At the European Parliament, Hungary was the only one to veto the introduction of a 15 percent global minimum tax law, which would apply to companies with an annual turnover of at least 750 million euros. Several Hungarian companies would be affected by the tax regulations, as OTP, Mol, Richter, the state MVM group or […]

An unprecedented accident occurred in mid-air, in September 2020 between Vál and Kajászó, Fejér County. In a hot air balloon, a fire started in the early evening hours after hitting the ground, and the damaged structure became uncontrollable. Two passengers and the pilot suffered burns, but were able to jump out of the basket. However, […]

Hungary wants to be a climate neutral country by 2050, which means it will not emit more carbon dioxide than its forests could absorb. Over the next 30 years, 2-2.5 % of GDP will have to be invested annually in environmental protection to achieve climate neutrality by 2050. By 2034, all domestic households would be […]

The war in Ukraine has forced millions of people to leave their homes, with some seeking security elsewhere in their own country and others in neighboring nations. The long-term provision of accommodation and food for refugees arriving in Hungary is a huge difficulty for the civilian population. Ambrus Kiss, deputy mayor of Budapest, indicated that […]

Petrol shortages in Hungary may soon peak. According to Eszter Bujdosó, managing director of holtankoljunk.hu, with the beginning of the agricultural season and the harvest, the problem could reach its climax around July-August. Regardless of size, agricultural vehicles and machinery can continue to refuel at the stations for the discounted price of 480 forints. In […]