AGP Executive Report
Last update: 7 hours agoBYD Probe: Hungary has launched an investigation into a major Chinese automaker investment after former foreign minister Péter Szijjártó resigned from Parliament to take a top role at BYD. PM Péter Magyar says the probe will cover all decisions tied to the BYD Hungary deal, including subsidies, tax breaks, permits, environmental exemptions and publicly funded infrastructure—amid accusations of conflict of interest and concerns about impacts on taxpayers, local communities and the environment. Heatwave Watch: A short cool-down is ending. Hungary is set to warm again this weekend, with forecasts pointing to 30–35°C and possibly up to 38°C early next week, while drought conditions linger. Danube Low Water: Record-low Danube levels are disrupting tourism and shipping, with cruise cancellations and restrictions as beaches and riverbed stretches emerge. EU Carbon Rules: The European Commission proposes slowing EU ETS emissions-cut requirements from 2031, including longer free allowances tied to climate investment plans—sparking debate over whether the move weakens climate action. Drought Beyond Borders: The Danube’s low levels are also hitting neighboring countries, with exposed river beaches and reduced navigation reported along the river. Local Sustainability Tool: Budapest University of Economics has developed an ecological footprint calculator for Hungarian SMEs, aiming to help firms cut energy use, transport impacts and waste through practical sustainability metrics.
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