Automotive Restructuring: BMW plans voluntary redundancy for about 40,000 of its ~85,000 German office staff, aiming to cut roughly 8,000 jobs by end-2027, citing slimmer EV margins, US tariffs and intense Chinese competition. Hungarian Industrial Policy Scrutiny: Hungary is reviewing the BYD Szeged deal after claims of undisclosed state support running into billions of forints, with documents pointing to large infrastructure spending and a classified direct subsidy. Energy & Grid Monitoring: MAVIR launched new data to track day-to-day operation of Hungary’s rapidly growing electricity storage fleet (now 700+ MW and 1,400+ MWh). Nuclear & Water Stress: Paks output was temporarily reduced as Danube levels hit record lows, with the ministry stressing supply security and safe operation rules. Logistics Disruption: Record-low Danube water levels are halting or limiting shipping and leaving hotel boats stranded, while barges face reduced loads and higher transport costs. Heatwave Impact: Hungary issued a nationwide third-level heat alert, warning of health risks and added strain on agriculture and transport. Hospitality Pressure: MBH Bank reports Hungary’s catering sector is still smaller than pre-Covid, with pubs/cafés down sharply and real turnover growth barely positive. EU Industry Pressure from China: Europe is debating how to respond to China’s export surge, especially in autos and renewables, balancing protection with competitiveness. US Sanctions Spillover: A US Senate Russia sanctions bill could trigger up to 100% tariffs for countries buying Russian energy, with Hungary among the named targets.