The Magyar government, in office since the April 2026 election, prioritises recovering frozen EU funds, fighting corruption and fiscal consolidation. The 2027 draft budget focuses on rail, road and energy infrastructure, business credit, youth housing and public-sector pay rises.
Gouvernement · dirigeant
President András Baka (elected Aug 2026) / Prime Minister Péter Magyar
Priorités nationales
- Recovering frozen EU funds and rule-of-law reform
- Anti-corruption and transparent public spending
- Deficit reduction (2027-2030 medium-term budget programme)
- Housing (Wekerle Programme) and family support
- Health and public-sector pay rises
- Rail, road and energy infrastructure
Programmes publics
2027 state budget draft
Rail, road and energy infrastructure, new business loan schemes, youth housing support, single-digit income tax rate for about one million people
2027-2030 medium-term economic and budget programme
Published 28 Oct 2026, aiming for predictable finances and renewed growth
Wekerle housing programme
Announced 27 Oct 2026, covering purchase, renovation and rental
EU fund release and recovery fund implementation~EUR 16.4bn (release agreed)
Deal with the European Commission in May 2026 to unfreeze funds; recovery grants and loans being pursued
Health workforce pay rise
Average 15% raise for health workers in the 2027 budget
Korea-Hungary Battery Cooperation Center support (EIPP)
KDI held an interim report meeting and field survey in Budapest in Aug 2026 with HUBA, BME and others
Opportunités d'affaires
EU-fund implementation monitoring dashboards and PMO consulting
Released funds must be spent and reported on in a short window.
EU-fund managing ministries, municipalities, state companies
AI analytics to detect procurement irregularities
The new government has made anti-corruption and spending transparency a top priority.
Public Procurement Authority, audit bodies, Ministry of Finance
Workforce and supply-chain consulting for Korean battery suppliers
A Korea-Hungary battery cooperation center is being prepared, and many Korean battery plants operate there.
Korean battery suppliers in Hungary, Hungarian Battery Association (HUBA)
Home renovation and energy-efficiency assessment SaaS
The Wekerle Programme includes renovation support, so demand should rise.
Housing authorities, contractors, banks
Soutiens coréens
- Hungary EIPP (Korea-Hungary Battery Cooperation Center) · KDI (Economic Innovation Partnership Program) — Advises on setting up a battery cooperation center in 2025/26 and held an interim meeting in Budapest in Aug 2026.
- KOTRA Budapest office · KOTRA — Supports Korean firms in batteries, auto parts and other sectors with market information.
Avis officiels
Hungarian Government portal (kormany.hu)
- 2026-10-28 Finance Ministry publishes 2027-2030 medium-term programme; 2027 tax bills submitted to parliament
- 2026-10-27 Wekerle housing programme announced; family allowance for children with severe illness or disability doubles from January
- 2026-10-24 2027 budget centred on infrastructure, business credit and youth housing
- 2026-10-25 Health Ministry details who gets the average 15% pay rise in 2027
Catastrophes · conflits · épidémies
Stable 2026-10-30
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