AGP Executive Report
Last update: 10 hours agoCentral Bank Probe: Former governor György Matolcsy was detained over alleged economic fraud linked to central-bank foundations; the investigation concerns roughly €500 million in public funds. Budget and Euro Plans: Hungary’s 2027 budget targets a 4.9% deficit, down from an expected 7.5% this year. Finance Minister András Kármán says sustained cuts could put euro adoption within reach by 2032. Energy Deals: MOL has agreed to buy the Russian stake in Serbian oil company NIS, subject to antitrust approval. Serbia would also raise its own stake. Manufacturing: Resideo is moving production from Scotland to factories in Brno and Nagykanizsa, while BYD’s Hungarian plant is slated to begin mass production in the fourth quarter of 2026. Energy Investment: MOL has opened its first biomethane plant in Szarvas, and geothermal exploration is under way in Baja.
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