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HUNGARY: Hungary Braces for Intense Flooding This Week

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Prime Minister Viktor Orban, in a Facebook video on Sunday, said flood protection efforts in Hungary over the coming days "will be hard but we will manage" as intense rains and flooding hits central Europe.
  • The mayor of Budapest issued a third-degree flood alert along all flood protection sections of the River Danube in the capital from Monday, while Poland seems poised to declare a state of emergency anytime now. At least eight people were confirmed dead in Czechia, Poland and Romania on Sunday.
  • Residents of Budapest's sixth district have narrowly voted to ban short-term rentals from 2026. Reuters note that the decision could have wider ramifications for the housing market, with opponents of the ban arguing that the move would hit revenue not just for apartment hosts but nearby cafes and restaurants catering largely to foreign tourists.
  • There are no data releases scheduled for today, or for the entirety of the rest of the week. Attention therefore turns to the FOMC rate decision on Wednesday given the importance the NBH has placed on the decisions of major central banks on Hungary’s own easing cycle.
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  • Prime Minister Viktor Orban, in a Facebook video on Sunday, said flood protection efforts in Hungary over the coming days "will be hard but we will manage" as intense rains and flooding hits central Europe.
  • The mayor of Budapest issued a third-degree flood alert along all flood protection sections of the River Danube in the capital from Monday, while Poland seems poised to declare a state of emergency anytime now. At least eight people were confirmed dead in Czechia, Poland and Romania on Sunday.
  • Residents of Budapest's sixth district have narrowly voted to ban short-term rentals from 2026. Reuters note that the decision could have wider ramifications for the housing market, with opponents of the ban arguing that the move would hit revenue not just for apartment hosts but nearby cafes and restaurants catering largely to foreign tourists.
  • There are no data releases scheduled for today, or for the entirety of the rest of the week. Attention therefore turns to the FOMC rate decision on Wednesday given the importance the NBH has placed on the decisions of major central banks on Hungary’s own easing cycle.