AGP Executive Report
Last update: 9 hours agoEU Funding: Brussels has ended its rule-of-law procedure against Hungary, making €4.2 billion in frozen funds available and restoring access to Erasmus+ and Horizon Europe. Hungary has permanently lost about €2.1 billion after missing spending deadlines. Growth Outlook: Fitch expects GDP growth to accelerate from 0.5% in 2025 to 1.9% this year and 2.5% in 2027, while the budget deficit is forecast to narrow from 7.3% to 5.8% of GDP. Auto Trade: The EU will cap annual Chinese-built hybrid imports at 350,000 vehicles, with the limit rising 6% a year. Cars made inside the bloc are exempt, giving manufacturers such as BYD — which is developing production in Hungary — an incentive to build locally. Tax Policy: Hungary plans a wealth tax from 2027 on assets above HUF 1 billion, adding a new cost for the country’s wealthiest residents.
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