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A family of four sitting at the top of a mountain (illustration, Pixabay)

Family Tax Allowance Set to Be Doubled in 2025 and 2026

In a drive to support families amid challenging global conditions, the Hungarian government plans to double the family tax allowance in two stages, maintain tax exemptions for families with four children, mothers under 30, and individuals under 25, and extend the reduced 5 per cent VAT rate on residential property sales until 2026, the Ministry of Finance announced. Beside leaving more money in the pockets of families, the new tax amendments also aim to curb the grey economy and reduce administrative burdens.

The First African American President in US History: The Election of 2008

While President George W Bush enjoyed a record-high 90 per cent approval rating in the wake of the tragic 9/11 attack in 2001, his support dropped to just 25 per cent by October 2008. This was due to the eventual unpopularity of the Iraq war, but mostly, due to the 2008 financial crisis. Illinois Senator Barack Obama narrowly defeated former First Lady Hillary Clinton in the Democratic primary, then handily won the 2008 election to become the first black President in US history.

A Conversation with Zsolt Molnár, Director of Bocskai Radio in Cleveland, Ohio

An in-depth interview with Zsolt Molnár, who emigrated from Transylvania, Romania to the United States, where he ran a successful business until a tragic accident happened. He fell from a roof and broke his spine, after which he had to find a new occupation: he ended up taking over the Bocskai Radio in Cleveland, Ohio, which he turned into a radio station for the local Hungarian community.

Orbán Visits Georgia Amid EU’s Election Fraud Claims

Hungarian Prime Minister Viktor Orbán’s visit to Georgia has sparked criticism from European Union leaders, who do not recognize the results of the weekend’s elections in the South Caucasus state. During his visit Orbán underlined his support for Georgia’s European integration and the deepening of bilateral relations.

Donald Trump Retakes the Lead in RealClearPolitics Polling Aggregate

For the first time since early August, President Donald Trump is leading the national polling aggregate by RealClearPolitics over Vice President Kamala Harris. His current lead is just 0.2 points. However, he was underestimated by pollsters in the popular vote in both cycles he ran, in 2016 and 2020 as well.

S&P Affirms Hungary’s Investment-Grade Rating with Stable Outlook

S&P Global Ratings has affirmed Hungary’s investment-grade rating at ‘BBB minus/A-3’ for both foreign and local currency debt, with a stable outlook. The agency’s assessment highlights Hungary’s economic resilience, forecasting steady GDP growth, ongoing disinflation, and medium-term fiscal consolidation.

The author at the statue of the Pest Lad, an iconic symbol of the 1956 Revolution and Freedom Fight, at Corvin köz, Budapest.

East Toward Home — An Exiled American Finds His Place Among the Magyars

‘Before I left for America on this trip, I complained to a Magyar friend about how stubborn Hungarians are, and how they refuse to change their ways of doing things, even when there is a plainly better way. “You’re right, we are like that,” she said. “But consider that our hard-headed temperamental conservatism is also the thing that makes us willing to stand up to Brussels and tell them to go to hell.” Touché.’

Borderless Homeland — A Conversation with Györgyi Bőjtös

‘The diaspora mentality finds the meaning of Hungarian identity in the traditional folk values ​​and advocates these throughout the world. It doesn’t isolate itself either from the world or from present-day Hungary but nurtures contacts with both; builds and maintains relationships everywhere. The idea of ​​a “borderless homeland” means “Wherever there is a Hungarian, there is Hungary.”’

Construction of New National Gallery in Budapest Set to Begin in 2025

The construction of Hungary’s New National Gallery in Budapest is expected to start in 2025, with the goal of transforming the revitalized City Park into one of Europe’s most sophisticated cultural quarters. The new institution is planned to open within the decade, showcasing Hungary’s commitment to a forward-looking cultural renaissance.

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