections for the Hungarian economy in 2025, including predicted inflation and a potential EUR/HUF 420 exchange rate.
In the realm of politics, Budapest Mayor is urging Prime Minister Orbán to halt a controversial development project with a UAE partner, while discussions on US-Hungary relations with the new US administration under Trump are ongoing. Additionally, Hungary has imposed new conditions for Russia sanctions and has lifted its veto on EU sanctions against Russia.
On the economic front, the Hungarian government has introduced new measures to support small and medium-sized enterprises, including a €10 million hiring fund and investment support program. However, there have also been reports of organised crime involving the distribution of fake banknotes across the country.
In society news, a serious error was reported in a Hungarian hospital where a man’s lung was operated on mistakenly. Meanwhile, in cultural and tourism updates, the Citadella in Hungary has announced its new look and opening date, and discussions are ongoing on how Hungary can attract more tourists to its lesser-known destinations.
Overall, Hungary continues to make headlines in various sectors, from culture and tourism to politics and the economy. Stay tuned for more updates on the latest news from Hungary.
