AGP Executive Report
Last update: 8 hours agoBudapest Rentals: A District 1 consultation found 58.6% of participants backed a full ban on short-term rentals, setting up new rules for hosts and property owners. Fiscal Pressure: The IMF is urging Hungary to tackle a 7.5% budget deficit, with proposed cuts to family tax breaks, VAT relief and utility caps linked to unlocking €16 billion in EU funds. Wealth Tax: The government plans a tax from 2027 on wealth above HUF 1 billion, while Hungary is also considering an exit tax on citizens moving money abroad. Industrial Investment: CATL has begun trial cell production at its planned 100 GWh Hungarian plant, and BMW is preparing mass production of a new model in Debrecen. Euro Debate: Central bank governor Mihály Varga says euro adoption could save businesses HUF 130 billion a year in exchange-rate costs, but argues readiness matters more than a fixed accession date.
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