Wealth Tax & Euro Adoption in Hungary now Officially Promised by Tisza Party
- 10 Feb 2026 9:51 AM
As Hungary prepares for the parliamentary election on April 12, the opposition Tisza party has released a comprehensive 240-page programme aimed at fundamentally reshaping the country's economic and diplomatic path. Led by former government insider Péter Magyar, the party currently represents the most significant challenge to Prime Minister Viktor Orbán’s Fidesz since 2010.
Economic Shifts: Euro and Wealth Tax
For the expat and business community, the most notable pledges involve a move toward the Euro and a change in the tax landscape. While Fidesz has long resisted a timeline for the single currency, Tisza promises to set a "foreseeable and achievable target date" for its introduction.
On the taxation front, the party plans a two-pronged approach:
Income Tax Relief: Cutting taxes for those earning below the median wage.
Wealth Tax: Introducing a 1% annual tax on wealth exceeding 1 billion forints (approx. $3.1 million).
Magyar has also committed to aggressively tackling corruption as a means to unlock billions in frozen EU funds, which he argues are essential for revitalizing the national economy.
Energy and Infrastructure
The manifesto, titled "The Foundations of a Functioning and Humane Hungary," sets ambitious goals for energy independence. Tisza aims to end Hungary’s reliance on Russian energy by 2035 and double the country’s share of renewables by 2040. While the party supports nuclear energy, it has called for a "comprehensive review" of the ongoing Russian-led Paks 2 project.
Immediate Reforms
Beyond economics, the programme promises immediate overhauls of critical public services that impact daily life in Hungary:
Healthcare and Education: Prioritizing modernization and funding.
Transport and Welfare: Restructuring systems to improve efficiency and reliability.
The Road to April 12
While recent independent polls show Tisza holding an 8–16 percentage point lead among decided voters, the political landscape remains polarized. Pro-government pollsters suggest Fidesz maintains its lead, leaving the final outcome of the April vote highly unpredictable.
*********************************************************************************************
You're very welcome to comment, discuss and enjoy more stories via our Facebook page:
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary
You can subscribe to our newsletter here: XpatLoop.com/Newsletters
Showcase Your Business to Expats in the Loop:
As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.
LATEST NEWS IN current affairs