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Hungary
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Saturday, October 31, 2026
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The 2027 budget reached parliament on Friday night, a 349-page document the government has titled Justice and Development. It includes a retiree benefit card, a wealth tax for 15,000 citizens, and a new carbon dioxide tax. The ministry intends to preserve utility price caps and maintain the 13th and 14th monthly pensions, though healthcare workers are already warning that their own promised salary increases have failed to materialize.
While the new budget is being read, old accounts are being settled. Authorities may demand 15.6 billion forints from associates of former prime minister Viktor Orbán over a pandemic-era ventilator deal; one of the individuals involved currently operates a Ferris wheel in Bali. A separate probe has traced a 4.1 billion forint fortune linked to the daughter of former minister Miklós Seszták through Cyprus and Canada.
The investigations into the former administration’s inner circle have also reached the business partners of model Sarka Kata, whose firm reported a billion-dollar revenue and an 84 percent profit margin despite employing only one person. Elsewhere, residents in Fertőrákos are protesting a planned airport development they say will threaten the water supply for 100,000 people. If the disaster happens, one local noted, it will be irreversible.
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The Hungarian government has formally submitted its draft budget for 2027 to the Parliament. The comprehensive document outlines plans for a retiree SZÉP card, the implementation of 13th and 14th monthly pensions, a wealth tax impacting 15,000 citizens, and the introduction of a carbon dioxide tax. The government also intends to safeguard utility protection measures.
HVG:
2027 Budget Submitted
The Ministry of Finance submitted the draft budget for 2027 on Friday night.
24.hu:
Budget submitted: retiree SZÉP card to start, 13th and 14th monthly pension to…
The government plans not to touch utility protection, a wealth tax will affect 15,000 Hungarians, and a carbon dioxide tax will be introduced.
444:
Government Submits Draft Budget for 2027
The government has submitted the draft budget for 2027, a 349-page document focused on 'justice and development', which is now available for public viewing.
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New developments in ongoing financial investigations reveal a 4.1 billion forint fortune linked to the daughter of former Minister Miklós Seszták, with funds reportedly moved through Cyprus and Canada. An associate of Seszták has also been detained as a suspected money courier. Additionally, authorities are considering demanding up to 15.6 billion forints from individuals associated with former Prime Minister Viktor Orbán in connection with the 'ventilator business' scandal.
Telex:
4.1 Billion Forint Fortune Linked to Former Minister's Daughter
A significant fortune, amounting to 4.1 billion forints, has been placed under the control of a former minister's daughter, with connections tracing back to his business circle. The funds were routed through Cyprus and Canada, with one foundation established after an investigation into the former…
444:
Authorities May Demand Up to 15.6 Billion Forints from Orbán's Associates
Authorities may seek up to 15.6 billion forints from individuals linked to Viktor Orbán, including one who operates a Ferris wheel in Bali, in connection with a case involving alleged damages to Hungarian taxpayers in the 'ventilator business'.
HVG:
Associate of Seszták Detained, Possibly a Money Courier
An associate of Miklós Seszták has been arrested, suspected of being a money courier.
444:
How Much Would You Sit for Viktor Orbán?
The article explores the peculiar aftershocks of Hungary's unique, non-violent autocracy based on falsehoods, questioning why someone with nothing to fear would take responsibility amidst a series of arrests.
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The business circle of Hungarian model and businesswoman Sarka Kata is currently under investigation due to reported billion-dollar revenues, despite operating with a single employee and an 84 percent profit margin around BP Kurír.
HVG:
Sarka Kata's Business Circle Under Scrutiny for Billion-Dollar Revenue
An investigation found Sarka Kata's business circle with a billion-dollar revenue, a single employee, and an 84 percent profit margin around BP Kurír.
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An analysis suggests that a model for toppling autocratic regimes in Eastern Europe may be emerging, with recent electoral victories in Hungary and Serbia exhibiting both similarities and distinct methods, indicating that no single approach guarantees political change.
444:
Overthrowing the Unremovable: What are Hungary and Serbia Telling the World?
A model for toppling autocratic regimes in Eastern Europe may have emerged, with electoral victories in Hungary and Serbia showing similarities but also distinct methods, suggesting no single recipe for change exists.
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Healthcare professionals in the country are expressing disappointment as their recent salary increases have fallen short of the government's promised 20-25% hike, leading to considerations of resignation among many.
444:
They Are Ashamed to State Their Salaries
Healthcare professionals are facing a salary increase lower than the government's promised 20-25%, leading to disappointment, tears, and consideration of resignation among many.
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Residents of Fertőrákos are expressing serious concerns that a proposed airport development project could endanger the vital water base that currently supplies drinking water to approximately 100,000 people, warning of irreversible consequences if the development proceeds.
24.hu:
'If the disaster happens, it will be irreversible'
Residents of Fertőrákos fear the planned airport development will endanger the water base that supplies 100,000 people.
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Despite an increase in students passing matriculation language exams, the overall language proficiency among Hungarians remains low, with fewer individuals taking language proficiency exams and a decrease in motivation for language learning in higher education, placing Hungary at the bottom in Europe for language skills.
Telex:
Fewer Hungarians Take Language Exams, But Proficiency Remains Low
While fewer people are taking language proficiency exams, the real issue is the low overall language skill among Hungarians. More students are passing matriculation language exams, but motivation for language learning in higher education has decreased, leaving Hungarians at the bottom in Europe…
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Júlia Szilágyi reflects on a surreal childhood, including memories of children wrapped in carpets and lost tanks, and shares her enduring fear of Viktor Orbán since 1989, in an interview that also touches upon the legacy of former President Árpád Göncz.
24.hu:
Árpád Göncz sat with me, then I faced the truth that dad is no more
Szilágyi Júlia speaks about a surreal childhood, children wrapped in carpets, and lost tanks, and reveals why she has feared Viktor Orbán since '89.
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Daily news summaries from Hungary
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