AGP Executive Report
Last update: 8 hours agoWealth Tax: Péter Magyar’s government plans a 1% annual tax on assets above 1 billion forints from 2027, rising to 1.5% above 100 billion. It will cover property, investments, company stakes and assets abroad. Budget Pressures: Magyar says healthcare funding will rise by 500 billion forints next year, while the IMF is urging Hungary to shrink its large budget deficit. Corruption and Accountability: Viktor Orbán denies ordering the March raid on a Ukrainian cash convoy, as former officials and police face investigation. A new survey also finds that only about a quarter of Hungarians would report corruption they witnessed. Ukraine and the EU: Hungary has dropped its block on opening two more EU accession negotiating clusters for Ukraine, a step toward easing strained relations. Drought: Hungary recorded its driest summer in 126 years, and volunteers are building small dams to retain dwindling water.
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