AGP Executive Report
Last update: 6 hours agoPresidential Shake-Up: Hungary’s Tisza Party has nominated former Supreme Court chief András Baka for president, with a parliamentary vote expected Aug. 11, after Baka was previously removed by the Orban-era government and later ruled against by the ECHR. Rail Investment Boost: The government has green-lit the Baross Gábor Railway Development Plan, unlocking over EUR 5.5 billion (HUF 2,000bn+) for rail and rail-based transport projects, with EU funding via IKOP Plus now moving into implementation. Danube Drought Fallout: Record-low Danube levels are still exposing WWII relics and raising energy-water fears across the region, as heat and drought disrupt cooling and logistics. Festival Under Pressure: Sziget says it has enough backup power and no new restrictions are expected, despite wider energy uncertainty. Business Watch: M-Telekom reported slightly lower revenues but higher profits and cash flow, while applying tariff increases to offset inflation. Sports, Budapest Spotlight: Real Madrid beat Ferencváros 2-1 in a friendly in Budapest; Mourinho again questioned Bernardo Silva’s fitness and physical strength.
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