AGP Executive Report
Last update: 9 hours agoEU Rule-of-Law: PM Péter Magyar says the Article 7 procedure against Hungary is nearing closure, aiming for a conclusion by October after Brussels signalled progress on anti-corruption steps. Domestic Politics: Fidesz hits back, accusing Magyar of trading away Hungarian interests in Brussels, including on Ukraine, migration and EU accession language. Tax & Cost of Living: A guide explains how Hungary’s 15% flat personal income tax works in 2026, with extra focus on what expats, workers and investors should expect. Energy Policy: Fuel prices in Hungary have slipped below the government’s protected thresholds, setting up the planned phase-out of the cap. Geothermal Investment: Drilling in Kiskunhalas reached the target geothermal reservoir ahead of schedule, paving the way for a new heat-and-power project. Business & Industry: BYD’s Szeged plant construction saw a fatal accident, with authorities investigating. EU Budget Talks: EU leaders used the Brussels summit to push unity on Ukraine support and sanctions, while turning to the next long-term budget and competitiveness agenda. Local Economy & Trade: Hungary lifted restrictions on 12 Ukrainian media outlets, aiming to restore ties and access for Ukrainian communities. Food & Agriculture: Hungary’s top pálinka awards went to Sáppusztai Distillery and Bolyhos Pálinka Distillery, highlighting strict rules on Hungarian fruit and no additives.
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