BYD & Hungarian politics: Former foreign minister Péter Szijjártó resigned his parliamentary seat to take an international role at China’s BYD, prompting Prime Minister Péter Magyar to flag potential conflicts of interest and call for stricter “cooling-off” rules for ex-officials. EV manufacturing & policy risk: The move comes as BYD’s Hungary plans—linked to earlier state support—face renewed scrutiny over governance and compliance. Carbon market pressure: A 10-country coalition led by Poland, including Hungary, is pushing the EU to slow ETS tightening and rethink ETS2, warning that faster carbon cuts could push industry out of Europe. EU legal action: The European Commission launched infringement steps against 17 member states, including Hungary, for incomplete transposition of the revised single permit rules for non-EU workers. RRF funding unlock: EU finance ministers approved Hungary’s revised Recovery and Resilience Plan, paving the way for over €10bn in funds and potentially more cohesion money if rule-of-law conditions are met. Public transport upgrade: Budapest put a new CAF low-floor tram into service, funded by EU and Hungarian state support, boosting accessibility and fleet renewal. Energy & security ripple: A US Senate bill proposes up to 100% tariffs on major buyers of Russian oil, explicitly naming Hungary among potential targets.