Macro and economic policy

Haste makes waste: Hungarian Péter and the Tisza Party receive harsh criticism

The process of electing constitutional court judges by a single party continues: although the National Assembly has 60 days to elect a new member of the Constitutional Court, something has already happened on Monday, July 27th, for some reason - Amnesty International Hungary, a human rights organization, criticized this in its statement on Friday.

New CEO takes over management of Paks II: Minister sets high expectations

Attila Ságodi has been appointed as the new CEO of Paks II Nuclear Power Plant Zrt., whom the Minister of Economic Affairs and Energy expects to ensure the efficient, transparent, and safe implementation of the investment. This was revealed in a Facebook post by István Kapitány, Minister of Economic Affairs and Energy.

Philip R. Lane: Outlook for the euro area economy

Hungary is experiencing a rapid rise in temperatures, with the capital city breaking historical heat records.

In 2026, the average monthly temperature in Hungary was the second highest in June since 1901: the average monthly temperature was 22.5 degrees Celsius. During the heatwave that occurred at the end of the month, several records were broken, and on June 30, a record high of 42 degrees Celsius was recorded in Szécsény, creating a new national absolute record.

The government plans to address problems in Budapest's public spaces using mobile teams.

The Ministry of Social Affairs and Family Affairs is organizing mobile teams consisting of psychiatrists, psychologists, social workers, and addiction specialists to address problems in Budapest’s public spaces. The teams are planned to provide quick, on-site assistance to people living on the streets who are struggling with psychiatric issues or addiction, and their work would also be supported by crisis centers.

Swimming is prohibited on five beaches on Lake Velence.

A temporary swimming ban has been imposed at the five beaches on Lake Velence after laboratory tests showed bacterial contamination levels exceeding limits. The ban affects the Agárdi Park Beach Camping, the Gardonyi Tini Szabadstrand, the Velence Northern Beach, the Velence Promenade and Beach, and the Velence Resort & Spa beach.

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

China has criticized the EU over the sanctions package against Russia – Among the targets is Rheinmetall

China has imposed export controls on 14 European companies, including the German defense industry firm Rheinmetall, in response to similar sanctions imposed by the EU on Chinese and Hong Kong-based companies, according to Bloomberg.

ECB to extend use of climate factors in Eurosystem collateral framework to non-financial corporate credit claims

Macroprudential policy and productivity: friends not foes

Results of the June 2026 survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)

ECB to start implementing enhanced repo facility for central banks