Hungary's government is considering a plan to impose a moratorium on new Airbnb licences in Budapest and to raise taxes on short-term apartment rentals in the capital city, the economy minister said on Monday. Marton Nagy announced the plans about a month after residents of Budapest's sixth district voted to ban short-term rentals from 2026, the first such ban in one of Europe's most popular tourist destinations. Some residents in European tourist hotspots blame short-term lets for driving up home prices. In central Europe, Budapest was the most popular city for short-term stays in 2023 with 6.7 million guest nights, according to Eurostat, ahead of Vienna, Prague, Warsaw, Krakow and others. Eurostat figures show almost 719 million guest nights spent in the European Union were...
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Hungary is organising Europe’s grandest fireworks show this year on August 20, which will also be one of the largest fireworks extravaganzas in the world. The celebrations mark the founding of the country and the feast of Hungary’s first king St. Stephen of the Arpad house. St. Stephen's Day is one of the most important events in Hungary in terms of interest and participation numbers. Hundreds of program elements will be held in 19 locations. World-class elements in the fireworks show The pyrotechnic extravaganza will run five kilometres from Petofi Bridge north to the southern third of Margaret Island. Crowds will enjoy an almost identical view from either bank of the Danube, and there will also be a light show on the Parliament building. 45,530 separate pyrotechnic effects wil...
Read MoreBudapest residents and a few tourists flocked to cafes lining the River Danube on Saturday for a drink outside in the sun, after the government decided that having vaccinated more than a third of the population it was time to lift some restrictions. “We have been waiting for this moment when we can sit out again on a nice sunny day and have a drink for more than six months,” said local woman Bernadett. “This is fantastic.” Guests enjoy the sunny weather as they sit in front of a restaurant after the Hungarian government allowed to reopen outdoor terraces, as the spread of the coronavirus disease (COVID-19) continues in Budapest, Hungary, April 24, 2021. REUTERS/Bernadett Szabo Next week restaurants are set to reopen indoors. Some remain worried however, as Hungary has racked u...
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