AGP Executive Report
Last update: 10 hours agoWealth Tax: Hungary will impose a 1% annual tax on assets above HUF 1 billion from 2027, rising to 1.5% above HUF 100 billion. The levy will also cover assets held abroad, with loans deductible. Fiscal Pressure: The IMF says this year’s budget deficit could reach 7–7.5% of GDP and urges credible, growth-friendly reforms. The government says it will add HUF 500 billion to healthcare funding in 2027 while working to reduce the deficit. Business Expansion: Pizza Hut plans to open restaurants in Nagykanizsa and Budapest next year, taking its Hungarian network to 31 locations; the Nagykanizsa outlet is expected to create 10 jobs. Industry: CATL has begun trial cell production at its planned 100 GWh Hungarian plant, while BMW is preparing to start mass production of a new model in Debrecen. Hungary’s September inflation rate rose to 1.6%.
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