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Budapest's Financial Turmoil: the Capital Continues to Dance on the Brink of Bankruptcy
Summary by Magyar Nemzet
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Bankruptcy, technical bankruptcy, insolvency, empty coffers – over the past two years, the capital led by Gergely Karácsony has repeatedly painted a dramatic picture of Budapest's financial situation. The most serious situation arose at the end of 2025, when the City Hall was already counting on a year-end deficit of 33 billion forints and the risk of not paying employees' wages. The capital eventually found some temporary solution each time, bu…
·Budapest, Hungary
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