The new ministers had their committee hearings in the Parliament on Monday and Tuesday, where they talked about their vision for Hungary and their respective areas for the next 4 years before they could be officially appointed. Zoltán Tanács, Minister of Science and Technology promised improvements in electronic administration.
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Foreign exchange rates are clear indicators of how global markets react to news. The Hungarian currency (HUF) has been strengthening since the elections, indicating international approval and a promising new era in Hungary. The new policies will require adjustments in how companies plan their budgets.
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The new ministers started their committee hearings in the Parliament on Monday, where they talked about their vision for Hungary and their respective areas for the next 4 years before they could be officially appointed. István Kapitány, Minister of Economy and Energetics promised stability and predictability as the most attractive features for new investment.
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The rule by decree period expires on May 13 in Hungary. This time it will not be extended again, but regulations introduced through government decrees will stay in place: they are now made into laws with one of the first resolutions of the new parliament. No sudden changes are expected.
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Since the April 12 general elections, the departing government functioned only as a caretaker government with limited powers. On May 9, the new parliament had its first session, and the assembly started its work.
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If you hold a Hungarian residence permit, you must keep both it and your passport on you at all times. You should keep an eye on when your passport expires, and extend it before you apply for a residency renewal. You don’t need to report this to the Immigration Office.
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With TISZA Party winning the last elections, Hungary is ready to strengthen ties with the EU, which will include working more closely with EU institutions, and which puts the introduction of EUR in the not-too-distant future. Markets have been reacting positively to the impending changes, making Hungary an even more attractive destination for business and investment.
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On April 12, TISZA party garnered a landslide victory in the latest general elections in Hungary. With that, the FIDESZ government will be replaced after their 16-year rule. Foreign exchange rates and stock markets seem hopeful about the results and the increased stability a TISZA government promises. At the same time, immigration related rules are not expected to change in the immediate future.
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Standard tip in Hungary is 10%. The amount of the tip should reflect your satisfaction with the service, but you will not be expected to tip more than 20%. Many restaurants also charge a service fee, which cannot be above 15%. If there is a service fee, it is best to politely ask the waiter whether you are expected to tip too.
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Making a donation that costs you nothing? It is possible! When you file your personal income tax return in Hungary, you can make a direct decision about what should happen to a small part of it. 1% can go to a church, and another 1% to a Hungarian NGO. The deadline is May 20, 2026.
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