AGP Executive Report
Last update: 11 hours agoHealthcare Costs: Hungary will scrap VAT on prescription medicines from September 1, cutting the 5% levy to zero to ease out-of-pocket pressure for chronic patients and older residents. Business Confidence: GKI reports July business and consumer sentiment improved, with industrial confidence hitting a four-year high while construction and business services lag. Retail Tax Debate: KDNP criticizes a proposed Retail Tax Act change as favoring multinationals over Hungarian firms, arguing it adds costs for households. Automotive Investments: Geely shares rose after it said a subsidiary will invest EUR221m to buy a 34% stake in Ford’s Spanish Valencia plant; separately, Hungary has started investigating BYD-related subsidies and permits after former foreign minister Péter Szijjártó joined the company. Banking Deal: OTP Bank agreed to acquire Baltic lender Luminor, extending its regional footprint. EU Policy Watch: Hungary’s stance is linked to softer outcomes in the 21st Russia sanctions package, with disputes over gas and fish exports shaping the final terms. Education & Labour: Hungary expects 101,000+ university entrants this September, with business/economics the biggest intake area, while Wizz Air plans capacity growth despite uncertainty.
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